The Quotes are Powered By Forexpros, the Forex, Futures, and Stock Markets Portal.

Ericsson builds data centre in Sweden and North American

Monday, 02 September 2013
Telecoms giant Ericsson is to invest Skr7 billion in three new so-called data centres of which two will be based in Sweden.
In a press release, Ericsson says it is planning to invest approximately Skr7 billion in the coming five years to build three global ICT Centers. Two will be located in Sweden – in Stockholm and Linköping, while the third one, will be based in North America, located in Canada, in Montreal, Quebec.

The centres will be located close to Ericsson’s main R&D hubs and will be the new platform for more than 24,000 Ericsson R&D engineers around the world, supporting their lean and agile ways of working. Team of experts will be able to collaborate beyond borders more easily and efficiently.

“This is an important signal to show that Ericsson wants to be long term in Sweden,” says Minister for Finance Anders Borg.

The relatively large secrecy tied to the invitation to the press shortly after noon at the Ericsson headquarters in Kista was surprising to the press corp. one key thing that emerged from the invitation was Ericsson CEO, Hans Vestberg standing with the Swedish finance minister, Anders Borg as the novelty project was being introduced.

At the well-attended press conference, Hans Vestberg revealed that the telecom company is planning to build three new global data centres as explained above.

Hans Vestberg, President and CEO of Ericsson, said “The new ICT Centers are examples of Ericsson’s passion for driving the development of the industry. Great ideas come from collaboration, and at these centres we will push the boundaries of possibility on next generation technology and services. Flexibility enabled by new ways of working will realize innovation faster to the market and to our customers.”

The message was welcomed by a noticeable Finance minister: “It’s great fun to be able to personally be here when this major investment pledge goes public. Ericsson is taking a huge responsibility and show that they believe in the long term, Sweden, “said Anders Borg, who assured that the government world provide some financial subsidies due the billion investment.

The two ICT Centers in Sweden will begin initial operations from the end of 2013 and from end of 2014 respectively and the North American ICT Center from early 2015.

Ericsson has its main research activities in Sweden with over 9000 employees.
by Scancomark.com Team