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Stock Market & Financial Investment News

News Breaks
January 21, 2013
12:59 EDTERICEricsson to acquire IT services capabilities from Devoteam in France
Ericsson announces its intention to acquire Devoteam Telecom & Media operations in France. Devoteam is a leader in Information and Communications Technology consulting with 5000 employees in Europe, Middle East and Africa. The completion of the acquisition is subject to consultation and customary closing conditions. It is expected to take place by the beginning of Q2, 2013. The deal will see 400 skilled, France-based, IT services professionals join Ericsson. It includes also the acquisition of TV SmartVision operations.
News For ERIC From The Last 14 Days
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September 1, 2015
07:55 EDTERICSeveral telecom equipment stocks attractive after pullback, says Bernstein
Bernstein says that Ericsson (ERIC), Nokia (NOK), and Alcatel-Lucent (ALU) have fallen about 10% recently, even though all three have "limited exposure" to China, according to the firm. The firm adds that all three are defensive in relation to macro economic growth. It keeps Outperform ratings on all three names.
August 31, 2015
11:03 EDTERICEricsson signs OSSii license agreements with Cisco and Tektronix
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August 27, 2015
05:37 EDTERICEricsson renews playout services contract with ITV
Ericsson announced that it has renewed its playout services contract with ITV, the UK's leading commercial television network. The contract, which has been extended until 2024, will see Ericsson continue to provide playout services for ITV's portfolio of channels including ITV, ITV2, ITV3, ITV4, ITV HD and CITV and their associated regional variants as well as ITV's newest TV channels, ITV Encore and ITVBe. As part of the contract, Ericsson has designed, built and integrated a state-of-the-art scalable simulcast platform for ITV. The modular infrastructure will allow ITV the flexibility to deliver new services and launch existing services onto new platforms, easily and with a high level of resilience.

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