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: Sony forecasts $2 billion loss, cites weak mobile

add to favorites email to friend print save as pdf

Related Stories

For top broadband policy, look no further than Canada

Aug 20, 2014

You might have seen communications minister Malcolm Turnbull raising the issue about Australian press not discussing policy problems and solutions from overseas, in a speech delivered at the Lowy Institute Media Awards last week: ...

Review: Huawei's Mate2 phone good at $299

Jun 12, 2014

Mention Huawei in the U.S., and you're likely to get a blank look. Either that person has never heard of the Chinese phone maker or has heard something about security concerns raised by lawmakers in Washington.

Recommended for you

Alibaba post-IPO structure gives insiders control

30 minutes ago

Control over Alibaba Group will stay in the hands of founder Jack Ma and other company veterans after the Chinese e-commerce giant goes public on the New York Stock Exchange in a record busting share sale.

User comments : 0