Ericsson expects mobile infrastructure market decline in 2017

17 January 2017

Ericsson's poor performance in 2016 led to the departure of its then CEO, Hans Vestberg.

Ericsson's poor performance in 2016 led to the departure of its then CEO, Hans Vestberg.

After last year’s dismal financial results which ultimately led to the departure of Hans Vestberg as its CEO in July, Ericsson is trying to reassure backers that it will continue to focus on accelerating its strategy execution and improve performance.

At its annual meeting of investors held in New York last November, the Swedish company said the total addressable market is expected to grow by one to three per cent in 2016-2018, despite an expected decline in the mobile infrastructure market by two to six per cent this calendar year.

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