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Telenet Group Holding Is Further Expanding Its Partnership With Ericsson
Ericsson Q3 Adj. Oper Income At SEK 8.8 Bln, Above Estimates
At&T Selects Ericsson For Expansion Of 5G Network And C-Band Spectrum Build
Telefonaktiebolaget LM Ericsson (Ericsson) provides infrastructure, services and software to the telecommunication industry and other sectors. The Company's segments include Networks, IT & Cloud and Media. The Networks segment consists of two business units: Network Products and Network Services. The overall focus is on evolving and managing access networks, including the development of hardware and software for radio access and transport networks. The IT & Cloud business includes two business units: IT & Cloud Products and IT & Cloud Services. The focus in IT & Cloud is to help telecom operators and selected enterprises through the digital transformations ahead. It develops and delivers software-based solutions for television and media and combines a product portfolio that spans the television value chain, with systems integration and managed services. The portfolio includes compression, content publishing through set-top box or pure over-the-top, content delivery and analytics.
Non-Executive Independent Chairman of the Board
E. Boerje E. Ekholm
President, Chief Executive Officer, Director
Deputy Chairman of the Board
Deputy Chairman of the Board
Senior Vice President, Chief Financial Officer and Head of Group Function Finance and Common Functions
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* Sales fall by 3.6 bln crowns in China, total revenue down 2%
* Supply chain problems felt towards end of Q3 (Adds details on China loss, CFO interview)
Sweden's Ericsson on Tuesday reported third-quarter core earnings above market estimates, as strong sales of 5G equipment in most of the world offset a loss of market share in mainland China.
Sweden's Ericsson said on Monday it has won a five-year contract from AT&T to help build its 5G network in the United States.
Ericsson's top executive vowed to double down on efforts to regain market share lost in China after Sweden blocked Chinese suppliers from its 5G roll-out, a move that antagonised Beijing and has hit the equipment maker's business.
Sweden's Ericsson won a 3% share in a joint 5G radio contract from China Telecom and China Unicom, according to sources familiar with the matter.
Sweden's Ericsson, caught in the middle of a geopolitical battle between Beijing and the West, said on Friday it was no longer banking on previously anticipated contract wins for 5G tenders in China, sending its shares down more than 8%.
Telefonica said on Friday that it had awarded a contract for its Spanish 5G radio network to Nokia and Ericsson for the frequency bands 3.5GHZ and 700MHZ.
Sweden's Ericsson on Friday reported second-quarter core earnings below market estimates, as strong sales of 5G equipment in most markets was offset by a decline in sales in mainland China
A Swedish court on Tuesday upheld a ban on Huawei for selling 5G equipment in the country, dashing hopes of the Chinese company for staging a comeback in Europe and increasing the chance of a potential retaliation by China against home-grown Ericsson. The case stems from...
Ericsson said on Thursday it had won contracts from Vodafone to supply 5G core equipment for its standalone network in the UK and 5G core network in Germany.
Sweden's Ericsson said on Wednesday the number of 5G subscriptions were expected to rise to 580 million by the end of 2021 from 220 million last year, and cross 3.5 billion by 2026.
Ericsson said on Monday it might get lower share in China's 5G roll-out than its share of the current telecom infrastructure market there, partly due to a spat over exclusion of Chinese vendors from Sweden's roll-out of ultra-fast networks.
An upcoming court decision that will decide the future role Huawei can play in Sweden could also be a potential turning point for national champion Ericsson's ambitions in China.
Ericsson has reached a "multi-year" agreement on global patent licences with Samsung , the Swedish telecom equipment maker said on Friday, ending a dispute that hit its first-quarter revenue.
Ericsson said on Friday it had reached a multi-year agreement on global patent licenses with Samsung, ending a dispute that hit the Swedish telecom equipment maker's first-quarter revenue.
Sweden's Ericsson on Tuesday unveiled a subscription service for remote working in North America that would allow employees of small businesses to start working from home in minutes with access to licensed apps, cloud storage and security tools.
* Global chip shortage has not hurt deliveries, says CEO (Adds CFO comments, details on patent dispute and chip shortage)
Sweden's Ericsson on Wednesday reported first-quarter core earnings above market estimates, as strong sales of 5G equipment offset a loss of royalty income due to a patent fight with Samsung Electronics .
KPN NV, the largest Dutch telecommunications company, has filed a patent-infringement complaint against Ericsson in a district court in Texas, the Swedish telecom equipment maker said on Thursday.
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