Can you remember what you were doing ten years ago this week? Were you sitting in a hot tub sipping champagne, surrounded by beautiful people? Were you kitting out your office with high end leather chairs, beer fridges and an expensive games room? Were you dreaming up a talking sock puppet mascot? Were you taking out an enormous mortgage? Were you hatching plans for a new dotcom launch that would make you a millionaire and enable all of the above?
Swedish vendor Ericsson turned in a gloomy set of results on Monday, with figures weighed on by heavy restructuring costs and the less than stellar performance of its joint venture businesses.
The economic downturn has hit handset replacement volumes hard, reducing sales to single digit growth for the first time since 2001. At the same time, competition has intensified throughout the handset value chain as players at every stage strive to increase value for their customers and the end user.
The past year has been particularly challenging for Europe’s mobile operators, in light of the economic downturn and the growing impact of regulatory measures. These factors and heightened competition in the industry have caused operators to focus on costs and operational efficiency.
As the rest of the world struggled in the grip of the economic crisis, the Middle East has remained a bastion of growth. Even as Dubai welcomes the telecoms industry’s biggest and brightest players, the dust was already settling on a financial setback which shook the local market only days before.
It’s not often we write about German vendor Siemens anymore, given its departure from the telecoms space. But the firm is still paying for its joint venture with Nokia, on Thursday announcing an impairment charge of €1.634bn on its partnership in Nokia Siemens Networks (NSN).
The impact of the economic downturn and accompanying shift in consumer behaviour, coupled with intense competition has forced mobile operators across Europe to change their strategies, with many reducing capital expenditure and others introducing discounted pricing models.
Infrastructure vendor Nokia Siemens Networks (NSN) said Tuesday that almost 6,000 staff face the axe as it seeks to reduce annualised operating expenses and production overheads by €500m by the end of 2011.
Incoming Ericsson CEO Hans Vestberg on Monday nominated his successor to take the position of chief financial officer.
The latest bout of financial results give an interesting view on where the power is in the mobile industry. While the traditional telco firms continue to take a battering in the economic storm, everything is coming up roses for Apple and Google.
Well, the Samsung Galaxy S2 LTE is already sold in Sweden by Telia so I guess Vodafone is not first.
The ...
When we think of mobile communication there are a few images that flash in ones mind: one of the ongoing ...
Ericson is turning out to be a dissapointment especially in the way they are handling emerging markets:case in point - ...
Dimitris,you have it completely right with Operators focussing on increasing performance which will improve cusotmer experience. That is why ...
Loading ...