ERICSSON (M) Sdn Bhd expects local mobile telecommunications companies (telcos) to tighten capital expenditure this year as they consolidate operations, president and country manager Mats H. Olsson said.
“Capital spending is expected to be substantially lower than last year. The industry is going through a consolidation phase and telcos are expected to focus their resources on systems integration following recent mergers,” he told a media briefing, followed by a tour of Ericsson's new headquarters in Cyberjaya yesterday.
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