Search results for "ericsson"

Ericsson to Uplift India’s 5G

After clinching large deals with telecom operators for 5G equipment, global telecom infrastructure company Ericsson plans to expand its production capacity in India. The expansion plan would collaborate with a local vendor and operate from the latter’s Pune location. It is all part of a well-structured plan for Ericsson to further its global presence.  The […]

India boosts Ericsson's quarterly profit as US dials down

Sweden’s Ericsson on Tuesday reported first-quarter core earnings that beat expectations, supported by stronger sales of 5G equipment in countries such as India, but sales in more established markets fell and eroded margins. The company has cut costs to mitigate lower spending by telecom operator customers in several regions and expects the slower pace of […]

Ericsson to Lay Off 8,500 Employees - Memo

Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. While technology companies such as Microsoft, Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson’s move would be the largest layoff to hit […]

Ericsson Sees Margin at Lower End of Target, Pushes for Cost Cuts

Swedish telecom equipment maker Ericsson said on Thursday it would reach the lower end of its long-term target of a profit (EBITA) margin of 15-18 percent by 2024 as several of its more profitable markets show signs of slowing down. The company, one of the world’s biggest suppliers of 5G technology, forecast the 5G radio […]

Ericsson and Apple End Patent-Related Legal Row with Licence Deal

Ericsson said on Friday it had struck a global patent licence agreement with Apple, ending a row over royalty payments for the use of 5G wireless patents in iPhones. The Swedish telecoms equipment maker said the multi-year deal included global cross-licences for patented cellular standard-essential technologies, and granted certain other patent rights. “The settlement ends […]

Ericsson to Invest in 6G Network Research in Britain

Network equipment maker Ericsson will invest millions of pounds in 6G mobile research in Britain, it said on Tuesday, working with universities on hardware security, AI and cognitive networks and quantum computing. The Swedish company, which supplies 5G gear to all four British mobile networks, said the 10-year initiative would help to drive development of […]

Ericsson MEA - Accelerating MEA's Digital Transformation Through 5G

Multinational telecommunications company Ericsson has always been at the forefront of pioneering the journey to a more promising connected future. In the Middle East and Africa (MEA) region, the mogul is setting the needed foundation for fueling mobile connectivity across the region. Ericsson MEA President, Mr. Fadi Pharaon shares his insights with Inside Telecom on […]

Ericsson Says no Hardware Exported to Russia, Only Software Support

STOCKHOLM (Reuters) – Ericsson said on Friday it is only providing software and technical support to Russian clients and has not sold any telecommunications equipment to mobile operators there since the Ukraine war started, after Swedish media reported the company had continued its exports. Shares of the company fell 4.6 percent in morning trading. Ericsson […]