Global networking giant Ericsson reported a sales increase in the Middle East of 44 per cent year-over-year and 44 per cent sequentially in the second quarter (Q2) of the year.

The yearly growth was driven by continued high investments in mobile broadband across the region while Support Solutions sales showed strong growth, especially in Operating Support Solutions (OSS).

“The potential for the Networked Society is rife in region Middle East, as LTE subscriptions are predicted to grow 50 times by 2020 reaching 210 million; which outpaces the global growth rate,” said Rafiah Ibrahim, president of Ericsson Region Middle East and East Africa.

“Our quarter on quarter growth of 44 per cent is a clear indication of the fast technological transformation that the region is currently witnessing.

“While network infrastructure remains at the core of our business, we are expanding into emerging areas of IoT, cloud based services, network security and agility to prepare for emerging innovations,” she added. – TradeArabia News Service