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STOCKHOLM, SWEDEN, May 14 (MARKET WIRE) --
Today at Ericsson's (NASDAQ: ERIC) Capital Markets Day in Stockholm, President
and
Chief Executive Officer, Carl-Henric Svanberg spoke about Ericsson's position
and the company's vision going forward which will increasingly focus on
broadband, multimedia services and network transformation.
Svanberg said: "We are advancing our vision now that basically anyone who
wants
a mobile phone will soon be able to have one. We envision an all communicating
world where the majority of people everywhere will have access to information
and
the ability to share it instantly, whenever and wherever they want. We aim
to do the same for broadband what we have already done for telephony - make
it mobile, available and affordable for the majority of the world's
population."
Ericsson anticipates that by 2013, there will be some 6.5 billion mobile
subscriptions and over two and a half billon broadband subscriptions of which
more
than two-thirds will be mobile. Growth of broadband implies increasing
demand for expanded network capacity and functionality going forward.
"Since the introduction of GSM fifteen years ago, network operators have
deployed
some three million radio base stations. Another couple of million radio base
stations will be needed over the next five years just to provide the network
coverage for the expected increase in mobile subscriptions. In addition, the
capacity and functionality of the current installed base will need to be
expanded and
upgradedto accommodate the continued growth anticipated for mobile broadband
traffic," said
Svanberg.
The management team emphasized Ericsson's technology leadership, scale
advantage and
global presence as essential to the company's ability to outpace the market
growth.
Ericsson is also preparing for future opportunities with increased R&D which
will amount to USD 25 b. over the next five years, and with an increasing
portion of R&D within software. This has been complimented with acquisitions
withinthe high growth areas of systems integration, multimedia, IP routing,
broadband
access and transmission.
The market trends in different regions and market dynamics were also
discussed
along with the challenges and opportunities that they bring to the company.
Ericsson had the honor to welcome Boris Nemsic, CEO Telekom Austria and
Mobilkom
Austria, and Mads Middelboe, CEO TDC Mobile Nordic, as speakers to the
Capital Markets Day.
Sony Ericsson's Executive Vice President and head of Sales Anders Runevad,
also
participated as a speaker.
Other featured Ericsson speakers at the Capital Markets Day included Hans
Vestberg, Chief Financial Officer; Kurt Jofs, Executive Vice President, head
of business unit Networks; Jan Frykhammar, Senior Vice President, head of
business unit Global Services and Jan Waereby, Senior Vice President and head
of
business unit Multimedia.
Ericsson is the world's leading provider of technology and services to
telecom
operators. The market leader in 2G and 3G mobile technologies, Ericsson
supplies
communications services and manages networks that serve more than 195 million
subscribers. The company's portfolio comprises mobile and fixed network
infrastructure, and broadband and multimedia solutions for operators,
enterprises and developers. The Sony Ericsson joint venture provides
consumers with feature-rich personal mobile devices.
Ericsson is advancing its vision of 'communication for all' through
innovation,
technology, and sustainable business solutions. Working in 175 countries, more
than 70,000 employees generated revenue of USD 27.9 billion (SEK 188
billion) in 2007. Founded in 1876 and headquartered in Stockholm, Sweden,
Ericsson is listed on the Stockholm and NASDAQ stock exchanges.
For more information, visit www.ericsson.com or www.ericsson.mobi.