Wireless equipment maker Ericsson said Wednesday that a 2 percent gain in sales in the first quarter was not enough to prevent an 86 percent slump in net profit as it booked costs connected with downsizing its Swedish operations. Sales rose to 52 billion kronor...
Ericsson today announced that it has reached an agreement to acquire Microsoft's Mediaroom business. The business will give Ericsson a boost in providing IPTV and multi-screen solutions. Closing companies expect the deal to close during the second half of 2013...
ST-Ericsson has ended a search for a buyer of the joint venture of STMicroelectronics and Ericsson with today's announcment of what it's calling a "global workforce review" that will return much of the joint venture's workforce to its parent companies and result in approximately 1600 layoffs...
Nokia Siemens Networks is launching a suite of products and services to help operators cut through the growing complexity of running mobile broadband networks. The new products and services are required as operators expand 3G networks, roll out LTE and deploy small cells.
Network equipment maker Ericsson posted a $986 million net loss on a $1.2 billion charge related to the company’s struggling semiconductor business. Revenue was up five percent from the same quarter last year, and 23 percent sequentially. The loss was telegraphed by the...
Unwired Planet announced Thursday that has purchased 2,185 patents from the Ericsson, 753 of which are U.S. patents related to 2G, 3G and LTE technologies. According to the statement, the deal also stipulates Ericsson will contribute another 100 patents a year to Unwired Planet, from 2014 to 2018.
Europe's largest chipmaker, STMicroelectronics NV, said Monday it plans to exit its money-losing joint venture ST-Ericsson, as it struggles to manage a downturn in global demand. Swiss-based STMicroelectronics said it is negotiating "exit options" from ST-Ericsson, its joint venture with Swedish telecommunications company Ericsson.
Ericsson managed to double its first-quarter profits despite slumping sales after its divestiture of its smartphone business buoyed its bottom line.
The layoffs will hit "less than 10 percent" of its employees across all its groups, a spokeswoman said, but did not confirm reports...
Ericsson is buying Canadian Wi-Fi specialist BelAir Networks as part of a move to develop telecommunications equipment that integrates both Wi-Fi and cellular technologies.
While Vestberg has presented at a number of CTIA conferences, Wednesday marked his first CES keynote, which is telling.
In its latest Traffic and Market Data report, Ericsson forecasts a 10-fold increase in mobile data traffic by 2016.
Shares in Ericsson were up more than 6 percent, to $10.28, in early morning trading after the company reported better-than-expected third-quarter results.
Ericsson's biggest problems seem to be coming not from itself but in the two joint ventures in which it is invested.
Ericsson said today it is buying OSS/BSS company Telcordia for $1.15 billion in a bid to expand its services...
Clearwire has outsourced the management of its WiMAX network to Ericsson in a seven-year deal similar to Sprint's managed services contract...
Ericsson says profits more than tripled in the first quarter, driven by continued strong demand for mobile broadband.
Ericsson is getting in on the increased demand for mobile broadband services in rural areas of the United States.
Hans Vestberg, president and CEO of Ericsson, knows how to lead a team.
Ericsson reported an 8 percent year-over-year increase in group sales in the fourth quarter, mainly driven by strong development in mobile broadband.
Ericsson estimates that the number of global mobile broadband subscriptions will reach 1 billion this year.
Ericsson's presence in Silicon Valley makes a lot of sense. But it's a long way from the Arctic Circle.
Now we know why Angel Ruiz, head of Ericsson North America, was a no-show at a conference in Silicon Valley where he was scheduled to speak last week.
Michael Treschow today announced that he will be stepping down from his position as chairman of Ericsson in 2011 or 2012.
Swedish wireless-network provider Ericsson today announced $542 million in profits on increased growth in U.S. mobile broadband.