Ericsson Middle East Records 44% Increase in Sales for 2nd Quarter

Ericsson Middle East Records 44% Increase in Sales for 2nd Quarter Image Credit: Ericsson

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.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

PREVIOUS POST

Nokia Records 60% Increase in Q2 Profits on the Back of Strong Growth in Core Network Sales

NEXT POST

Ciena Reports $692 million in Revenue in Q4

THE EDITOR'S DESK

UPCOMING EVENTS

Telco AI Summit Europe 2019

TADSummit 2019

MWC Los Angeles 2019

The Digitrans Forum 2019

Digital Transformation Asia 2019

Open Edge Symposium 2019

 

ON TWITTER

ON FACEBOOK