Ericsson, Wednesday reported that the company's sales in the Middle East increased 44% year-over-year and 44% sequentially in the second quarter.
According to Ericsson, the yearly growth was driven by continued high investments in mobile broadband across the region while support solutions sales showed strong growth, especially in Operating Support Solutions (OSS).
Ericsson Middle East sales coverage includes UAE, Kuwait, Bahrain, Yemen, Oman, Qatar, KSA, Egypt, Sudan, Ethiopia, Djibouti, South Sudan, Somalia, Eritrea, Afghanistan, Lebanon, Jordan, Palestine, Syria, Iraq, Iran, Turkey and Pakistan.
Rafiah Ibrahim, President of Ericsson Region Middle East and East Africal
The potential for the Networked Society is rife in region Middle East, as LTE subscriptions are predicted to grow 50 times by 2020 reaching 210 Million; which outpaces the global growth rate. Our quarter on quarter growth of 44 percent is a clear indication of the fast technological transformation that the region is currently witnessing. While network infrastructure remains at the core of our business, we are expanding into emerging areas of IoT, cloud based services, network security and agility to prepare for emerging innovations.