Nokia to replace CEO Rajeev Suri
With Nokia’s turnaround still seemingly distant, the Finnish networking vendor has decided it’s time for some fresh leadership.
With Nokia’s turnaround still seemingly distant, the Finnish networking vendor has decided it’s time for some fresh leadership.
Ericsson invited me to hang out with them in Stockholm for a couple of days so I did and here’s what I got up to.
With the dust settled following Nokia’s Annual General Meeting now is the time to look at whether any of the changes will have a meaningful impact on the business.
Börje Ekholm, CEO of Ericsson, laid out his updated strategy at this company’s AGM and seems to have taken inspiration from the world of politics.
Further evidence that operators are increasingly looking to go it alone on networking tech as Rima Qureshi joins her old Ericsson boss at Verizon.
Activist investor group Cevian Capital has acquired a 5.6% stake in struggling networking company Ericsson, resulting in a share price spike to the highest level for seven months.
Swedish kit vendor Ericsson has announced the promotion of Erik Ekudden, who has been with the company for 24 years, to Chief Technology Officer.
US networking giant Cisco announced it is adding 1,100 further job losses and forecast a 5% revenue decline for the coming quarter.
Having spent the first quarter of the year reviewing the state of his company, Ericsson CEO Börje Ekholm has now unveiled his grand plan to turn the company around.
With the apparent aim of boosting its services business, Nokia has made some changes to its organizational structure and had a consequent reshuffle of its executive team.
The UK government has unveiled its 5G strategy, expanding on fairly generic statements in the Spring budget.
Börje Ekholm’s cautious first public outing as CEO featured a sporting mantra that has also become a corporate favourite.
Samih Elhage, President of Mobile Networks at Nokia, offered an update on the recently-announced corporate strategy, including plans for diversification.
Nokia has had its first investor day four two years and the underlying message was not to expect much growth any time soon.
Ericsson held its 2016 investor day after an exceptionally difficult year for the company and did its best to remain optimistic.
Swedish network giant Ericsson stressed the importance of transformation at its AGM this week and also managed to bank a couple of major deals in Mexico and Brazil.
Dutch telco KPN told its capital markets day that it plans to embark on a second wave of cost savings, which should amount to at least €300 million by the end of 2019.
Swedish telco continues its strategic overhaul following the collapse of its proposed Danish move with Telenor by appointing Anders Olsson as Chief Operating Officer.
Sprint is aiming to cut costs by up to $2.5 billion in the next six months and will freeze external hiring, according to a staff memo from CFO Tarek Robbiati leaked to the Wall Street Journal.
Mobile telco Orange has defined its plans for the next five years in a manifesto it has dubbed Essentials2020, with an emphasis on expansion in Africa, the Middle East and Spain and the mobile financial services vertical market.
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