Barcelona, Spain -The world's largest telecoms manufacturer insisted there was no "crisis" in the phone business despite the worldwide economic slump, as the industry's main trade fair opened in Barcelona on Monday.
"There is no telecoms crisis," Ericsson's chief executive Carl- Henric Svanberg told reporters at the Mobile World Congress.
Mobile networks are suffering from fluctuating exchange rates, and with it how much companies can charge, but the telecoms business was not shirking the challenge of the downturn.