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Latest Articles in ericsson

Nokia Cuts Full-Year Profit Forecast, Sets New Strategy

Rival Ericsson last week reported quarterly core earnings above market estimates, helped by higher margins and China's 5G rollout, and said it was "more confident" in meeting its 2020 targets.

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Ericsson's Third-Quarter Earnings Shine As Margins Rise, 5G Rolls Out In China

Ericsson's 5G contract wins have touched 112 as more telecom operators are building next-generation networks and as diplomatic pressure from the United States is pushing out market leader Huawei from more countries.

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Dutch Telecom KPN Picks Ericsson Over Huawei For 5G Network

The world's biggest telecoms equipment and smartphone vendor, has denied U.S. allegations that it is ultimately answerable to the Chinese government and is therefore a security risk.

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Ericsson To Buy Wireless Networking Firm Cradlepoint In $1.1 Billion Deal

The transaction, expected to close before the end of this year, will hurt Ericsson's operating margins by about 1% in 2021 and 2022, and contribute to operating cash flow starting in 2022.

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Nokia's Largest Shareholder Solidium Raises Stake To Over 5%

Solidium became an investor in Nokia in 2018 after buying a 3.3% stake for about 844 million euros (753.48 million pounds), and has been increasing its stake since late last year.

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Ericsson Second-Quarter Core Profit Beats Forecast

Total revenue for the telecom equipment maker, a rival of China's Huawei Technologies Co Ltd and Finland's Nokia, rose 1% to 55.6 billion crowns.

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Japan's NTT To Invest $560 Million In NEC To Catch Up In 5G Race

NEC and NTT also said they plan to work together on post-5G technologies, including all-photonics networking and computing technologies being developed by NTT.

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Ericsson Flags Losses From China 5G Contracts, Takes 1 Billion SEK Charge

China's three largest telecom operators - China Mobile, China Telecom and China Unicom - have awarded 5G contracts worth billions of dollars this year, mostly to Huawei and ZTE, according to media reports.

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Investor AB Upped Stakes In ABB, Ericsson, Electrolux Professional In First Quarter

The investment firm said it invested 1.6 billion Swedish crowns ($158.84 million) in ABB, 1.1 billion in Ericsson and 160 million in Electrolux Professional.

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U.S. Interest Lifts Shares In Huawei Rivals Ericsson, Nokia

U.S. Attorney General William Barr said in a speech on Thursday that the United States and its allies should consider the highly unusual step of taking a "controlling stake" in one or both of the Nordic rivals to Huawei.

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Nokia Second-Quarter Beats Forecasts On Solid Demand; Maintains Outlook

The company said its second-quarter revenue rose 7% from a year ago to 5.69 billion euros ($6.34 billion), boosted by growth in North America.

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Reliance Communications Jumps After Mukesh Ambani Bails Out Brother Anil On Ericsson Dues

Telecom equipment maker Ericsson received Rs 4.62 billion from RCom as unpaid dues from a deal it had signed in 2014

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Reliance Communications Says Committed To Settle Dues With Ericsson

RCom was yet to receive approval from the telecom department to proceed with the sale of its wireless assets

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Airtel, Ericsson Claim 500 Mbps Download Speed On Smartphones Under New Tech

Both companies jointly conducted India's first trial of Licensed Assisted Access (LAA) technology over a live 4G network

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Ericsson Sees 5G Subscriptions Hitting 1.5 Billion In 2024

The first commercial 5G subscriptions in Europe are expected in 2019, Ericsson said in its semi-annual Mobility Report

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