Hans VestbergRSS

Ericsson boosted by patent deal; Vestberg quashes Microsoft rumour

Ericsson

Swedish equipment vendor Ericsson reported flat sales for the fourth quarter and full year 2013, while net earnings were boosted by the patent licensing agreement with Samsung reported last week.

Ericsson improves profit despite drop in sales

Ericsson-logo.png

Leading infrastructure and solutions vendor Ericsson has reported a 38 per cent increase in net profit year on year for the third quarter of 2013, despite sales dropping by three per cent on the same period in 2012. Profit for the quarter stood at SEK3bn ($472m), while sales were at SEK53bn.

The pace of change

Hans Vestberg, CEO, Ericsson

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.

Ericsson and Telstra in LTE Broadcast trial

Telstra has extended its partnership with Ericsson

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”.

Ericsson buys Telcordia for $1.15bn

Ericsson has announced its purchase of OSS/BSS giant Telcordia in a $1.15bn all cash deal. Ericsson CEO Hans Vestberg said the deal reflected the growing importance of operations and business support systems in an environment where “more and more devices are connected, services become mobile and new business models for mobile broadband are introduced.”

@telecoms