Google Cloud, Ericsson Partner For Developing Enterprise 5G, Edge Cloud Solutions

Alphabet Inc's GOOG GOOGL Google Cloud, and Telefonaktiebolaget LM Ericsson ERIC collaborated to develop 5G and edge cloud solutions.
Google Cloud and Ericsson are developing new solutions at Ericsson's Silicon Valley D-15 Labs innovation center. Advanced solutions and technologies can be developed and tested on a live, multi-layer 5G platform in the center.
Ericsson and Google Cloud have already completed functional onboarding of Ericsson 5G on Anthos to enable telco edge and on-premise use cases for CSPs and enterprises.
Google Cloud and Ericsson are also piloting enterprise applications at the edge on a live network with TIM. The project, which will automate the functions of TIM's core 5G network and cloud-based applications, will use TIM's Telco Cloud infrastructure, Google Cloud solutions, and Ericsson's 5G core network and orchestration technologies.
The joint offerings will help enterprises in the automotive, transportation, manufacturing, and other sectors improve efficiencies and lower latency by bringing connectivity close to companies' physical locations.
Price action: ERIC shares traded higher by 0.04% at $12.69 on the last check Tuesday.