Shares of Ericsson (STO: ERIC) closed the week 4.5% higher after the Swedish telecom-equipment maker managed to secure four lucrative 5G contracts in Canada and Germany. The latest surge pushed the price action to hit a new 5-year high above the 100.00 handle. Fundamental analysis: Ericsson raising its game against Huawei Ericsson has made further gains this week after it was revealed that it secured a contract with Bell Canada. Ericsson had recently signed a 5G contract with one of Canada’s largest wireless carriers, Rogers Communications. The Canadian telecom opted for Ericsson in the end despite using Huawei’s 4G infrastructure
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