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Latest Articles in ericsson

5G Connection To Reach 3.5 Billion Globally, 350 Mn In India By 2026: Report

India may get its first 5G connection in 2021 if spectrum auctions are held early next year, said Ericsson Head of Network Solutions (Southeast Asia, Oceania and India) Nitin Bansal.

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Ericsson Takes Issue With Swedish Ban On Huawei

Swedish telecoms regulator PTS earlier this month halted 5G spectrum auctions after a court suspended parts of its decision that had excluded Huawei from 5G networks over national security risks.

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Ericsson Shares Fall After 2022 Margin Target Left Unchanged

The company maintained its 2022 earnings before interest and taxes (EBIT) target of 12%-14%, excluding charges, and boosted its margin forecast from its networks business as telecom operators across the world upgrade to 5G technology.

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Ericsson Aims For Long-Term Margin Jump, Shares Fall

Sweden's telecoms regulator halted 5G spectrum auctions after a court suspended parts of its decision that had excluded Chinese telecom equipment maker Huawei from 5G networks.

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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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