Page 88 - Ericsson News Today

SINGAPORE, January 25, 2024--Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ: ERIC), has released its Global Customer Engagement Report 2024. The 12th annual report outlines data and insights into customer communications preferences with businesses, highlighting emerging trends that emphasise the need to augment these interactions with artificial intelligence (AI) to enhance customer engagement. The 2024 re

Ericsson announced a second round of climate targets had been approved by the Science Based Targets initiative.

“India saw a decline in the quarter, primarily in Mobile Networks reflecting the fact that the significant 5G deployments which started in the year-ago quarter have normalized. In addition there were declines in Network Infrastructure in both Optical Networks and Fixed Networks,” Nokia, which follows the January-December financial year, said in its earnings statement.

Nokia expects a demand recovery in the second half of the year, it said on Thursday after weak sales of 5G equipment were offset by the Finnish telecom gear maker's tight lid on costs to achieve forecast-beating quarterly operating profit. Telecoms equipment suppliers such as Nokia and rival Ericsson are set for a challenging year as mobile operators cut back on purchasing new 5G gear. The weaker demand has prompted the likes of Nokia and Swedish rival Ericsson to rein in costs, including...

Finnish telecom equipment supplier Nokia on Thursday reported a 27% drop in fourth-quarter operating profit, hurt by lower demand for 5G gear across North America and a slowdown in markets such as India, but still beat expectations.

Ericsson 5G: Nokia has reported a 33% year-over-year fall (30% decline in constant currency) in net sales to 379 million euros in India in Q4 2023. Likewise, its Swedish rival Ericsson this week reported a 40% sequential fall in India sales in the December quarter amid a scaling back of network investments by the countrys top telcos after a period of fast-paced 5G network rollouts.

Nokia expects the challenging environment of 2023 to continue during the first half of 2024, particularly in the first quarter.

Nokia on Thursday said that it will begin a 600 million euro ($653 million) share buyback this quarter after it reported that its profit plunged in 2023.

By Dominic Chopping Nokia expects the challenging network industry environment to continue through the first half of 2024 as operator spending remains muted,...

AT&T blamed its lower-than-expected 2024 profit forecast in part on its plan to tear out Nokia's equipment from its network and replace it with 5G equipment…