Ericsson buys Telcordia for $1.15bn
Ericsson has announced its purchase of OSS/BSS giant Telcordia in a $1.15bn all cash deal. Ericsson CEO Hans Vestberg said the deal reflected the growing importance of operations and business support...
View ArticleEricsson 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...
View ArticleEricsson improves profit despite drop in sales
Leading infrastructure and solutions vendor Ericsson has reported a 38 per cent increase in net profit year on year for the third quarter of 2013, despite sales dropping by three per cent on the same...
View ArticleEricsson boosted by patent deal; Vestberg quashes Microsoft rumour
Swedish equipment vendor Ericsson reported flat sales for the fourth quarter and full year 2013, while net earnings were boosted by the patent licensing agreement with Samsung reported last week. The...
View ArticleEricsson restructures Networks unit for virtualization push
Swedish vendor Ericsson has reorganized its networks division, splitting it into two new business units; Radio and Cloud & IP. The Cloud & IP unit will drive Ericsson’s work on virtualization,...
View ArticleRima Qureshi to lead Ericsson strategy
Ericsson has announced Rima Qureshi, a 20-year veteran of the company, as its new chief strategy officer, following the resignation of Doug Gilstrap earlier in April. Gilstrap joined Ericsson in 2009....
View ArticleEricsson CEO resigns after sustained market struggles
Ericsson CEO Hans Vestberg has stepped down with immediate effect, the Swedish vendor has confirmed, as it continues to struggle in challenging market conditions. After another difficult quarter for...
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