Ericsson to acquire Nortel’s wireless assets
Nortel Networks has announced that Ericsson has won the bid to acquire their wireless assets.
The deal is worth around USD 1.13 dollars.
This transaction would be conducted on a cash and debt-free basis.
It includes both CDMA and LTE operations of Nortel Networks.
This acquisition deal would however require [...]
Ericsson to invest heavily in South Korean market
Swedish telecom company Ericsson has announced that they are going to invest around USD 1.5 billion in the South Korean market in the coming years.
They are going to set up a research centre in South Korea which would focus on developing environmentally-friendly and fourth-generation telecommunications technologies.
They [...]
Sprint outsourcing network operations to Ericsson
Sprint Nextel has announced a major deal with Ericsson.
The US based mobile service giant announced that they are now transferring their day-to-day management of its network to Ericsson.
The deal would see Ericsson absorbing around 6000 Sprint workers.
The deal could be worth as much as USD 5 billion. [...]
Ericsson reports major drop in revenues
Ericsson is the market leader in the mobile phone network equipment segment.
The company has posted their latest revenue report and their net profits have gone down 70-percent in the second quarter of the year.
Ericsson has also suffered a two-thirds fall in operating margins.
The company said that they are struggling due [...]
Sony Ericsson profit drops on slowing sales
Sony Ericsson has come out with their latest revenue report and the company has reported a 48 percent drop in first-quarter net profits.
Sony Ericsson said that this was mostly due to slow sales in some of their global markets.
The company also warned that falling growth in the market for [...]
China Mobile and China Unicom signs up deals with Ericsson
Telecom equipment provider Ericsson has announced that they have signed deals with the two leading Chinese mobile service providers China Mobile and China Unicom.
These deals are worth around $1.44 billion. The company added that they would now expand the GSM networks of these companies.
The deal with [...]
Nokia Siemens Networks closing in on Ericsson in mobile network market
Market research firm Dell’Oro has said in a report that Nokia Siemens Networks is rapidly closing in on Ericsson in the mobile network market.
Nokia Siemens Networks managed to enhance its market share to 29 percent in the quarter from 25 percent a year earlier.
It gained [...]
