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Ericsson's Network Equipment Market to grow to between 3 and 5 percent 2012-2015
Tuesday, 06 November 2012
Swedish telecom and Network equipment vendor Ericsson AB reported on Tuesday that it expects the total network equipment market to grow at a compound annual growth rate of 3 to 5 percent a year between 2012 and 2015.
The company will also seek to carry out its continuation with cost cuts to boost profits, according to a press statement, during its investor day in Stockholm.
The company said telecommunications services is expected grow see a growth of some 5 to 7 percent and support activities by 9 to 11 percent in the same period, as it targets operating income growth of 5 to 15 percent.
The company said it will move from being a leading mobile infrastructure vendor to become a leading information and communications technology solutions provider in telecoms.
Read more details here - report on Ericsson's investment day
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