ERIC - Telefonaktiebolaget LM Ericsson (publ)

Ericsson (ERIC) Partners With Intel to Augment 5G in Thailand

Ericsson (ERIC) collaborated with Intel to accelerate seamless 5G adoption, develop various 5G applications to support enterprises and expedite digital transformation in Thailand.

Ericsson (ERIC) Teams Up With MediaTek to Boost 5G Upload Speed

Ericsson (ERIC) partnered with MediaTek to demonstrate a record 5G upload speed of 440 Mbps leveraging RAN Compute Baseband 6648 and a mobile device equipped with MediaTek 5G smartphone chipset.

Tipster on Ericsson won SEC's largest ever whistleblower award of $279 million -WSJ

The SEC declined to comment, while Ericsson did not immediately respond to Reuters requests for comment. The regulator did not name the enforcement action underlying the award and did not identify the tipster in keeping with whistleblower protection rules. Ericsson in 2019 agreed to pay more than $1 billion to resolve probes into corruption, including the bribing of government officials in countries including China, Vietnam and Djibouti.

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Ericsson beats US shareholder lawsuit over graft disclosures

The lawsuit filed by a Boston-based pension fund claimed that Ericsson had overstated the extent to which it had eliminated the use of bribes after it settled corruption allegations made by the U.S. Department of Justice (DOJ). U.S. District Judge William Kuntz in Brooklyn, New York, wrote that Ericsson had issued "ubiquitous warnings" to investors raising "the possibility of future compliance failures" after the agreement.

Ericsson (ERIC) to Boost DNB's Cybersecurity Applications

Digital Nasional Berhad selected Ericsson's (ERIC) Security solution to boost the cyber defense of its 5G network with automated security management.

India boosts Ericsson's quarterly profit as US dials down

STOCKHOLM (Reuters) -Sweden's Ericsson on Tuesday reported first-quarter core earnings that beat expectations, supported by stronger sales of 5G equipment in countries such as India, but sales in more established markets fell and eroded margins. The sales growth in the quarter was mainly from fiercely price competitive markets such as India rather than high-margin markets like the U.S. "India is strong and a good example where our sales are up five times," Chief Financial Officer Carl Mellander said in an interview.

Will Top-Line Growth Aid Ericsson's (ERIC) Earnings in Q1?

Ericsson (ERIC) is witnessing positive demand trends backed by its comprehensive 5G product portfolio. The company is expected to record higher revenues year over year.

Ottawa to support Ericsson Canada on $470 million project to develop faster networks

OTTAWA — The federal government is partnering with wireless networking technology company Ericsson Canada to invest more than $470 million in a project that aims to push research and development toward creating 5G and 6G networks. Prime Minister Justin Trudeau made the announcement today alongside Industry Minister François-Philippe Champagne in Ottawa. The project is supposed to create and provide training for hundreds of jobs in Ottawa and Montreal, while establishing Canada as one of Ericsson

Ericsson (ERIC) Deploys Advanced 5G Network Slicing in Taiwan

Ericsson (ERIC) collaborated with Far EasTone Telecommunications (FET) and TVBS to deploy advanced 5G network slicing technology for live streaming of the Wan Jin Shi Marathon event.

Ericsson's (ERIC) Cradlepoint Buys Ericom to Boost SASE Bouquet

The acquisition will strengthen Ericsson's (ERIC) market position as a leading mobile infrastructure provider and establish a focused enterprise business.

Ericsson (ERIC), Intel Partner for Malaysia 5G Proliferation

Ericsson (ERIC) and Intel intend to work in unison to develop 5G use cases in sectors such as manufacturing, transport and logistics.

Ericsson's board rebuked by shareholders at AGM for second year in a row

Under Swedish law, if board members are not discharged of their liabilities for the previous year by shareholders owning at least 10% of the stock they can be sued by the company and its investors. Shareholders are upset with the company's perceived mishandling of alleged bribery cases. Ericsson was fined 207 million dollars earlier this year by the U.S. authorities for not properly disclosing that a 2019 investigation had found the company may have paid bribes to militant organisations in Iraq.

Ericsson (ERIC) Sets Up Quantum Research Hub in Canada

Ericsson's (ERIC) quantum research hub is likely to provide the perfect test bed for academic challenges with requisite networking competence and facilities to conduct advanced research.

Ericsson (ERIC) Solution to Aid UK Network Modernization

Ericsson (ERIC) will offer its industry-leading 4G and 5G Radio Access Network (RAN) technology to Virgin Media O2 to accelerate network modernization in the United Kingdom.

Ericsson (ERIC) to Pay $206M Fine for Corruption Violations

The recent fine pertains to the charges that Ericsson (ERIC) has failed to "truthfully disclose" all information and evidence in the Djibouti and China cases and in other potential bribery or accounting violations.

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. The Swedish maker of 5G networks notified staff of the measures in an internal company memo this week, according to reports by the Reuters news agency. Ericsson said the majority of the cuts would take place in the first half of 2023, but more would follow in 2024.

Ericsson to lay off 8,500 employees -memo

STOCKHOLM (Reuters) -Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. While technology companies such as Microsoft, Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson's move would be the largest layoff to hit the telecoms industry. "The way headcount reductions will be managed will differ depending on local country practice," Chief Executive Borje Ekholm wrote in the memo.