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Stock Market & Financial Investment News

News Breaks
February 25, 2013
05:07 EDTTEF, ERICEricsson seleced to provide 4G/LTE network for O2
O2, a Telefónica (TEF) brand, has selected Ericsson (ERIC) to provide an Evolved Packet Core, or EPC, the core network of the LTE system, for 100% of O2's network. In addition, Ericsson will transform 50% of its nationwide network by supplying and deploying the latest RBS 6000 multi-standard radio base stations. The end result will be a nationwide multi-standard network that supports 2G/3G/4G, giving O2 the ability to manage with data traffic growth and expand its mobile coverage. Ericsson will become O2's sole supplier of EPC in the UK and deployment has commenced. This includes Evolved Packet Gateway on the SSR 8000 Smart Services Router family and SGSN-MME on the Ericsson Blade System.
News For ERIC;TEF From The Last 14 Days
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June 30, 2015
17:34 EDTERICEricsson asks for documents that may be relevant in Apple case, Re/code says
Ericsson (ERIC) has asked a a Taiwanese company, Simplo Technology, thought to be an Apple (AAPL) supplier to hand over documents that may be relevant to its patent dispute case with Apple, says Re/code. Earlier this year, Ericsson filed complaints with the International Trade Commission as well the U.S. District Court in Texas claiming that Apple’s iPhones and iPads violate patents used in setting the 2G and 4G LTE wireless communications standards, added Re/code. Reference Link
07:45 EDTTEFEU agrees to enact 'net neutrality' law, WSJ reports
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05:38 EDTERICEricsson announces LTE expansion contract with Chunghwa Telecom
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June 24, 2015
15:41 EDTTEFVivendi increases position in Telecom Italia to 14.9%
Vivendi (VIVHY) announced that it has received 1.11B ordinary shares, or 8.24%, of Telecom Italia (TI) in exchange for 4.5% of the share capital of Telefonica Brasil (VIV), in accordance with the option given to it as part of the sale of GVT to Telefonica (TEF). Separately, Vivendi increased its ordinary shares in Telecom Italia from the recently purchased 1.9% with an additional stake of 4.76% purchased on June 22 for a total of 6.66%, representing a global cash payment of approximately EUR1B. Vivendi now owns 14.9% of Telecom Italia’s ordinary shares and has thus replaced Telefonica as the company’s largest shareholder. "This investment represents an opportunity for Vivendi... to expand in a market with significant growth prospects and a very strong appetite for quality content. Vivendi intends to support Telecom Italia over the long term," said the company.
10:38 EDTERICEricsson announces deal with SaskTek to provide M2M connectivity
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05:31 EDTERICEricsson provides update on cost and efficiency program
The global cost and efficiency program, announced at Ericsson's Capital Markets Day on November 13, 2014, is progressing according to plan. The ambition is to achieve savings of approximately SEK 9B., with full effect during 2017. As part of the global program, on March 11, 2015, Ericsson announced that 2,200 positions in Sweden, mainly in R&D and Supply, were subject to notice. As the next step of this activity, individuals on different locations in Sweden have been given notice during June. In total, there will be a reduction of approximately 2,100 positions, with some 1,700 employees leaving the company.For Q2, restructuring costs of approximately SEK 2.5B are expected. These estimated costs include normal ongoing restructuring as well as charges related to the cost and efficiency program, this quarter primarily driven by changes in Sweden. Savings related to this specific activity will start to impact results towards the end of 2015.

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