Ampleon Netherlands B.V has invested $4 million via a convertible bond in Sivers IMA Holding AB in order to provide funding for the joint development of a 5G mmWave RF solution.

”Recently [30 November 2017] we announced that Ampleon and Sivers IMA join forces to develop a world class 5G mmWave RF solution. Today we are very pleased to share that Ampleon also will support this project with an investment, which will enable the use of the best possible technology and a quicker time to market for the joint solution” said Anders Storm, CEO of Sivers IMA.

5G is the next generation mobile telecommunications standard. There are today over 7.8 billion mobile subscribers on the mobile networks in the world. Ericsson 2017 mobility report estimates that there will be 1 billion new 5G subscriptions by the end of 2023.

The 5G infrastructure market is estimated at $2.86 billion in 2020 and it is further expected to reach $33.72 billion by 2026, at a CAGR of 50.9% between 2020 and 2026 according to 5G Infrastructure Market – Global Forecast to 2026 by Research and Markets.