Singing Swede

Swedish mobile giant LM Ericsson's president and chief executive officer Carl-Henric Svanberg is very happy, reports Edgedaily.com:

At the media briefing just before the opening of CommunicAsia 2004, Svanberg told journalists that Ericsson sees a return to growth for the mobile industry and that Asia is the destination with the greatest prospects. He went so far as to describe Asia as the "world's greenhouse" for mobile communications, with two factors making it the most exciting region for growth — it has one of the world's lowest mobile penetration and it has the most advanced users.

The total number of global mobile subscribers today is around 1.34 billion and is expected to hit the two billion mark by 2008. About 80% of this growth is expected to take place in new high-growth markets in Asia-Pacific, China, Africa, Central and Eastern Europe, the Middle East and Latin America.