ID :
46420
Thu, 02/19/2009 - 17:45
Auther :
Shortlink :
https://www.oananews.org//node/46420
The shortlink copeid
India`s telecom market on par with US, China: Ericsson
Sunil Batra
Barcelona, Feb 19 (PTI) With nearly 10 million new phone
connections being added every month, India, which at present
is on par with developed markets like the US and China, may
become the fastest growing market for multinational telecom
equipment vendor Ericsson.
India is contributing eight per cent of our revenues,
which is on par with North America and China, Ericsson
President and CEO Carl-Henric Svanberg told PTI in an
interview.
Last year, Nokia -- the world's largest cell phone maker
-- had announced that India surpassed the US to become the
second biggest market for the company after China.
Ericsson, a Swedish telecom vendor, is a leading network
provider adding a base station (used by mobile operators for
offering wireless services) in India every nine minutes on
behalf of different service providers like Airtel, Vodafone,
Idea and BSNL among others.
Ericsson has a manufacturing facility in Rajasthan.
Asked whether Ericssons operations in India were affected
due to the global slowdown, Svanberg said the company has
witnessed several crisis in different countries but this time
it is coordinated in nature affecting the markets worldwide.
Ericsson, which embarked upon a major cost cutting
exercise, saved 6.5 Swedish dollars in 2008 and has targeted
further savings to the tune of 10 billion Swedish dollars in
the next 18 months.
"I think we can weather the tough times... every crisis
also gives you a lot of opportunities at the same time," he
added.
Ericsson is pinning hopes on 3G mobile telephony, which
has been delayed due to differences between the Telecom and
Finance ministries over the reserve price of the spectrum.
However, at the same time the company is also looking at
opportunities even in the existing 2G services with new
operators yet to roll out networks across the country.
Asked whether Ericsson would be interested in serving the
new operators especially at a time when most of the companies
are facing severe credit crunch and take a potential risk,
Svanberg said, "we are working in 175 countries... each
operator has a unique financial situation and back up."
"We have over the years lost very very little. These are
always negotiated deals and we will not take any unrealistic
risk," he said. PTI
Barcelona, Feb 19 (PTI) With nearly 10 million new phone
connections being added every month, India, which at present
is on par with developed markets like the US and China, may
become the fastest growing market for multinational telecom
equipment vendor Ericsson.
India is contributing eight per cent of our revenues,
which is on par with North America and China, Ericsson
President and CEO Carl-Henric Svanberg told PTI in an
interview.
Last year, Nokia -- the world's largest cell phone maker
-- had announced that India surpassed the US to become the
second biggest market for the company after China.
Ericsson, a Swedish telecom vendor, is a leading network
provider adding a base station (used by mobile operators for
offering wireless services) in India every nine minutes on
behalf of different service providers like Airtel, Vodafone,
Idea and BSNL among others.
Ericsson has a manufacturing facility in Rajasthan.
Asked whether Ericssons operations in India were affected
due to the global slowdown, Svanberg said the company has
witnessed several crisis in different countries but this time
it is coordinated in nature affecting the markets worldwide.
Ericsson, which embarked upon a major cost cutting
exercise, saved 6.5 Swedish dollars in 2008 and has targeted
further savings to the tune of 10 billion Swedish dollars in
the next 18 months.
"I think we can weather the tough times... every crisis
also gives you a lot of opportunities at the same time," he
added.
Ericsson is pinning hopes on 3G mobile telephony, which
has been delayed due to differences between the Telecom and
Finance ministries over the reserve price of the spectrum.
However, at the same time the company is also looking at
opportunities even in the existing 2G services with new
operators yet to roll out networks across the country.
Asked whether Ericsson would be interested in serving the
new operators especially at a time when most of the companies
are facing severe credit crunch and take a potential risk,
Svanberg said, "we are working in 175 countries... each
operator has a unique financial situation and back up."
"We have over the years lost very very little. These are
always negotiated deals and we will not take any unrealistic
risk," he said. PTI
