The president and CEO of embattled chip manufacturer ST-Ericsson resigned on Monday as the company’s parents continue to struggle through divorce proceedings.
Struggling chip maker ST-Ericsson is to be shut down and dismantled, parent companies STMicroelectronics and Ericsson said Monday.
Swedish infrastructure vendor Ericsson has secured a five-year deal to manage mobile networks across Africa. The firm has signed a managed services contract with Atlantique Telecom, part of the UAE-headquartered Etisalat Group, for the operator’s Western and Central African operations.
Spanish operator group Telefonica has secured a $1bn export credit facility to purchase equipment from Swedish infrastructure vendor Ericsson over the next 10 years.
Mobile operators need to know how to innovate in mobile broadband pricing and transformation is needed both in outlook and systems to make this happen, says Jaco Fourie, senior BSS expert at Ericsson.
Last week Indian operator Reliance Communications announced a $1bn eight-year managed services deal with Ericsson, transferring network operations and management to Ericsson in Northern and Western states of India.
This follows hot on the heels of a parallel $1bn eight-year managed services contract announced in January with Alcatel-Lucent, transferring network operations and management to Alcatel-Lucent in Southern and Eastern states of India.
This week the The Informer’s phone has been ringing off the hook with event invitations, gossip and briefing opportunities for Mobile World Congress; he’s been fielding more phone calls than Findus.
Russian operator VimpelCom has signed a five-year managed services contract with Ericsson. The Swedish vendor’s first major managed services contract in Russia sees it managing Vimpelcom’s network operations at more than 10,000 sites.
Swedish operator group Tele2 has enlisted the services of compatriot Ericsson to expand and upgrade its mobile backhaul network throughout Europe. The infrastructure vendor will provide Tele2 with its Mini-Link series of microwave radio solutions as well as professional support services and training.
Swedish network infrastructure vendor Ericsson has posted a SEK6.3bn ($998m) net loss for 4Q12, bringing the firm’s net income for the full year down to SEK5.9bn, less than half of the SEK12.6bn it recorded for 2011. Sales for the quarter improved by five per cent year on year to SEK66.9bn, and remained flat for the full year at SEK227.8bn.
Swedish equipment manufacturer Ericsson has announced its intention to acquire the IT services capabilities of the Devoteam Telecom & Media operation in France.
US operator AT&T has called on Swedish vendor Ericsson to provide testing and verification for the devices it sells. Ericsson will test the performance for each manufacturer’s device to ensure they are compatible with regulatory and international carrier requirements and networks.
Connected cars are becoming an increasingly important opportunity for mobile operators and auto manufacturers Toyota and Ford will be showcasing new technologies at the 2013 Consumer Electronics Show (CES) in Las Vegas this week.
Ericsson said that the charge includes write down of assets to reflect the current best estimate of Ericsson’s share of the market value of the firm, as well as additional charges related to the available strategic options for the future of ST-Ericsson’s assets.
Swedish car manufacturer Volvo has announced it will use local infrastructure vendor Ericsson’s Connected Vehicle Cloud solution in order to allow drivers, passengers and the car to connect to services available in the cloud.
Nokia Siemens Networks and Ericsson have implemented contrasting strategies, one favouring specialisation and the other strength in breadth.
With traditional network architectures struggling to cope with more dynamic applications and services, software-defined networking (SDN) provides the answer to operators’ woes, according to research firm Ovum. The company believes SDN will be key in enabling future networks to become more flexible, scalable and intelligent.
Troubled chip vendor ST-Ericsson is to lose one of its parents, as the company looks for a way to turn its fortunes around.
European manufacturer STMicroelectronics said it has taken the decision to exit ST-Ericsson and is currently in negotiations on exit options.
Chinese equipment vendor Huawei scored a significant coup on Monday, winning a managed services contract with Hutchison-owned 3UK.
As if facing legal action over patents from fellow handset manufacturers, such as Apple, was not enough, Korean firm Samsung is now facing action from the infrastructure market after Ericsson filed a patent infringement lawsuit against the company. The Swedish vendor claims that Samsung refused to sign a license agreement on fair, reasonable and non-discriminatory (FRAND) terms, despite two years of negotiations.