Ericsson remains focused on two key segments – mobile infrastructure and telecom services, said Hans Vestberg, Ericsson’s President & CEO, speaking at the company’s Annual General Meeting of shareholders. Ericsson is the clear leader in market share for both of these areas. There are five segments of investment for future growth: IP networks, Cloud, OSS & BSS, TV & media, and Industry & Society.
“In this transforming industry we need to stay ahead of the curve and lead the change in order to capture the opportunities that this brings for us as an ICT partner”, said Vestberg. “Our customers need to innovate in order to grow their revenues; they need to transform their IT systems in order to capture efficiency gains and enhance the user experience; and they need to evolve their networks in order to meet current and coming requirements and the introduction of new services and applications.
Ericsson now has 118,055 employees. About 15,000 employees left the company during 2014, but 19,000 employees were added.
Ericsson highlighted its advancements towards 5G, including the new Ericsson Radio System, and new networks software capabilities. The new Ericsson Radio System features multi-standard, multi-band and multi-layer technology. It delivers three times the capacity density with 50 percent improvement in energy efficiency compared to current systems. It is fully backward-compatible with Ericsson’s existing RBS 6000 portfolio and offers the ability for network operators to upgrade their current sites with a simple “one-bolt” installation an zero floor footprint.
An archived webcast is online.
