Ericsson cites 35% annual growth in mobile broadband subscribers

Ericsson (NASDAQ: ERIC) said its latest count revealed 35 percent year-on-year growth in the number of mobile broadband subscribers during the second quarter of 2014, with the total reaching 2.4 billion. In an interim update to its regular Ericsson Mobility Report market analysis, the Sweden-headquartered vendor estimates that 140 million mobile broadband subscriptions were added globally in the quarter. In addition, the popularity of smartphones, and the greater availability of WCDMA, HSPA and LTE networks, helped fuel a 60 percent year-on-year rise in mobile data traffic in the quarter. For more, see this FierceWirelessEurope article.