Ericsson Still Bullish on Iraq

By John Lee.

Tarek Saadi, President of Ericsson's North Middle East Region, has said his company remains bullish on Iraq despite the threat of terrorism.

Speaking on the sidelines of a trade event, he said:

Iraq is one of the more important markets for Ericsson in the Middle East ... We still believe in the long terms prospects of the country.

“We believe 3G [will] be a long term revenue driver to the operators and to Ericsson.”

 According to the report from Gulf News, he did however admit that his “very bullish” outlook for the country had been moderated.

The company works with all three operators in Iraq -- Asiacell, Korek and Zain, with which it has a network management contract -- and Saadi says its operations have not been largely affected by the increasing instability in the country.

(Source: Gulf News)

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