The top OEMs saw their wireless infrastructure revenues grow 3.7 percent in the third quarter, growing to $12.2 billion, compared to the year-ago period, according to the research firm EJL Wireless.
The infrastructure market saw a sequential decline because of the drop off related to the Beijing Olympics, but the sector continued to grow, the firm said. The report looked at the figures from a number of companies, including Alcatel-Lucent, Ericsson, Motorola, Nokia Siemens Networks, Nortel Networks and ZTE.
"Given the undeniable decline in cap ex spending by mobile operators due to the global financial crisis, we believe that weakness could continue into Q4 and that overall revenues in USD may be flat to down 1-2 percent for 2008 compared with our prior outlook of 5-7 percent growth," said Earl Lum, the president of EJL.
The news from the infrastructure market has not been universally positive. Nokia Siemens said it would continue to trim jobs as it restructures, Nortel posted a huge lost and said it was cutting 1,300 jobs. Although Alcatel-Lucent improved its financial position in the quarter, it still posted a net loss.
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