Vendors are eager to announce their 5G contracts, and are definitely keeping score. Huawei says it currently has 50 contracts , and Nokia is a close second with 48, three of which were announced since the company’s last official update.
Read moreWhich is the better stock to buy Ericsson or Nokia?
But Ericsson is arguably a better buy than Nokia , for three simple reasons. First, Ericsson’s 5G expansion went smoothly as Nokia got bogged down in its costly acquisition of Alcatel-Lucent. Second, Nokia’s longtime CEO resigned last year after struggling to expand the company’s 5G business.
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