Ericsson to invest $100M annually in India

By agencies   |   Tuesday, 07 February 2006, 20:30 IST
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NEW DELHI: Swedish telecom equipment giant, Ericsson, committed $100 million annual investment in India for the years to come, as the country was an important market for the company. Commenting on company’s roadmap and future investments in India, Ericsson India's Country Head Mats Granyrd said, “We are committing an investment of $100 million every year and we shall continue to do so as long as we are getting returns on our investment. We view India as one of the very potential market for telecom services, be it mobile or wireline broadband and this may continue for some more years.” Both in the GSM mobile arena as well as rolling out wireline broadband infrastructure Ericsson has a substantial market share with claims of about 40 percent. Ericsson's future plans would be offering platform for triple play by telecom operators enabling them to offer voice, broadband and video (cable) on a single line and also live broadcast feed on mobile phones. The company is in talks with various operators including state owned MTNL, Bharti and VSNL. Granyrd said, “We are delighted to be partnering with wireline and wireless telecom service providers to usher in the broadband revolution in India.”