Swedish Telecom Ericsson
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Ericsson Sued by 37 Shareholders for $170 Million: Report
Thirty-seven Ericsson shareholders are suing the Swedish telecoms company for a combined SEK 1.8 billion (roughly Rs. 1,405 crore), saying its CEO's disclosure of activities in Iraq depressed the stock, business daily Dagens Industri reported. The shareholders, including several investment firms and pension funds, have filed separate lawsuits.
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Swedish Telecom Equipment Maker Ericsson To Cut 8,500 Jobs Worldwide
Swedish telecom equipment maker Ericsson said Friday it would cut 8,500 jobs worldwide as part of a cost-cutting programme.
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5G Subscriptions to Cross 1-Billion Mark in 2022, Amid Higher Adoption in China, North America: Ericsson
Worldwide 5G mobile subscriptions will cross the 1-billion mark in 2022, according to Swedish telecom equipment maker Ericsson. The increased adoption was helped by higher adoption in China and North America, and 5G subscriptions are estimated to reach 4.4 billion in 2027. If 5G reaches the 1-billion mark in 2022, it will have done so two years so...
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Ukraine Crisis: Nokia Is Pulling Out of the Russian Market
Swedish telecom equipment maker Nokia has announced that it is pulling out all its businesses from the Russian market. The pull-out will affect about 2,000 workers, some of whom will be offered work in other regions of the world.
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Ericsson Suspends All Russia Operations Indefinitely Over War in Ukraine
Swedish telecom equipment maker Ericsson has announced that it has suspended all its business in Russia for the foreseeable future. The company had stopped delivering products to Russia back in February at the start of the Ukraine war.
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Ericsson Employees May Have Bribed ISIS In Iraq, CEO Suspects
Swedish telecoms giant Ericsson suspects some of its employees in Iraq may have bribed Islamic State group members to get its road transports through the country, its chief executive said Wednesday.
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Telefonica Said to Buy Ericsson 5G Equipment to Replace Some Huawei Gear
Telefonica has bought 5G network equipment from Swedish manufacturer Ericsson to replace some of the Huawei gear it has rolled out in Spain, a source at the Spanish firm said.
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Huawei 5G Network Gear Ban Upheld by Swedish Court
A Swedish court upheld a ban against Huawei selling 5G equipment in the country, dashing the Chinese company's hopes of staging a comeback in Europe and increasing the chances of potential retaliation by China against rival Ericsson.
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Ericsson-Samsung Patent Dispute Settled, ‘Multi-Year’ Agreement Reached
Ericsson has reached a "multi-year" agreement on global patent licences with Samsung, the Swedish telecom equipment maker said, ending a dispute that hit its first-quarter revenue.
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Ericsson CEO Börje Ekholm Worried About Chinese Retaliation After Huawei 5G Ban in Sweden
Ericsson CEO Börje Ekholm is worried about Chinese reprisals after Sweden banned Huawei from taking part in the rollout of 5G networks, he said.
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Nvidia Pulls Out of MWC 2020 Over Coronavirus, Despite Being a Major Sponsor of the Trade Show
After South Korean company LG electronics and the Swedish telecommunication giant Ericsson, now graphics giant Nvidia has announced that it is not sending its employees to the Mobile World Congress 2020 in Barcelona due to the public health risks around the coronavirus.
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Ericsson Pulls Out of MWC 2020 Barcelona Conference Over Coronavirus
Swedish telecom equipment maker Ericsson withdrew on Friday from this month's major international telecoms conference in Barcelona due to the coronavirus outbreak, becoming the second major exhibitor to pull out.
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"Deeply Touched": Anil Ambani Thanks Brother Mukesh For Last-Minute Save
Industrialist Anil Ambani who avoided jail by paying back Swedish telecom giant Ericsson a day before a Supreme Court deadline, profusely thanked elder brother and India's richest man Mukesh Ambani for his "timely support".
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Anil Ambani Pays Ericsson Day Before Deadline, Avoids Jail: 10 Points
Industrialist Anil Ambani on Monday avoided jail by paying Swedish telecom equipment maker Ericsson Rs 458.77 crore in dues a day before the Supreme Court's deadline. Anil Ambani has thanked Mukesh Ambani for his "timely support" in paying his dues. Last month, the top court had ordered Anil Ambani's Reliance Communications or RCom and two of its d...
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Top Court Asks Anil Ambani To Pay Or Face Jail In Ericsson Case: 10 Facts
Industrialist Anil Ambani was held guilty of contempt today by the Supreme Court, which said he will go to jail for three months if he doesn't pay Rs 453 crore to Ericsson India within four weeks. The court tore into the Reliance Communications chairman for what it called a "cavalier attitude" and fined him and two of his directors Rs 1 crore each....
