Mobile network equipment maker Ericsson said on Wednesday it was sticking to a forecast for market growth made earlier this year and that it was increasing its market share.

The company made the comments in a statement released for its capital markets day presentation for investors.

Market outlook provided in May 2011 remains, the company said.

It said Ericsson had increased its market share in mobile infrastructure from 32 percent in May 2011 to an estimated 36 percent and that it was now 100 percent larger than player number two.

The company said that chief executive Hans Vestberg would also say that growth rates would vary between years.

...as stated in the third quarter report, with economic uncertainties in parts of the world, Ericsson cannot exclude somewhat more cautious short-term operator spending, it added.

Electronics