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Stock Market & Financial Investment News

News Breaks
August 20, 2014
05:20 EDTVOD, ERICEricsson to upgrade Vodafone Australia network
Vodafone (VOD) Hutchison Australia, or VHA, has chosen Ericsson (ERIC) as a sole supplier to replace and upgrade the complete core network for their national network. With the latest core technology, including Ericsson's solutions for Evolved Packet Core and IP Multimedia Subsystem, or IMS, policy control and circuit-switched core, VHA will further enhance network robustness, performance and resiliency. Ericsson will provide integration services for voice and packet core that will support VHA to transform its operations business and enable a more enriched customer offering. Over the period of the 5 year agreement Ericsson and VHA have committed to fully virtualize their core network.
News For ERIC;VOD 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 EDTVODEU 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
10:38 EDTERICEricsson announces deal with SaskTek to provide M2M connectivity
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06:12 EDTVODLiberty Global to focus on growing in existing European markets, Reuters says
Liberty Global (LBTYA) CEO Michael Fries told Germany's Handelsblatt that the company plans to focus on growing in its existing markets in Europe, Reuters reports, and that markets where the company is not active "do not interest us." Though Fries did not comment on talks with Vodafone (VOD), he said Liberty does not need to buy other companies to grow in the markets where it already operates. Reference Link
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.
June 23, 2015
10:00 EDTVODOn The Fly: Analyst Upgrade Summary
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05:27 EDTVODVodafone upgraded to Buy from Neutral at Nomura
June 21, 2015
19:21 EDTVODFox rejects offers from Vodafone, Vivendi for Sky stake, Telegraph says
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June 17, 2015
05:37 EDTERICEricsson selected by Smile Communications for 4G/LTE managed services
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