Ericsson CEO Hans Vestberg on ICT Transformation

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    Mobility, Broadband and Cloud – three pillars of transformation

    Ericsson’s CEO Hans Vestberg provides overview of Ericsson’s vision of ICT transformation to meet tomorrow’s needs.
    Vestberg highlighted the following areas of focus:

    • Mobile Infrastructure – #1 in the world
    • Services – Over 10 years, over 40% of revenue from “people business”.  Running 1 billion mobile subscribers have been outsourced to Ericsson. Over 60,000 employees at Ericsson work in services
    • OSS/BSS – #1 in the world
    • TV Media – #1 in the world
    • IP – not number one, but very important in ICT transformation

    Ericsson has left the phone and modem businesses; however, they are investing over $ 5 billion annually in R&D.
    What is happening in the industry?

    • 7.2 billion mobile subscriptions over the past 25 years
    • 3 billion mobile broadband subscribers over past 5 years.  Over the next 5 years, pace of change and innovation will accelerate, resulting in over 9 billion subscribers by 2019.
    • Majority of people subscribing to mobile broadband today are starting with smart devices.
    • Existing networks were built for voice over the past 25 years. In 2010, voice was equal to data. Over the next 5 years, voice will be “noise”.
    • Over the next 5-10 years, we will have some 50 billion connections – people, places, devices.