Ericsson invests $ 7 billion in Sub-Saharan Africa

Ericcson AB plans to spend about $7 billion on projects in sub-Saharan Africa by 2020, Jonas Stringberg, the company’s chief financial officer for the region, said.

The Stockholm-based company sees an opportunity in Africa for mobile devices because of the poor connectivity of fixed- line phones, Stringberg said today at a conference in Gaborone, Botswana’s capital.

The company, part of a business delegation from Sweden visiting the southern African country, is doing research on how to boost connectivity in rural communites in Kenya, he said.

Source: bloomberg.net

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