Ericsson boosts infrastructure market share to 36%

Nov 09, 2011
Swedish telecom equipment maker Ericsson said on Wednesday its share of the global mobile infrastructure market has surged from 32 percent in May to 36 percent today.

Swedish telecom equipment maker Ericsson said on Wednesday its share of the global mobile infrastructure market has surged from 32 percent in May to 36 percent today.

In a statement issued ahead of its capital market day in Stockholm Wednesday, Ericsson said it in fact was now "100 percent larger than player number two" in the global mobile infrastructure market.

Ericsson president and chief executive Hans Vestberg was meanwhile set to reiterate the company's cautious outlook on short-term operator spending due to "economic uncertainties in parts of the world."

The company, which late last month said it was selling its 50-percent stake in Sony Ericsson along with all related patents and licences to Sony, said Wednesday patents and licencing would now "become a key revenue area with growth opportunities."

Last year, Ericsson, which said it counts some 27,000 granted patents, raked in a net profit of 4.6 billion kronor ($693.6 million, 507.1 million euors) on .

The Swedish company also said it today holds 11 percent of the global market, making it the world leader in the field where it was 40 percent larger than its closest competitor.

Ericsson's market day announcements did not impress investors, with the company's share price shedding 3.36 percent in later morning trading on a Stockholm stock exchange down 2.30 percent.

Explore further: Samsung delays Tizen smartphone sales launch

add to favorites email to friend print save as pdf

Related Stories

China's ZTE sues Swedish rival Ericsson

Apr 12, 2011

Chinese telecom equipment supplier ZTE said Tuesday it was suing a unit of Swedish mobile network giant Ericsson for patent infringement, escalating a legal dispute between the two rivals.

Sony Ericsson profits down in 3rd quarter

Oct 14, 2011

Mobile phone maker Sony Ericsson posted a break-even third quarter Friday - blaming the drop in earnings on higher taxes and lower margins - and announced that it is shifting its entire portfolio to smartphones next year.

Ericsson reports profit leap, shares slump

Jul 21, 2011

Swedish telecom equipment maker Ericsson reported Thursday a 65 percent jump in second quarter net profit on strong sales but this still fell short of expectations and its shares slumped.

Mobile broadband use to leap by 2015: Ericsson

May 05, 2010

The number of people using mobile broadband to access the Internet is expected to soar from around 400 million today to some 3.5 billion by 2015, Swedish telecommunications equipment giant Ericsson said on ...

Sweden's Ericsson suing Chinese rival ZTE

Apr 02, 2011

(AP) -- Swedish wireless equipment maker LM Ericsson on Saturday said it is suing Chinese rival ZTE Corp. for alleged infringement of several of its patents in handset and network technology.

Recommended for you

Amazon launches 3D printing store

9 hours ago

Amazon announced Monday the launch of an online store for 3D printed items to allow consumers to customize and personalize items like earrings, pendants, dolls and other objects.

Samsung delays Tizen smartphone sales launch

14 hours ago

Samsung Electronics said Monday it would postpone the roll-out of its new smartphone based on Tizen, a home-grown operating system aimed at breaking away from Google's Android system.

Chinese portal Sohu reports $45 million loss

17 hours ago

(AP)—Sohu.com Inc., operator of a popular Chinese Internet portal, said Monday it lost $45 million in the latest quarter while revenue rose 18 percent to $400 million.

User comments : 0