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Executive Director, Ericsson: now the company is strong as ever

Friday, April 24, 2009

At the annual meeting of shareholders of the executive director of Ericsson, Carl-Henrik Svanberg (Carl-Henric Svanberg) said that since 2003 his company is developing a faster pace of the market, which accounted for 12%, and all this thanks to telecommunications, which play an increasingly important role in the development of society , the stability and quality of life.

At the meeting it was noted that over the past six years, Ericsson has taken a leading position in the global market for mobile networks and services for network operators. According to analysts, turnover in the period from 2003 to 2008 was to increase from 117 to 130 billion SEK. In fact, the turnover of Ericsson in the year 2008 amounted to 209 billion Swedish kronor, while the volume of daily sales - about 1 billion SEK.

«We are in the way of constructing the new IP-networks and networks of today's fixed and mobile telecommunications, - said Mr. Svanberg. - We have no debts, and by the end of the year our cash resources amounted to 35 billion SEK. Our company is not funded by customers and is serious measures to reduce costs. We are leaders in the market and heads the technological race. And while the world is going through difficult times, with Ericsson continues to be a solid position ».

To date, 4 billion people use mobile phones, but among them only 10% of subscriptions to mobile broadband access. In many countries, the development of the telecommunications industry is seen as an important political task. In the United States the development of broadband access has been included in the latest package of incentives, while in China, realized the largest in the history of the industry projects.