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Ericsson Sued by 37 Shareholders for $170 Million: Report
Thirty-seven Ericsson shareholders are suing the Swedish telecoms company for a combined SEK 1.8 billion (roughly Rs. 1,405 crore), saying its CEO's disclosure of activities in Iraq depressed the stock, business daily Dagens Industri reported. The shareholders, including several investment firms and pension funds, have filed separate lawsuits.
-
Swedish Telecom Equipment Maker Ericsson To Cut 8,500 Jobs Worldwide
Swedish telecom equipment maker Ericsson said Friday it would cut 8,500 jobs worldwide as part of a cost-cutting programme.
-
5G Subscriptions to Cross 1-Billion Mark in 2022, Amid Higher Adoption in China, North America: Ericsson
Worldwide 5G mobile subscriptions will cross the 1-billion mark in 2022, according to Swedish telecom equipment maker Ericsson. The increased adoption was helped by higher adoption in China and North America, and 5G subscriptions are estimated to reach 4.4 billion in 2027. If 5G reaches the 1-billion mark in 2022, it will have done so two years so...
-
Ukraine Crisis: Nokia Is Pulling Out of the Russian Market
Swedish telecom equipment maker Nokia has announced that it is pulling out all its businesses from the Russian market. The pull-out will affect about 2,000 workers, some of whom will be offered work in other regions of the world.
-
Ericsson Suspends All Russia Operations Indefinitely Over War in Ukraine
Swedish telecom equipment maker Ericsson has announced that it has suspended all its business in Russia for the foreseeable future. The company had stopped delivering products to Russia back in February at the start of the Ukraine war.
-
Ericsson Employees May Have Bribed ISIS In Iraq, CEO Suspects
Swedish telecoms giant Ericsson suspects some of its employees in Iraq may have bribed Islamic State group members to get its road transports through the country, its chief executive said Wednesday.
-
Telefonica Said to Buy Ericsson 5G Equipment to Replace Some Huawei Gear
Telefonica has bought 5G network equipment from Swedish manufacturer Ericsson to replace some of the Huawei gear it has rolled out in Spain, a source at the Spanish firm said.
-
Huawei 5G Network Gear Ban Upheld by Swedish Court
A Swedish court upheld a ban against Huawei selling 5G equipment in the country, dashing the Chinese company's hopes of staging a comeback in Europe and increasing the chances of potential retaliation by China against rival Ericsson.
-
Ericsson-Samsung Patent Dispute Settled, ‘Multi-Year’ Agreement Reached
Ericsson has reached a "multi-year" agreement on global patent licences with Samsung, the Swedish telecom equipment maker said, ending a dispute that hit its first-quarter revenue.
-
Ericsson CEO Börje Ekholm Worried About Chinese Retaliation After Huawei 5G Ban in Sweden
Ericsson CEO Börje Ekholm is worried about Chinese reprisals after Sweden banned Huawei from taking part in the rollout of 5G networks, he said.
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Nvidia Pulls Out of MWC 2020 Over Coronavirus, Despite Being a Major Sponsor of the Trade Show
After South Korean company LG electronics and the Swedish telecommunication giant Ericsson, now graphics giant Nvidia has announced that it is not sending its employees to the Mobile World Congress 2020 in Barcelona due to the public health risks around the coronavirus.
-
Ericsson Pulls Out of MWC 2020 Barcelona Conference Over Coronavirus
Swedish telecom equipment maker Ericsson withdrew on Friday from this month's major international telecoms conference in Barcelona due to the coronavirus outbreak, becoming the second major exhibitor to pull out.
-
"Deeply Touched": Anil Ambani Thanks Brother Mukesh For Last-Minute Save
Industrialist Anil Ambani who avoided jail by paying back Swedish telecom giant Ericsson a day before a Supreme Court deadline, profusely thanked elder brother and India's richest man Mukesh Ambani for his "timely support".
-
Anil Ambani Pays Ericsson Day Before Deadline, Avoids Jail: 10 Points
Industrialist Anil Ambani on Monday avoided jail by paying Swedish telecom equipment maker Ericsson Rs 458.77 crore in dues a day before the Supreme Court's deadline. Anil Ambani has thanked Mukesh Ambani for his "timely support" in paying his dues. Last month, the top court had ordered Anil Ambani's Reliance Communications or RCom and two of its d...
-
Top Court Asks Anil Ambani To Pay Or Face Jail In Ericsson Case: 10 Facts
Industrialist Anil Ambani was held guilty of contempt today by the Supreme Court, which said he will go to jail for three months if he doesn't pay Rs 453 crore to Ericsson India within four weeks. The court tore into the Reliance Communications chairman for what it called a "cavalier attitude" and fined him and two of his directors Rs 1 crore each....
