Ericsson says Vodafone's investment boost will make Europe 'fun'

By Paul Sandle BARCELONA (Reuters) - Network gear maker Ericsson said Vodafone's plan to ramp up spending on its network could prompt other network operators to follow, making Europe fertile ground for the Swedish company and its rivals. "It would be fantastic if we could get to, let's say, half of the dynamics that we have experienced in the U.S. market," Chief Financial Officer Jan Frykhammar said at the Morgan Stanley Technology, Media and Telecoms conference. "(Then) it will be fun to be a vendor and an investor in Europe. But we are not there yet." Europe has fallen behind the United States and parts of Asia in rolling out fast mobile broadband for customers using smartphones and other devices, but Vodafone's move could mark an improvement in gear makers' prospects.



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