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January 23, 2024
Swedish telecoms giant Ericsson reported a decline in fourth-quarter operating profit on Tuesday. When excluding restructuring charges, Ericsson's earnings before interest and taxes (EBIT) amounted to 7.4 billion Swedish kronor ($709 million), slightly lower than the 8.1 billion Swedish kronor recorded in the same period last year. Net sales for the fourth quarter reached 71.88 billion kronor, which was a 16% decrease compared to the previous year. The decline in sales was primarily driven ...
January 23, 2024
Swedish telecoms equipment giant Ericsson warned Tuesday that it expected further market decline outside China this year after booking a sizeable loss in 2023 due to a write-down and restructuring costs.
January 23, 2024
Effective as of April 1, 2024Member of Ericssons Executive Team, reporting to the CEOSTOCKHOLM, Jan. 23, 2024 /PRNewswire/ -- Ericsson today announces the appointment of Lars Sandström as its...
January 23, 2024
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
January 23, 2024
On January 22, Viettel IDC and Saigon Asset Management (SAM) signed a strategic agreement to grow Vietnams digital infrastructure and presence in the market.
January 23, 2024
Ericsson expects challenges in the mobile-network industry to continue this year as customers remain cautious on their spending and as the investment pace…
January 23, 2024
Swedish telecommunications equipment vendor Ericsson has partnered with Canadian telecommunications company Telus to launch and optimise its 5G standa...
January 23, 2024
By Dominic Chopping STOCKHOLM--Ericsson expects challenges in the mobile-network industry to continue this year as customers remain cautious about spending...
January 23, 2024
STOCKHOLM, Jan. 23, 2024 /PRNewswire/ --
January 23, 2024
STOCKHOLM (Reuters) -Ericsson said it expects further decline in 5G gear demand from mobile operators this year including in key growth market India, after beating fourth-quarter operating profit expectations on Tuesday helped by software sales. Telecoms equipment suppliers are expecting a challenging 2024 as 5G equipment sales - a key source of revenue - are slowing in North America, while India, a high growth market, is also set for a slowdown. "We expect the current market uncertaintie...