Ericsson is heading into the Internet telephony market, according to sources close to the company. The telecoms giant is currently talking to major customers with a view to selling them technology that transmits telephone calls over the Net, the sources added. The technology enables telephone companies to skip access charges by sending voice signals over global computer connections that normally carry data, and so are exempt from traditional regulations. Ericsson refused to be drawn on its possible new business venture. "We are continually looking at new markets," commented a spokesman for the company.
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Fresh from the notes of Ming-Chi Kuo of TF International Securities