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Telenor says Huawei will still play role in 5G rollout

BRUSSELS (Reuters) – Telenor (TEL.OL) reiterated on Sunday Huawei would be involved in building Norway’s 5G network along with Ericsson (ERICb.ST), one of several companies to continue working with the Chinese company despite U.S. pressure. Still, on Friday, t... More »

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Ericsson to pay over $1 billion to resolve U.S. corruption probes

WASHINGTON (Reuters) – Swedish mobile telecoms company Ericsson (ERICb.ST) has agreed to pay over $1 billion to resolve probes into corruption, including the bribing of government officials, the U.S. Department of Justice said on Friday. The bribery took place... More »

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Ericsson signs China Mobile for industrial internet trials

Ericsson Chief Executive Officer Borje Ekholm holds a news conference during the Mobile World Congress in Barcelona, Spain February 26, 2018. REUTERS/Yves Herman BARCELONA (Reuters) – Sweden’s Ericsson, the world’s No.2 maker of mobile network equipment, said ... More »

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Ericsson chairman says will not stand for re-election

Ericsson Chairman of the board Leif Johansson presents Borje Ekholm as the new CEO for the Swedish telecom company Ericsson during a press conference at the company’s headquarters in Kista, Stockholm, Sweden October 26, 2016. TT News Agency/Janerik Henriksson/... More »

Ericsson plans to lay off thousands to cut costs: newspaper

STOCKHOLM Telecoms equipment maker Ericsson plans to lay off thousands of staff this summer and is considering large, additional cost cuts due to slowing markets, newspaper Svenska Dagbladet (SvD) reported on Tuesday citing anonymous sources. After quarterly p... More »

Ericsson and Cisco in network partnership to boost sales

STOCKHOLMMobile equipment maker Ericsson and U.S. networking company Cisco Systems Inc said on Monday they had agreed a business and technology partnership that should generate additional revenues of $1 billion for each company by 2018. Ericsson, whose like-fo... More »