An aggressive push by the telcos and mobile phone companies is likely to result in higher demand for mobile data with pricing becoming affordable.
Ericsson shares have fallen close to 40 percent in the past two years as the firm has been hit by a drop in spending by telecoms firms - with demand for next-generation 5G technology still years away - and weak emerging markets.
Asked if it has seen any dent to the pricing power while negotiating deals with the telcos, he said the company sees continued investments and operators continue to be interested in modernising and increasing capacities.
Telecom gear maker Ericsson has signed an agreement with IIT Delhi to jointly work on a programme for 5G technology development in India.
Ericsson said in a statement it would write down assets in the first quarter, with an estimated impact on operating income of 3-4 billion crowns ($342-$456 million). It estimated restructuring charges would amount to 6-8 billion crowns in 2017, of which it would book 2 billion in the first quarter.
Telecom equipment maker Ericsson has deployed a solution for newcomer Reliance Jio that will allow faster onboarding and quality service for customers.
Speaking at a news conference ahead of the Mobile World Congress in Barcelona, Suri also predicted a new wave of industry consolidation among telecom operators in the US and Indian markets in the course of 2017.
The fresh round of consolidation unfolding in the Indian telecom market is likely to yield five major players ensuring "enough competition but not fragmentation of spectrum", Telecom Secretary J S Deepak said.
Nokia and its rivals, Sweden's Ericsson and China's Huawei have struggled recently as demand for faster 4G mobile broadband equipment has peaked and the move to the next-generation 5G networks are still years away.
Global ICT firm Ericsson today said it is willing to extend helping hand to mentor start-ups in India.
The Swedish company said it expected there will be 6.8 billion smartphone subscriptions globally by the end of 2022, up from 3.9 billion in 2016.
Ericsson shares, which have slumped 44 percent this year, rose 3.7 percent on Thursday after the Swedish firm gave a new outlook that was less bearish than some analysts had expected and said its Cisco partnership was gaining momentum.
Vestberg served as Ericsson CEO for seven years. He stepped down from the company in July 2016 after Ericsson declared 11 per cent decline in sales in the second quarter result.
Ekholm's appointment comes three months after Hans Vestberg was ousted in late July as CEO following months of criticism over his leadership and pay, and over the firm's slow response to deteriorating market conditions and fiercer competition from Nokia and Huawei.
The company, the world's biggest maker of mobile network equipment, also said it would introduce further cost-cutting to deal with a weaker mobile broadband market.
Ericsson shares were the biggest drag on European stocks, down around 18 percent, after the company issued a profit warning. The news also dragged down Nokia shares.
The company said in a statement that its operating income fell to 0.3 billion crowns (USD 34.8 million) from 5.1 billion crowns a year ago, including restructuring charges of 1.3 billion crowns, while sales fell 14 percent to 51.1 billion crowns.
A bench of Chief Justice G Rohini and Justice Sangita Dhingra Sehgal also issued notice to Mumbai-based M/s Best IT World (India) Pvt Ltd which had alleged before Competition Commission of India (CCI) that Ericsson was abusing its dominant position, seeking its response by November 7.
The Swedish networks company employs 115,000 people globally, of which 16,000 in Sweden, and said the layoffs are a necessary part of its transformation to meet "fast technology shifts and the digitalisation of the telecom industry."
Ericsson announced in April that it would target structural changes by expanding an existing nine billion kronor (936-million-euro; USD 1 billion) global cost and efficiency programme to bolster efficiency and growth.
Manufacturing facilities in the cities of Boras and Kumla will be closed, the paper reported citing internal documents, ending 140 years of production in Sweden for the company which began as a producer of telegraph and telephony equipment.
"Normally what happens in emerging markets is they leapfrog others in terms of forging ahead," said Satish Meena, forecast analyst at Forrester. "India has the advantage of volume â€” they have sufficient volume so they can tell smartphone makers to build certain features."
The Broadband Commission estimates that it would cost USD 450 billion to bring the next 1.5 billion people online across the world.
Mobile broadband experience is important in India and Brazil for winning loyalty of smartphone customers, a global study by telecom gear firm Ericsson has said.
Ericsson Network Technologies (ENT), a subsidiary of Ericsson, is selling its 27.5 percent shareholding in Birla Ericsson Optical to Universal Cables Limited and Vindhya Telelinks Limited.