Ericsson has entered into a binding agreement with Koch Equity Development in relation to the sale of iconectiv. Ericsson’s cash benefit from the Transaction, after the settlement of anticipated taxes, transaction expenses, and other liabilities, is expected to be approximately SEK 10.6 billion (€0.92bn). Ericsson expects to record a one-off EBIT benefit of approximately SEK […]
TMT Insights, a provider of consulting, implementation services, and operations software for the media and entertainment (M&E) industry, has announced the appointment of Nav Khangura as VP of Sales and Business Development. He will be responsible for expanding TMT’s footprint across EMEA, focusing on accelerating the company’s market presence and driving sales growth across its […]
Communications technologist Ericsson and smartphone vendor OPPO have signed a multi-year global patent cross licence agreement. This includes a cross licence covering patents essential to standards for cellular technologies, including 5G. OPPO will make royalty payments to Ericsson. In addition to a cross licence, OPPO and Ericsson will conduct business cooperation on a number of […]
Ericsson has reported second quarter results for 2024. Börje Ekholm, President and CEO, commented: “In Q2, we maintained our leading market position, returned to growth in North America, and delivered strong gross margin expansion and free cash flow. We remained focused on matters in our control, to optimise our business amid a challenging market environment, […]
Ericsson has announced the appointment of Patrick Johansson as its new Head of Market Area Middle East & Africa (MMEA) and Senior Vice President. Johansson, who is currently Head of Business Control & Operations at Ericsson’s Business Area Cloud Software & Services, will replace Fadi Pharaon whose decision to leave Ericsson was announced in May. […]
Movies starring clones of friends, simulating the future, personal digital assistants, and AI-driven beauty operations are some of the ways AI is expected to impact everyday life in the 2030s, according to technology early adopters polled by Ericsson. Research published by Ericsson ConsumerLab titled 10 Hot Consumer Trends 2030s – the AI-Powered Future, captures responses […]
Ericsson has announcesd that Fadi Pharaon, Senior Vice President and Head of Market Area Middle East & Africa, has decided to leave the company to pursue other opportunities. Pharaon has held his current position since 2019 but has been with Ericsson for 26 years during which time he has held several management positions within the […]
During their 83rd General Assembly, ETSI members elected the ETSI Director-General Jan Ellsberger with a majority on the third ballot. ETSI’s Director-General is elected for a five-year term of office, which may be extended by the members for a further three years. From 1995 to 1998 Ellsberger worked as a permanent expert and was responsible […]
Ericsson has reported that sales declined organically by 14 per cent YoY in Q1, attributed to a 19 per cent decline in Networks. Reported sales decreased to SEK 53.3 billion (€4.59bn). Gross income excluding restructuring charges decreased to SEK 22.8 billion as lower sales were partly offset by an improvement in gross margin. Reported gross […]
Ericsson, as previously outlined, expects a challenging mobile networks market in 2024, with further volume contraction as customers remain cautious. In line with managing lower volumes, Ericsson has announced staff reductions in Sweden. The company says the measure “is part of the global initiatives to improve the cost position, including headcount reductions, while maintaining investments […]