European Communications – 2017: Good news in store for content, G.fast, bad for Ericsson, security
Infrastructure vendors had a tough 2016. Ericsson in particular had a year to forget, with profit warnings, job cuts and the departure of CEO Hans Vestberg among the headlines.
John Strand, CEO of Strand Consult, does not see it getting any better over the next 12 months.
“Ericsson’s crisis is greater, deeper, and more extensive than that experienced by Nokia and Alcatel-Lucent, he says.
“It’s possible that 2017 will bring the worst news in Ericsson’s 140-year history.”
Bengt Nordström, CEO of Northstream, strikes a more upbeat tone: “Operators are keen to maintain the balance of power between the top three global vendors.
“This will lead to a stabilisation in market share and ease the price pressure for infrastructure vendors.”