tag: ericsson

Jan Frykhammar, CFO, Ericsson

Ericsson CFO sees strong performance from radio business

Infrastructure vendor Ericsson has reported year on year flat sales in 2Q13, generating SEK 55.3bn. Operating income grew from SEK 2.1bn in 2Q12 to SEK 2.5bn, while operating margin grew from 3.8 per cent to 4.5 per cent.

The deal gives Megafon a substantial lead in the Russian LTE market.

VimpelCom brings LTE to Moscow

European operator VimpelCom has launched LTE services in Moscow. The firm’s LTE FDD services are now accessible within the central Sadovoye Ring area of the city. The operator expects LTE services to be available throughout the Russian capital by the end of 2013.

Jan Frykhammar, CFO, Ericsson

Ericsson holds steady despite loss on rollouts

Ericsson’s first quarter profits fell year on year to SEK1.2bn (€139m) from SEK8.8bn for the same period in 2012, largely due to the boost given to 1Q12 numbers by the firm’s exit from the Sony Ericsson device JV. While the vendor recorded a two per cent uptick in sales to SEK52bn it was hit by currency fluctuations and a disappointing performance from its network rollout business.

The largest number of job cuts were in the Swedish capital Stockholm.

Ericsson wraps up Swedish job cuts

Swedish vendor Ericsson has completed a series of redundancies in its home market which were first announced in November last year. 1,399 positions were cut at nine of Ericsson’s Swedish sites, with the majority in the Networks part of the business. The cuts resulted in 919 employees losing their jobs

Telstra, Optus Mobile and TPG Internet each secured spectrum

Ericsson and Telstra in LTE Broadcast trial

Australia’s leading telecoms operator Telstra has signed an extension of its partnership with Swedish vendor Ericsson that will see the two collaborate on the expansion of Telstra’s LTE network. In a briefing at Mobile World Congress on Monday the firms’ CEOs, David Thodey and Hans Vestberg signed a three-year expansion contract that Thodey described as “another multi-billion dollar deal”.

India has finally proposed spectrum sharing

Ericsson and Reliance in $1bn outsourcing partnership

Indian operator Reliance Communications has signed an eight-year managed services deal with Swedish vendor Ericsson worth $1bn that will see Ericsson assume responsibility for the operator’s fixed and wireless networks in North and West India. Reliance signed a similar deal with Alcatel Lucent—also believed to be worth $1bn—covering East and South India in January.

MTN has used Ericsson for its LTE network

MTN taps up Ericsson for LTE network in South Africa

MTN has chosen equipment vendor Ericsson to launch its LTE network in South Africa, which following a year-long trial is now live in the Johannesburg, Pretoria and Durban areas. LTE has not been deployed in the city of Cape Town at present.

Altice is keeping busy in the M&A space

Ericsson builds B/OSS bulk with ConceptWave acquisition

Swedish vendor Ericsson, which leads the infrastructure supply and service market has announced the acquisition of Canadian B/OSS provider ConceptWave. The price paid in the all-cash deal for the firm, which has 170 staff, was not revealed.

broadband-fibre-optic

Calix buys Ericsson’s fibre assets

US access solutions provider Calix has signed a definitive agreement to acquire the fibre access assets of major Swedish telecoms equipment vendor Ericsson for an unspecified amount.

Blackberry has reported a $5.87bn loss for the fiscal year ended March 1st 2014

Ericsson sees 63 per cent drop in Q2 profit

Swedish equipment vendor Ericsson has seen its profit drop 63 per cent year-on-year in 2Q12. The bottom line figure stood at SEK1.2bn ($171m), compared with SEK3.2bn in the same period a year earlier. Notably, in 1Q12, the firm recorded $8.8bn in profit.

Tower outsourcing is increasingly popular

Vendors opt out of BSNL bidding

Leading network infrastructure vendors have pulled out of negotiations with India’s state-owned telco BSNL, which is looking to expand its network. Huawei, Alcatel-Lucent, Ericsson and Nokia Siemens Networks have pulled out of the tender, claiming that they cannot match the offer from Chinese vendor ZTE.

50 per cent of mobile broadband users will be using LTE by 2017, Ericsson claims

85% of world population to have 3G by 2017, says Ericsson

Ericsson has predicted that by 2017, there will be more than five billion mobile broadband subscriptions worldwide, by which point 85 per cent of the world’s population will have 3G coverage. The Swedish vendor said that by this time, 50 per cent of the world’s population will be covered by 4G and the total number of smartphone subscriptions will reach three billion.

Tigo is bringing 3G to DRC

Airtel chooses Ericsson for Rwanda build-out

Bharti Airtel has launched its operation in Rwanda, expanding its reach in Africa to 17 markets. The operator said that it took just 83 days to build the network from scratch, claiming the network represents the fastest Greenfield launch in history of Sub-Saharan Africa. The Indian operator has also pledged to invest $100m over the next three years.

3 Italia's network will be LTE flavoured at some point this year

3 Italia taps Ericsson for LTE upgrade

Europe will soon gain another LTE network after 3 Italia announced that it has signed an agreement with Ericsson that will see the vendor upgrade the operator’s network to LTE offering speeds up to a theoretical limit of 100Mbps. The operator said the upgrade would be ready for a commercial launch in 2012, but did not give an exact time frame.

speed

Ericsson solution “triples uplink capacity in 3G networks”

Ericsson claims to have developed a solution that triples uplink capacity in HSPA networks, allowing operators with a large number of users to offer high uplink data speeds. The news comes hot on the heels of an announcement from Nokia-Siemens Networks, which has claimed it has developed a new solution to double throughput and data speeds for users at the edge of a small cell.

Ericsson CEO, Hans Vestberg

Ericsson offloads Sony Ericsson stake to Sony

The owners of handset joint venture Sony Ericsson are to part company, with Japanese electronics firm Sony acquiring the 50 per cent share of the JV held by Sweden’s Ericsson for €1.05bn. The announcement comes ten years after the formation of Sony Ericsson, which saw two struggling handset units combined in the hope of marrying Sony’s consumer electronics expertise and Ericsson’s telecoms experience.

Germany is up for carrier billing

Ericsson launches own in-app payment service

Swedish vendor Ericsson has launched an in-application payment service targeted at operators that want to allow consumers to complete purchases without having to leave a game or application. Consumers will be able to buy goods and services with just one click, whilst remaining in the app.

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