Ericsson CEO sees IPTV driving network traffic, demand |
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Wed, 11 Apr 2007 18:35
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STOCKHOLM (Thomson Financial) - LM Ericsson AB's chief executive Carl-Henric Svanberg said multimedia applications, especially IPTV networks and broadband access, are the main trends within the telecommunications industry, and that Ericsson is well positioned to tap their full potential.He made the statement at the company's AGM today.'IPTV will drive traffic and generate more equipment needs as well as exciting opportunities in services and multimedia,' Svanberg said.He said that in this context, the recent acquisitions of Entrisphere and Redback Networks, that of Marconi last year and the bid for Tandberg Television, have special relevance as they round out the Ericsson's product portfolio in the fields of IPTV, optical broadband access and IP routing.This year 3 bln people will have a mobile phone and Ericsson expects that figure to grow to 4 bln before 2010.TF.TFN-EuropeStockholm@thomson.comhc/jfrCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Ericsson bids 106 nkr/shr cash for Norway's Tandberg Television UPDATE 