Ericsson to make $100m yearly investments in India

Network equipment maker Ericsson has committed to invest $100 million annually in India, after disclosing that it sees the country an 'important market with potential,' an Asia Pulse report said.

'We are committing an investment of $100 million every year and we shall continue to do so as long as we are getting returns on our investment,' Ericsson India country chief Mats Granyrd, quoted by the Asia Pulse report, said. 'We view India as one of the very potential market for telecom services, be it mobile or wireline broadband and this may continue for some more years.'

The company also disclosed its future plans, which would include offering a platform for triple play by telecom operators, enabling them to offer voice, broadband and video on a single line and also live broadcast feeds on mobile phones.

The report said the company was in talks with various operators, including state owned Mahanagar Telephone Nigam, Bharti, and Videsh Sanchar Nigam for the project.