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Fredrik Jejdling, EVP and Head of Business Area Networks, Ericssondrawn) provided a cautiously optimistic outlook for the vendor’s business in the fourth quarter and beyond.
executive said mobile world live Growth in North America was beginning to plateau as the three largest US carriers reached advanced stages in their respective 5G deployments. The market has been a key driver for Ericsson in recent years, but the vendor continues to see success in other key markets, including a recent deal in India, Jejdling said.
With fixed-line copper or FTTH infrastructure in short supply in India, fixed wireless access (FWA) networks are ripe alongside pure mobile 5G as a means of delivering broadband connectivity.
Another aspect related to India is the huge demand for mobile services. Jejdling noted that the Covid-19 (coronavirus) pandemic has encouraged the use of wireless technology to access information and medical care during the crisis. All these he was handled by the 4G network.
The progress in the third quarter is a testament to Ericsson’s continued investment in technology, Jejdling argued, noting that alternative approaches to infrastructure are cost-effective offered by the vendor’s “high-quality integrated solutions.” pointed out that the advantages of
He did not rule out future changes in strategy, but explained that this would be driven by the business case. It’s my job to understand.It may sound trivial, but it really is.”
“Ultimately, our customers are sophisticated buyers and we work very closely with them on this.
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In its third-quarter earnings call, CEO Borje Ekholm fleshed out Jejdling’s view, pointing out that Ericsson’s share of the global RAN market, excluding mainland China, is 39%.
Ekholm predicts that the acquisition of customers outside of North America will “lead to overall growth in 2023,” and given that less than 25% of the world’s LTE nodes have been upgraded to spectrum, mid-band 5G infrastructure He points out that there remains a great opportunity to provide
The vendor’s net profit was SEK 5.4 billion ($482.4 million), down 7% year-on-year, while revenue was SEK 68 billion, up 21%.
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