Home / Ericsson aims to double Mideast revenues by 2015

Ericsson aims to double Mideast revenues by 2015

Ericsson five year plan to double revenue from network infrastructure

Ericsson aims to double Mideast revenues by 2015
Ericsson sees a lot of opportunity in the Middle East, says Hassan.

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.

Follow us to get the most comprehensive technology news in UAE delivered fresh from our social media accounts on Facebook, Twitter, Youtube, and listen to our Weekly Podcast. Click here to sign up for our weekly newsletter on curated technology news in the Middle East and Worldwide.