Hans Vestberg, President and CEO of Ericsson speaks to us

We had the immense pleasure of having President and CEO of Ericsson, Hans Vestberg speak on the most important issues on his mind and close to his heart. He remarked how wonderful it was to "bring the most intelligent in the world together", he was hugely impressed by the "diversity of the group which delivered fantastic results".

Vestberg took over as CEO in January 1, 2010 and considers the role of communication as the single most relevant platform in the world. "In 1876, Lars Magnus founded Ericsson, 130 years later, communication is still relevant". His number-shattering example of during Chinese New Year, 2010, "2.3 billion sms text messages were exchanged, and of course, this traffic was handled by Ericsson".













The 5th technological shift that has taken place over the last 200 years that Vestberg spoke about alludes to the fantasy which bears no limitation.

Vestberg illustrated how a camel buyer who would travel 3 days to sell his camel now needs only an sms to figure out demand and can fetch a higher price for his stock displays the power of instant communication and how this can help solve one of the world's biggest problem of poverty. Clearly, this has significantly changed the lives of many.

Vestberg was emotional when he spoke of how attendance in schools in India jumped signficantly because the parents were now comforted by the tracking abilty of mobile devices.