Ericsson strong on broadband, mobiles

May 10, 2006

Strong demand for broadband worldwide and for mobile phones in developing countries is keeping the telecom industry strong, the head of Ericsson said.

"Broadband is becoming a basic necessity in today's information society, and it is now the fastest growing segment in the entire telecom industry," said Chief Executive Carl-Henric Svanberg at a New York industry conference. "The strong subscriber growth continues in both mobile networks and in fixed broadband. Indeed, we will reach three billion mobile subscriptions by 2007."

"Ericsson stands to benefit from the growth of broadband in the coming years. We have a leading position in WCDMA and HSPA and will continue to drive the upgrade to mobile broadband. With the Marconi portfolio we have expanded our offering to secure a leading position in transport and transmission. We have also strengthened our position significantly in fixed broadband access," he added.

Copyright 2006 by United Press International

Explore further: Out-of-patience investors sell off Amazon

add to favorites email to friend print save as pdf

Related Stories

Microsoft beefs up security protection in Windows 10

42 minutes ago

What Microsoft users in business care deeply about—-a system architecture that supports efforts to get their work done efficiently; a work-centric menu to quickly access projects rather than weather readings ...

US official: Auto safety agency under review

13 hours ago

Transportation officials are reviewing the "safety culture" of the U.S. agency that oversees auto recalls, a senior Obama administration official said Friday. The National Highway Traffic Safety Administration has been criticized ...

Out-of-patience investors sell off Amazon

13 hours ago

Amazon has long acted like an ideal customer on its own website: a freewheeling big spender with no worries about balancing a checkbook. Investors confident in founder and CEO Jeff Bezos' invest-and-expand ...

Ebola.com domain sold for big payout

13 hours ago

The owners of the website Ebola.com have scored a big payday with the outbreak of the epidemic, selling the domain for more than $200,000 in cash and stock.

Recommended for you

States ascend into the cloud

20 hours ago

Seven years ago, the state of Delaware started moving computer servers out of closets and from under workers' desks to create a consolidated data center and a virtual computing climate.

Microsoft drops Nokia name from smartphones

22 hours ago

Microsoft said Friday it was dropping the Nokia name from its Lumia smartphones, rebranding following the acquisition earlier this year of the Finnish group's handset division.

Amazon's loss makes holidays a question mark

22 hours ago

Amazon's trademark smile icon is becoming more of a grimace. The world's largest online retailer reported a wider third-quarter loss than analysts expected and gave a disappointing holiday forecast.

Ericsson profit down 10 pct despite higher sales

Oct 24, 2014

Wireless equipment maker Ericsson says its third-quarter earnings slumped 10 percent despite higher sales due to increased operating costs and negative effects from currency hedging.

User comments : 0