Ericsson has announced raising almost $400 million for 5G research after last week signalling accelerated deployments, including $220 million from the Nordic Investment Bank (NIB) and $150 million from AB Svensk Exportkredit.

The funds will be used to support Ericsson’s 5G, mobile, and Internet of Things (IoT) research and development (R&D) activities, the networking giant said, with the credit agreements to mature in 2023 and 2025, respectively.

Of the amount named, $98 million will replace credit from NIB that was due to mature in 2019.

“As part of our focused strategy, we are increasing our investments to secure technology leadership in 5G, IoT, and digital services. Already now, we have 38 operators engaged with us on developing and preparing for 5G networks. This is more than any other company,” Ericsson CTO Erik Ekudden said.

“In the coming years, we will see 5G networks going live around the world, with major deployments from 2020, and we believe that there will be 1 billion 5G subscriptions by the end of 2023.

“The technologies that we are investing in are fundamentally changing the way we innovate, collaborate, produce, live, and do business.”

This month alone, Ericsson was chosen to build the 5G networks of mobile carriers Deutsche Telekom and Verizon, while also running trials with AT&T in Texas and KDDI in Japan, and joining the Australian government’s 5G working group.

Ericsson last week also completed several global 5G New Radio (5G NR) interoperability trials following the 3GPP standardisation of non-standalone…