Ericsson set to boost subscribers to 50 million in Indian market
Swedish wireless and telephone equipment maker LM Ericsson AB has said it sees the growing Indian market reaching 50 million subscribers by year end, and it intends to outsource more of its research and development work to the country according to Indian press reports.
"India is one of the fastest telecom markets in the world and is of immense importance to us. We also continue to look at opportunities to outsource research and development work from India," said Bert Nordberg, president of Ericsson's business unit systems.