This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Ericsson Sets Agenda For Transformation Of Industries Through 2014

Stocks in this article: ERIC

  • At Mobile World Congress 2014 in Barcelona, Ericsson President and CEO Hans Vestberg talks about growth opportunities for mobile operators while foreseeing an even more data-centric world, demanding superior network performance
  • Vestberg summarized new capabilities from Ericsson to support its customers in transition to the new world, covering hardware, software, and services
  • Commitments confirmed for trials of Ericsson Radio Dot System to major service providers in Europe, Asia, North America and Africa
  • Transformation across industries drives new models of partnership and innovation

STOCKHOLM, Sweden, Feb. 24, 2014 (GLOBE NEWSWIRE) -- Ericsson (NASDAQ: ERIC), in its opening-day media and analyst briefing at Mobile World Congress in Barcelona, asserts its leadership in technology and services in an increasingly data-centric world.

The company's President and CEO Hans Vestberg recapped 2013, when more than 55% of all phone shipments were smartphones and LTE subscriptions reached 200 million. Vestberg says: "The early days of the Networked Society are here. We use our smartphones to work, live, and entertain ourselves in more powerful ways every day. That demands networks that provide superior performance, and our leadership across generations of technology - from fixed to wireless to LTE-Advanced and, in the future, 5G - contributes to our ability to deliver that to our customers."

New measurements from Ericsson show that half of all LTE smartphone traffic goes through Ericsson networks and the company is ranked number one for LTE market share in the world's top 100 cities.

Additionally, the company's number one position in Services is extended with a new launch of Telecom Cloud Transformation, which provides consulting and systems integration for operators. With 43% of Ericsson's sales coming from Services, the business area is playing a key role in the company's own transformation.

While the world becomes more data-centric, networks are undergoing IT and telecom convergence. Evidence of Ericsson's continuous focus on IP and industry-leading network technology and services is the recent announcement of the strategic agreement with packet optical-network provider Ciena. Mobile and fixed systems require a superior transport network, and IP -optical convergence plays a key role in this transition.. The agreement allows Ericsson to grasp this growth opportunity by strengthening its portfolio with integration between Ciena's optical technology and Ericsson's IP and SDN technology.

1 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs