Swedish vendor Ericsson has completed a series of redundancies in its home market which were first announced in November last year. 1,399 positions were cut at nine of Ericsson’s Swedish sites, with the majority in the Networks part of the business. The cuts resulted in 919 employees losing their jobs
Ericsson’s first quarter profits fell year on year to SEK1.2bn (€139m) from SEK8.8bn for the same period in 2012, largely due to the boost given to 1Q12 numbers by the firm’s exit from the Sony Ericsson device JV. While the vendor recorded a two per cent uptick in sales to SEK52bn it was hit by currency fluctuations and a disappointing performance from its network rollout business.
Telecoms.com met with Ericsson CEO Hans Vestberg at Mobile World Congress in February. He shared his thoughts on the evolution of the operator and vendor markets and explained that managing the pace of change is his greatest challenge.
British Telecom TV ads of the ‘80s are fondly remembered. Their star, suburban housewife Beattie (geddit?), encouraged a nation to talk. In one famous ad, Beattie comforts her hapless grandson about his dismal exam results. Discovering he’s at least passed sociology, she exclaims: “You get an Ology, you’re a scientist!” Many telecom operators think the same about [...]
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 briefing at Mobile World Congress on Monday the firms’ CEOs, David Thodey and Hans Vestberg signed a three-year expansion contract that Thodey described as “another multi-billion dollar deal”.
Indian operator Reliance Communications has signed an eight-year managed services deal with Swedish vendor Ericsson worth $1bn that will see Ericsson assume responsibility for the operator’s fixed and wireless networks in North and West India. Reliance signed a similar deal with Alcatel Lucent—also believed to be worth $1bn—covering East and South India in January.
MTN has chosen equipment vendor Ericsson to launch its LTE network in South Africa, which following a year-long trial is now live in the Johannesburg, Pretoria and Durban areas. LTE has not been deployed in the city of Cape Town at present.
Bengt Nordstrom, founder of industry consultancy NorthStream, shares a series of predictions for the mobile industry in 2013. In this fourth instalment he says that the managed services market will consolidate next year, down to a three-player market, as competition intensifies.
Swedish vendor Ericsson, which leads the infrastructure supply and service market has announced the acquisition of Canadian B/OSS provider ConceptWave. The price paid in the all-cash deal for the firm, which has 170 staff, was not revealed.
US access solutions provider Calix has signed a definitive agreement to acquire the fibre access assets of major Swedish telecoms equipment vendor Ericsson for an unspecified amount.
Swedish equipment vendor Ericsson has seen its profit drop 63 per cent year-on-year in 2Q12. The bottom line figure stood at SEK1.2bn ($171m), compared with SEK3.2bn in the same period a year earlier. Notably, in 1Q12, the firm recorded $8.8bn in profit.
If you watched Wimbledon’s epic showdown live on television, then you have Telstar to thank. Launched 50 years ago, the Telstar-1 satellite, brainchild of Bell Labs, made international live broadcasts possible. On July 10, 1962, the age of global communications truly began.
Leading network infrastructure vendors have pulled out of negotiations with India’s state-owned telco BSNL, which is looking to expand its network. Huawei, Alcatel-Lucent, Ericsson and Nokia Siemens Networks have pulled out of the tender, claiming that they cannot match the offer from Chinese vendor ZTE.
Ericsson has predicted that by 2017, there will be more than five billion mobile broadband subscriptions worldwide, by which point 85 per cent of the world’s population will have 3G coverage. The Swedish vendor said that by this time, 50 per cent of the world’s population will be covered by 4G and the total number of smartphone subscriptions will reach three billion.
Bharti Airtel has launched its operation in Rwanda, expanding its reach in Africa to 17 markets. The operator said that it took just 83 days to build the network from scratch, claiming the network represents the fastest Greenfield launch in history of Sub-Saharan Africa. The Indian operator has also pledged to invest $100m over the next three years.