At Ericsson's Annual General Meeting, President and CEO Hans Vestberg reviewed financial results and discussed strategic decisions made throughout 2011, which he told shareholders will ensure continued technology and services leadership for the company.
Vestberg gave an overview of Ericsson's focus areas: mobile broadband, managed services, and OSS/BSS (Operations Support Systems and Business Support Systems). Business Unit Support Solutions, formerly Multimedia, has defined a new strategy in 2012 that builds on OSS/BSS, TV and media solutions as well as M-Commerce.
With regard to ST-Ericsson, Vestberg told shareholders that the company has presented a new business strategy and announced steps to return to profitability.
