United Kingdom

Helena Soderpalm

Swedish start-up Epidemic Sound tunes into demand for original music

06 Dec 2019

STOCKHOLM Epidemic Sound, backed by Spotify's investors, is one of a new wave of music companies expanding rapidly on the back of demand for easy access to original music from commercial users, especially YouTubers.

EU clears Telia's $957 million Swedish TV deal with Bonnier

12 Nov 2019

BRUSSELS Telia won conditional EU antitrust approval on Tuesday for its $957 million bid for Bonnier Broadcasting, a deal the Swedish telecoms firm hopes will help it better compete with the likes of Netflix and Amazon.

Ericsson earnings top forecast as 5G takes off

17 Oct 2019

STOCKHOLM 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. | Video

Sweden's NENT sees reasons to be cheerful about streaming war

26 Sep 2019

* Sweden's NENT looks for new partnerships in video streaming

Ericsson expects to take $1.2 billion hit to settle U.S. probes

26 Sep 2019

STOCKHOLM Mobile telecoms gear maker Ericsson will take a 12 billion crown ($1.2 billion) hit to third-quarter results from long-running U.S. investigations into past corruption allegations, it said on Thursday.

U.S. rapper A$AP Rocky kicked and punched me, teenager tells Swedish court

30 Jul 2019

STOCKHOLM A teenager told a Swedish court on Tuesday that he was kicked and punched by U.S. rapper A$AP Rocky and two of his entourage during an altercation outside a hamburger restaurant in Stockholm last month. | Video

Main shareholder offers to buy out Swedish fashion chain KappAhl

29 Jul 2019

STOCKHOLM Investment firm Mellby Gard, the biggest shareholder in Swedish fashion group KappAhl , on Monday made an offer to buy the rest of the retailer whose profits are under pressure from tough competition in a rapidly changing market.

U.S. rapper A$AP Rocky to remain in Swedish custody, Trump plans to intervene

20 Jul 2019

STOCKHOLM Swedish prosecutors on Friday extended American rapper A$AP Rocky's detention by six days amid their ongoing investigation into a street fight in Stockholm as U.S. President Donald Trump said he planned to call Sweden's prime minister about the case.

Ericsson warns on negative margin impact, shares fall 7%

17 Jul 2019

STOCKHOLM Telecoms equipment maker Ericsson 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.

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