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Ericsson Modernizes Hydro-Quebec's Network Inventory System
Major owner Cevian Capital says Ericsson's targets are conservative
Bharti Airtel picks Ericsson for 5G-Ready Cloud Packet Core
Telefonaktiebolaget LM Ericsson (Ericsson) provides infrastructure, services and software to the telecommunication industry and other sectors. The Company's segments include Networks, IT & Cloud and Media. The Networks segment consists of two business units: Network Products and Network Services. The overall focus is on evolving and managing access networks, including the development of hardware and software for radio access and transport networks. The IT & Cloud business includes two business units: IT & Cloud Products and IT & Cloud Services. The focus in IT & Cloud is to help telecom operators and selected enterprises through the digital transformations ahead. It develops and delivers software-based solutions for television and media and combines a product portfolio that spans the television value chain, with systems integration and managed services. The portfolio includes compression, content publishing through set-top box or pure over-the-top, content delivery and analytics.
Chairman of the Board
Borje E. Ekholm
President, Chief Executive Officer, Director
Deputy Chairman of the Board
Deputy Chairman of the Board
Senior Vice President, Chief Financial Officer and Head of Group Function Finance & Common Functions
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Given its importance to 5G, Ericsson has major self-confidence issues. The $30 billion Swedish firm has added 10% to its 2020 sales forecasts for the superfast mobile kit that will supposedly bring the ‘internet of things’ to life. With Chinese market leader Huawei weighed...
Telecoms equipment maker Ericsson beat quarterly earnings expectations on Thursday and lifted its market forecast for this year and its sales target for 2020, saying demand for superfast 5G networks was taking off more quickly than expected.
Telecoms equipment maker Ericsson reported quarterly core earnings far ahead of market expectations on Thursday and lifted its 2020 sales target citing a stronger market and currency effects.
Mobile telecoms gear maker Ericsson <ERICb.ST> will take a 12 billion crown (£996.39 million) hit to third-quarter results from long-running U.S. investigations into past corruption allegations, it said on Thursday.
Mobile telecom gear maker Ericsson said its third quarter results will be impacted by a 12 billion Swedish krona ($1.23 billion) provision it is making in relation to probes by the U.S. Securities and Exchange Commission and the Department Of Justice.
Swedish telecom equipment maker Ericsson's CEO Borje Ekholm told employees in an internal note this week that a recent media report of his imminent replacement was incorrect, a company spokesman said.
Telecom gear maker Ericsson will increase production and invest further in its Tczew plant in Poland in preparation for the ramp up of next generation 5G mobile network across Europe, it said in a statement.
Telecom equipment maker Ericsson's <ERICb.ST> CEO Borje Ekholm could be about to announce his exit after less than three years in the job with outgoing Saab CEO Hakan Buskhe planned as his replacement, business daily Dagens Industri reported on Wednesday citing anonymous...
Telecom equipment maker Ericsson's CEO Borje Ekholm could be about to announce his exit with outgoing Saab CEO Hakan Buskhe planned as his replacement, business daily Dagens Industri reported on Wednesday citing anonymous sources.
Ericsson and Deutsche Telekom will team up to tap rising demand for mobile technology at industrial sites in Germany, as communications providers seek local uses for 5G with national deployment still years away.
Telecoms equipment maker Ericsson <ERICb.ST> posted quarterly earnings in line with forecasts but said it expected costs related to winning new contracts for its network business to hit profit margins in the second half of the year.
Mobile telecom equipment maker Ericsson reported on Wednesday a rise in line with expectations in second-quarter operating earnings helped by strong sales growth in North America.
Swedish telecoms equipment maker Ericsson expects Brazil to switch on its fifth-generation (5G) network by early 2021, several months after a spectrum auction set for March next year, a top executive told Reuters.
Swedish telecoms equipment supplier Ericsson said on Wednesday it plans to build its first fully-automated factory in the United States to make radios required to deploy 5G technology and make it operational in early next year.
Sweden's Ericsson has raised its forecast for 5G subscriptions by 27 percent to 1.9 billion by 2024, with network coverage offering access to 45 percent of the world's population, it said on Tuesday.
Ericsson expects a negative impact on operating income in segment Networks in the current quarter after it reached an agreement to end all patent infringement lawsuits with Intellectual Ventures, the Swedish company said on Monday.
* FITCH SAYS BREADTH OF U.S. BAN ON HUAWEI TECHNOLOGIES WILL LIKELY DETERMINE EFFECT ON CHINESE TELECOM FIRM'S SUPPLIERS AND COMPETITORS
* Ericsson shares down 2.9 pct (Adds more comments from Cevian, context, background, shares)
Ericsson posted a first-quarter profit on Wednesday that swept past forecasts due to strong growth in North America and cost cuts, spurring the telecom equipment maker to boost its full-year outlook for the global networks market.
Mobile telecom equipment maker Ericsson reported on Wednesday a bigger that expected rise in first-quarter operating earnings and said it saw strong growth in North America as it raised its outlook for the global networks market.
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