Tuesday November 13, 2007
Ericsson expects China revenue to grow more than 10% annually
MACAU (AP) - Sweden's Telefon AB LM Ericsson expects revenue from its Greater China operation to rise more than 10 percent a year in 2007 and 2008, the company's president for its China business said Tuesday.
"As mobile traffic continues to grow in China, the mobile operators will continue to expand network capacity, this will also boost the revenue for equipment vendors,'' Ericsson Greater China President Mats H. Olsson told Dow Jones Newswires in an interview on the sidelines of the GSMA Mobile Asia Congress.
The Greater China operation contributed about 7 percent of the company's total revenue in the first nine months of the year, Olsson said.
Ericsson accounts for about 35 percent of the network supply contracts for Chinese mobile operators, he said.
The company is the world's largest mobile network maker by revenue.
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