So this is important for us to be part of that. I would say the most recent ones, we are the main supplier to all of them. This of course important parameter for us as we are main suppliers for many of these consolidators. But we're seeing the newest cross-border and in-country. We're also seeing, in this quarter, consolidations maybe not Europe where it might be even more important. And the underlying usage of the networks, that is continued to be an important parameter for us. But it was more important in, of course, the fundamentals in the industry, the long term and the usage of the networks, how is the usage happening. We are close to our customers to see what's happening. But it's just that you need to highlight this. Part of Europe being slower than some other markets, especially the ones that have some political unrest or impacted investing lower at the moment. We have the same patterns as we've had before. We also saw some flagship brands coming out with 4G phones, which also is, of course, solidifying that this is an industry where smartphones will be extremely important in the future.Īnd when it comes to the macroeconomic situation as we all can see and read, there are of course some further slowdown and projections for the future. We also passed in the quarter 1 billion smartphones and was, I will say, that is a remarkable of course, development on that type of evolution. Johan will talk a little bit more about that later on. And this is also very important for us because this is what we have been focusing on as a company, both from technology and from a service point of view to support the customer in. This, of course, driven that consumers expect a very good experience when it comes to using their smartphones all around the world. It's happening quite a lot in the industry for the moment.īut let me start with that we see a growing interaction with our customers when it comes to focus on network performance as a key differentiator. It's, of course, quite difficult to boil them down. Let me start to summarize a little bit about the key developments in the quarter, some a little bit longer term and some shorter term. And so with this said then, I hand over the call to Hans Vestberg. I also encourage you to read about these risks and uncertainties in our earnings report and our annual report. The actual results may differ materially due to factors mentioned in today's press release and discussed in this conference call. These statements are based on our current expectations and certain planning assumptions, which are subject to risk and uncertainties. We'll be making forward-looking statements. You're all very welcome to our call today where we will comment on our third quarter report.Īnd with me here today I have Hans Vestberg, President and CEO of Ericsson Jan Frykhammar, Chief Financial Officer and Johan Wibergh, who is Head of our business unit Networks and then we have Magnus Mandersson, Head of our business unit Global Services.Īnd then to start with, I have to make the usual reminder that we do in the call today. Thank you, operator, and hello, everyone.

Richard Kramer - Arete Research Services LLP

Deshpande - JP Morgan Chase & Co, Research Division

Gardiner - Barclays Capital, Research Divisionįrancois Meunier - Morgan Stanley, Research Division Mark Sue - RBC Capital Markets, LLC, Research DivisionĪndrew M. Odon de Laporte - CA Cheuvreux, Research Division Schafer - Goldman Sachs Group Inc., Research Division Matthew Hoffman - Cowen and Company, LLC, Research Division Bernstein & Co., LLC., Research DivisionĪlexander Peterc - Exane BNP Paribas, Research Division Jan Frykhammar - Chief Financial Officer, Executive Vice President and Head of Group Function Finance Magnus Mandersson - Executive Vice President and Head of Global Services Business Unit Johan Wibergh - Executive Vice President and Head of Business Unit Networks Hans Vestberg - Chief Executive Officer, President and Director Åse Lindskog - Head of Investor & Analyst Relations and Vice President Ericsson ( NASDAQ: ERIC) Q3 2012 Earnings Call Octo8:00 AM ET

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