ESKILSTUNA, Sweden—The Trump administration’s increasingly aggressive effort to cripple China’s Huawei Technologies Co. has presented Ericsson AB the opportunity to lead the rollout of 5G technology around the world.
The Swedish company is emerging as the steadiest player in the $80-billion-a-year cellular-equipment industry, telecommunications executives and analysts say, because it makes a technically advanced product that one rival, Nokia Corp., was late to develop and that Huawei may not be able to make in the future because…