Ericsson ready for new era of global comms, says CEO

During Ericsson's Capital Markets Day in Stockholm, president and CEO Carl-Henric Svanberg highlighted the company's strong competitive position in a new era of global communication.

"Our way of communicating is changing rapidly with the rollout of mobile and fixed high-speed broadband," said Svanberg. "As a result, we expect traffic in fixed as well as mobile networks to grow tenfold by 2012. With high-speed broadband, we will see multimedia to start a new era in telecom."

Svanberg emphasized that this new era sets additional demands on both operators and vendors; for vendors, consumer understanding will become even more critical and IP competence will be crucial as it paves the way for triple play and multimedia services. Convergence also increases network complexity, setting systems integration skills in focus. In this environment, telecom grade will remain a critical competence.

"Key success factors for vendors will be technology leadership in combination with global presence and operational excellence. Our firm intention is to continue to outperform competition, gaining growth and market share in this exciting market environment," he said.