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
Did you find this information helpful? If you did, consider donating.