In its annual investor conference, Ericsson said it remains strongly focussed on restructuring efforts and new growth opportunities. The company expects that the market for mobile infrastructure will decline 10 to 15 percent during 2016 and a further decline of 2 to 6 percent in 2017. This year, Ericsson has seen a lower pace of operator investments in Europe, while the US remains stable and China has continued at a high level.
“We are forcefully executing our strategy to drive incremental profit improvements through greater efficiency, monetizing our installed base in Networks and building new revenue base in IT & Cloud and Media. Current focus is on speed, efficiency and fine tuning of strategy execution,” stated Jan Frykhammar, President and CEO.
Some highlights
A new company structure with three segments is now in place: Networks, IT & Cloud, and Media
Networks: addressable market of USD100 billion in 2016, with -2 to 0% CAGR growth 2016-2018
IT & Cloud: addressable market of USD100 billion in 2016, with 5 to 7% CAGR growth 2016-2018
Media: addressable market of USD12 billion in 2016, with 9 to 11% CAGR growth 2016-2018
Ericsson is seeing growing momentum in its partnership with Cisco
Every article published by Converge Digest is researched, curated, fact-checked and editorially reviewed by Jim Carroll, Editor & Publisher. AI-assisted drafting may be used to accelerate production, but all content is reviewed, refined and approved prior to publication.
You just read about Ericsson. One of the companies whose work it now carries:
Redback Networks built Broadband edge routers and subscriber management. What became of it?
Redback Networks brought Broadband edge routers and subscriber management to Networking. That work was distinctive enough to lead to its acquisition by Ericsson for US$2.1B. The standalone name now passes into the archive — but the team and technology continue inside Ericsson today. One of 430 names here whose work outlived the company.
You just read about All. A technology from the archive that helped get us here:
Google/Alphabet Project Loon served 2011–2021. What ultimately replaced it?
Google/Alphabet Project Loon solar-powered balloons drifting in the stratosphere (~20 km), steering by rising and falling into different wind layers, relaying LTE from ground stations to phones far below. Its job passed to Unit economics — but the problem it solved, and the ideas it proved, live on in what replaced it. The standard rests here in the archive. One of 198 technologies here that opened a door and then held it for the next.
“We are forcefully executing our strategy to drive incremental profit improvements through greater efficiency, monetizing our installed base in Networks and building new revenue base in IT & Cloud and Media. Current focus is on speed, efficiency and fine tuning of strategy execution,” stated Jan Frykhammar, President and CEO.
