Ericsson aims to double Mideast revenues by 2015

Ericsson five year plan to double revenue from network infrastructure

Tags: Ericsson
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Ericsson aims to double Mideast revenues by 2015 Ericsson sees a lot of opportunity in the Middle East, says Hassan.
By  Shane McGinley Published  December 4, 2010

Ericsson, the world's largest maker of mobile network equipment, is aiming to double its revenue in the Middle East over the next five years, the Swedish telecoms giant said in Dubai this week.

"As Ericsson we have a five-year vision to double our revenues and of course each region has to do something similar," Ray Hassan, Ericsson's president for the GCC region, told the Zawya Dow Jones news agency on the sidelines of a conference in Dubai.

"We see a lot of opportunity in this region [Middle East] because it is not as mature as the western markets," he said, adding that the region currently accounts for only a tenth of the company's global revenues.

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