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FinancialNews


  • 03-12-10

    Ericsson sets a 5-year plans to double ME revenues

    (MENAFN) Ray Hassan, Ericsson's president for the GCC region revealed that the world's largest maker of mobile network equipment has set a five year plan, ending 2015, to double its revenues in the Middle East region, Arabian Business reported. The Sweden based telecom giant considers the Middle East as a prime region for expansion, since it is not yet as mature as the western markets, explained Hassan. It is worth noting that the Middle East region currently accounts for only a tenth of Ericsson's global revenues.

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