Ericsson, the world's largest maker of mobile network equipment, has insisted that it can continue to outpace its rivals – including China's Huawei Technologies – thanks to its cutting-edge technology.
Hans Vestberg, Ericsson's incoming chief executive, told the Financial Times that the Swedish company was well-placed to grow faster than the market in the coming years.
Like its European rivals, Ericsson is reporting falling sales of equipment because mobile phone operators in western and emerging markets are cutting back on capital spending in the downturn.
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