ITU Secretary-General: OK to Make Profit When Helping Developing Nations

Hans Vestberg, president and CEO of Ericsson, and Dr. Hamadoun Tour, secretary-general of the International Telecommunication Union (ITU), discussed the future of broadband at the 2012 Social Good Summit on Saturday. The underlying sentiment? That high-speed internet has the potential to "transform" developing nations.

In the panel, moderated by Mashable's editor-in-chief, Lance Ulanoff, Vestberg said that the pace of global technological change is getting faster.

"Today, [there are] 6.3 million mobile subscriptions in the world, 1 million broadband subscriptions in the world. That's just going to blow the next five years. [By] 2017? 5 billion mobile broadband subscriptions," he…
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