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The Latest Breaking News from Ericsson

Nokia and Ericsson shares fall as cost of living crisis hits telecoms sales

Finnish company lowers profit expectations, while Swedish firm expects flat or ‘slightly up’ margins

The Guardian - UK

Adoption Of Speedy 5G Services Is Growing: Kiplinger Economic Forecasts

The use of mobile video apps, such as TikTok and YouTube, is driving the adoption of 5G around the world.

Kiplinger

Could IndyCar’s top team lose its standout 2023 drivers?

Ganassi heads into this weekend’s halfway IndyCar round at Mid-Ohio holding a 1-2 in points with Palou leading Ericsson by a whopping 74 points. Team Penske's Josef Newgarden is the best non-Ganassi driver, a further seven points behind.

Autosport

From analysis to the latest developments in health,
read the most diverse news in one place.

A brief history of the smartphone

The three-decade story of how smartphones transformed from an idea into an essential for everyday life.

TechRadar

UNICEF: ‘Working with corporations is helping us make real progress toward sustainable development goals. Here’s how’

Partnerships with the private sector in hundreds of territories are vital to UNICEF's work for the protection children.

Fortune

SE Asia telecom mergers revolutionise industry: Indosat’s success story

The telecom industry in Southeast Asia is experiencing a dynamic transformation following the merger of the region’s leading telecom operators. This consolidation is designed to improve the competitiveness and capabilities of the telecom operators by leveraging their resources to gain efficiency while building customer value.

Bangkok Post

Hybrid working has never been more important, but bosses are still making some major mistakes

Some workers are putting flexibility above all other requirements, but companies are still failing to adapt.

TechRadar

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Ericsson predicts 5G reaching 50% of subscriptions by 2025

Fifth Generation (5G) subscriber numbers in Thailand are projected to reach 50% of total mobile subscriptions by 2025 thanks to monetisation models and more affordable smartphones, says Swedish networking and tech firm Ericsson.

Bangkok Post

Ericsson and MediaTek expand 5G deployment options

Ericsson has combined four channels with MediaTek to achieve the fastest known downlink speeds

TechRadar

Chevrolet sorry for “freak” issue that cost O’Ward win at St. Petersburg

O’Ward qualified third for IndyCar’s season-opener and held station there for most of the race, behind Andretti Autosport’s Romain Grosjean and Colton Herta in the first stint, then behind Team Penske’s Scott McLaughlin and again Grosjean in the middle stint. The Mexican was therefore in prime position to inherit the…

Autosport

Chevy sorry for “freak” issue that cost O’Ward St. Pete win

Motorsport

Ericsson to Pay $206 Mln over Corruption Case in Iraq

Sweden's Ericsson (ERICb.ST) agreed to pay a $206 million fine and plead guilty after violating a 2019 deal with US prosecutors that required the telecoms firm to properly disclose information on its activities in Iraq, China and Djibouti. The plea agreement with the US Justice Department follows a scandal over…

Asharq Al-Awsat

Ericsson to pay $206M for breaking US deal in bribery case

Swedish telecom equipment maker Ericsson has agreed to plead guilty to U.S. foreign corruption violations and pay more than $206 million for breaking a deal with the Justice Department over charges of bribery and falsifying records in countries from China to Kuwait

The Independent UK

Ericsson to Cut 8,500 Jobs Worldwide

Telecom equipment maker Ericsson said Friday it would slash 8,500 jobs worldwide, part of a cost-cutting program as financial headwinds push operators to rein in spending. Ericsson, which had a total of 105,000 employees at the end of 2022, last month posted disappointing full-year 2022 earnings, as operators slow spending…

Asharq Al-Awsat

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AFP

Ericsson to cut 8,500 jobs worldwide

Stockholm (AFP) - Telecom equipment maker Ericsson said Friday it would slash 8,500 jobs worldwide, part of a cost-cutting programme as financial headwinds push operators to rein in spending.

Evening Standard

Telecoms giant Ericsson to lay off 8,500 staff

Telecoms giant Ericsson is to lay off 8,500 staff in a bid to slash costs.

AFP

Telecom firms aim to shrug off slump at annual get-together

Barcelona (AFP) - Telecom companies will aim to put a positive spin on their current slump in fortunes when they gather in the Spanish city of Barcelona on Monday for the annual Mobile World Congress (MWC), the biggest event in the industry’s calendar.

Bangkok Post

Climate-driven consumer trends

Almost 99% of the 15,000 global early technology adopters surveyed by Ericsson say they expect to be proactively using internet and connectivity-based solutions by 2030 to personally address the impact of climate change and global warming.

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news in one place.

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Bangkok Post

Ericsson backs Thailand's digitalisation

As Thailand moves towards mainstream 5G adoption by 2025, the country needs to accelerate the 5G ecosystem, establish a strong digital infrastructure, ensure availability of more spectrum bands, and drive tech partnership and sustainability initiatives to accelerate digitalisation and support socio-economic growth, according to Swedish telecom equipment firm Ericsson.

Bangkok Post

Thai demand for 5G subscriptions surges

Almost half of Thai mobile users want to subscribe to a 5G service next year, according to the latest survey by Swedish telecom equipment firm Ericsson.

Asharq Al-Awsat

Ericsson Says No Hardware Exported to Russia, Only Software Support

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% in morning trading.…

Asharq Al-Awsat

Ericsson to Wind Down Business Activities in Russia Over Coming Months

Ericsson said on Monday it will gradually wind down business activities in Russia over the coming months as the Swedish telecoms equipment maker completes its obligations to customers. The company, which suspended its business in Russia indefinitely in April, said it has about 400 employees in Russia and would provide…

Benzinga

Benzinga Before The Bell: Donald Trump's Presidential Bid, Facebook Testing Multiple Profiles, UnitedHealth Q2 Earnings Growth And Other Top Financial Stories Friday, July 15

CNBC Augmented Supply Best Way To Balance Rising Oil Prices, Says OECD Chief

Asharq Al-Awsat

Ericsson's Core Profit Misses as Rising Costs Hit Margins

Ericsson, the Swedish telecoms equipment firm which is facing bribery investigations, reported a rise in second-quarter core earnings on Thursday but missed expectations as margins were hit by increased component and logistics costs. Rising inflation, a chip shortage and Russia's invasion of Ukraine drove up costs and pushed down the…

The Hindu

Hybrid work model catching on in India

Only 5% of respondents intend to work in virtual mode

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