Ericsson forecasts steady growth for telecom equipment, services

Ericsson sees the global market for telecom equipment growing at 3% to 5% a year through 2016, with higher growth for telecom services, as carriers continue to deal with demand for data services. Lars Soederfjell of Aalandsbanken told Bloomberg Businessweek, "What you're seeing is some growth in the market, but I don't think the numbers will impress anybody. It'll be up to Ericsson to capitalize on this and improve profitability."

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