Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Anusuya Lahiri

Ericsson Chalks Out Restructuring Plans

ERIC (Organization) Ericsson DOJ Artificial Intelligence Russia
  • Ericsson (NASDAQ:ERIC) disclosed plans to restructure its operating units to focus on mobile infrastructure and business customers, effective June 1.
  • EVP Arun Bansal and Peter Laurin, head of the business area managed services, will leave the company.
  • Also Read: Ericsson Shares Drop Post Q1 Results; Acknowledges DOJ Penalty, Russia Business Suspension
  • Ericsson created a new business unit by merging digital services and managed services to increase its cloud expertise and build automation and artificial intelligence products. Ericsson veteran Per Narvinger will lead the division.
  • A new unit for enterprise wireless business will develop 5G-related products to meet the needs of big companies. Cradlepoint CEO George Mulhern will helm the division.
  • Price Action: ERIC shares traded lower by 1.49% at $7.93 in the premarket session on the last check Wednesday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Jerry Seinfeld bluntly tells activist ‘I don’t care about Palestine’ in awkward encounter
Comedian has long been an outspoken supporter of Israel
The Independent UK
The Independent UK
"I'm not planning on doing a set with Black Sabbath": Ozzy says he'll only do "little bits and pieces" with Sabbath at final reunion show
Black Sabbath's Back To The Beginning show will take place on July 5 at Villa Park in Birmingham, UK
Metal Hammer
Metal Hammer
Can Taste Predict Early Death? If You Can't Sense These Two Flavors, Your Risk May Be High
A recent study found that people who lose their sense of taste have a 47% higher risk of early death.
Medical Daily
Medical Daily
Watch Post Malone join the surviving members of Nirvana for a frenzied blast through Smells Like Teen Spirit
The "Post Nirvana" performance took place at the SNL50 Homecoming Concert at New York's Radio City Music Hall
Louder
Louder
SNL kicks off star-studded 50th anniversary with Paul Simon, Sabrina Carpenter and host Steve Martin
Sunday’s broadcast tops off a weekend of celebrity-filled anniversary programming
The Independent UK
The Independent UK
Why Meryl Streep Swore on Camera While Attending the 'SNL50' Concert With Martin Short
The three-time Oscar winner made her feelings known—and her rumored boyfriend couldn't stop laughing.
Marie Claire
Marie Claire
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play