Ericsson is heading into the Internet telephony market, according to sources close to the company.
The telecomms giant is currently talking to major customers with a view to selling them technology that transmits telephone calls over the Net, the sources add.
Internet telephone calls, once the domain of ?Net heads?, is now being taken seriously by large corporates as a viable business option. This is primarily because quality has improved. Also, 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, maintain analysts.
Ericsson refused to be drawn on its possible new business venture. ?We are continually looking at new markets,? commented a spokesperson for the company.
The consumer Internet telephony market is set to boom, forecast analysts. The market is expected to hit $2.5 billion by the year 2004, up from $49 million today, according to market analysts, Forrester Research.
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