Ericsson informed the U.S. Department of Justice (DoJ) about an internal investigation into payments in Iraq when it signed a Deferred Prosecution Agreement (DPA) in 2019 to settle separate corruption probes, sources familiar with the matter said. The Swedish company’s shares fell 14 percent on Wednesday over concerns that it might be subject to another […]
Ericsson
Sweden’s Ericsson on Tuesday reported fourth-quarter core earnings above market estimates, helped by higher sales of telecom gear as more countries roll out 5G networks offsetting a loss of market share in mainland China. The company’s quarterly adjusted operating earnings rose to 11.9 billion Swedish crowns ($1.28 billion) from 11 billion a year ago, beating […]
Swedish telecom equipment maker Ericsson is buying U.S. cloud communications company Vonage in a $6.2 billion deal that will help it expand wireless services for business customers. The acquisition would also give it access to software developers who can build new applications to take advantage of features built into new fifth generation high speed wireless […]
Saudi Telecom Company (STC) and Swedish firm Ericsson announced on Wednesday plans to delve into potential sustainable initiatives to support the Saudi telco’s network infrastructure to highlight the Kingdom’s vision. “With this new MoU, we work yet again with Ericsson to push the ICT industry’s boundaries and focus on ensuring a sustainable, environmentally viable future,” […]
Indian Telecom operator Bharti Airtel and Swedish vendor Ericsson initiated a plan of what seems to be India’s first rural 5G network trial, enabling access to high broadband in the areas. Initiated in the village Bhaipur Bramanan by using a 5G trial spectrum given to Airtel from India’s Department of Telecom, the trial could hold […]
Ericsson announced on Tuesday the deployment of its Business Support Systems (BSS) solutions to Qatari Telecommunications company Ooredoo, providing necessary support to sustain its monetization programs. Both companies agreed and authorized a five-year group frame agreement, setting the infrastructure for the latest adoption of Ericsson’s BSS solutions that will spread over several of Ooredoo Group’s […]
In a bid to heighten Orange Money’s offering, Orange Middle East and Africa (MEA) joins forces with Swedish telecom vendor Ericsson to deploy mobile financial service solutions over phases spread across 14 countries in the region by mining into Ericsson Wallet Platform. Under the deal’s terms, Orange will tap into Ericsson’s Wallet Platform to enhance […]
Ericsson CEO, Borje Ekholm, expressed deep concerns over the U.S.-China tech war, arguing that the west might get deprived of accessing China’s R&D if global mobile standards are torn between both China’s and the West’s 6G efforts, reaching 5G network’s final stages. Swedish telecoms vendor Ericsson continuously demonstrated its unbiased stance regarding the geopolitical aspect of […]
U.K.- based Virgin Media O2 (VMO2) announced on Monday its collaboration with Swedish Telecom vendor Ericsson to supply cloud native, container-based dual-mode 5G core technology. This step will pave the way for VMO2 to deliver ultra-fast connectivity to consumers and develop advanced enterprise use cases. According to the agreement, VMO2 will bring its 4G, 5G […]
Ericson reported on Tuesday a grow in its organic sales of eight percent of its market value as Geopolitical tensions grow between the Swedish company and the world’s second largest economy, following the company’s warning of its deteriorating market share in China. The telecoms vendor – one of Huawei’s biggest competitors – announced that both […]