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Stock Market & Financial Investment News

News Breaks
February 25, 2013
05:07 EDTERIC, TEFEricsson 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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September 29, 2014
11:50 EDTERICEricsson set to buy Ambient Corp.out of bankruptcy, WSJ says
Ericsson is set to acquire Massachusetts-based Ambient Corp. for $7.5M, says the Wall Street Journal. Ambient filed for bankruptcy on July 28 because it was having trouble selling its "smart grid" technology to power companies, added the Wall Street Journal. Reference Link
07:03 EDTERICNeuStar plans to send report to FCC this week, NY Times says
NeuStar (NSR) plans this week to send the Federal Communications Commission a 45-page report done by former secretary of the Department of Homeland Security, Michael Chertoff, New York Times says. The report discusses national security concerns should NeuStar lose its $446M phone call routing contract to Ericsson (ERIC), as recommended to the FCC by a private phone-industry panel, the paper adds. Reference Link
September 24, 2014
09:59 EDTERICOn The Fly: Analyst Downgrade Summary
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07:56 EDTERICEricsson downgraded to Neutral at UBS
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05:22 EDTERICEricsson downgraded to Neutral from Buy at UBS
September 23, 2014
11:42 EDTTEFTelefonica mulls range of tie-up options with Grupo Televisa, Reuters says
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September 22, 2014
09:49 EDTERICEricsson to hold a briefing
CEO Vestberg provides a briefing on sustainability and corporate responsibility initiatives at the NASDAQ offices in New York on September 22 at 10:30 am.
09:06 EDTERICEricsson acquires majority stake in Apcera
Apcera also announced that Ericsson has acquired a majority stake in the company. In addition, Ericsson has made a significant commitment to fund future operations and fuel growth and sales channel expansion. The all-cash deal is expected to close in Q4 and marks the most significant investment to date in deploying the next generation of PaaS technology. Apcera will retain its name and operate as a standalone company. Founder and CEO Derek Collison will continue as CEO. The company plans to immediately accelerate hiring as it prepares for expected growth.
07:14 EDTERICGSM Association to hold a conference
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September 19, 2014
06:17 EDTTEFTelefonica acquires Brazil's GVT from Vivendi
Spanish telecom company Telefonica (TEF) agreed to buy Brazilian telecom unit Global Village Telecom, or GVT, from Vivendi (VIVHY) for EUR4.66B in cash as well as a payment in shares representing 12.0% of the share capital of Telefonica Brasil, after its integration with GVT. As part of the agreement, Vivendi has accepted Telefonica’s offer to acquire 1.1B ordinary shares held by Telefonica in Telecom Italia (TI), currently representing 8.3% of Telecom Italia’s voting share capital (corresponding to 5.7% of its total share capital), in exchange of 4.5% of Vivendi’s capital in the company resulting from the integration between Telefonica Brasil and GVT.
September 18, 2014
06:05 EDTTEFAmazon partners with Bango, Telefonica Deutschland on carrier billing services
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05:15 EDTERICEricsson discontinues development of modems
Ericsson announced it will discontinue future development of modems and shift parts of resources in modems to radio network R&D to better capture growth opportunities in this area. The change in strategy for modems comes as the company completes its previously communicated evaluation of the future of the modems business. In order to capture opportunities in radio networks, especially within small cells, energy efficiency and M2M, Ericsson has an immediate need to increase its R&D resources by approximately 500 people. Parts of the Modems organization have a relevant R&D competence base to support this growth.
September 17, 2014
09:22 EDTTEFTelecom Italia not holding talks with Oi, Tim Participacoes says,Reuters reports
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September 16, 2014
11:18 EDTTEFTelecom Italia says mulling buyout of Oi S.A., Bloomberg says
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