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News Breaks
March 31, 2014
05:29 EDTERICEricsson named network supplier, managed service provider for Telenor in Myanmar
Ericsson announced that it has been awarded a 5-year contract for multivendor managed services to support Telenor's nationwide network rollout. Telenor's network in Myanmar is expected to cover 90% of the country's population of more than 60M in five years. It will be a multi-standard network comprising 2G and 3G to provide customers with both excellent voice quality and high-speed data connectivity. The multi-standard network combines GSM/EDGE, WCDMA/HSPA, LTE, IP-based transport systems and its common Operations Support Systems in a fully optimized RAN. This provides flexibility for the network to be tailored to the traffic profile in different parts of the country, and to integrate new spectrum bands as they become available. In preparation for the network deployment, Ericsson announced that local hiring will continue over the next few months, and that investments in training and development have taken place over recent months for those already on board. In addition, Ericsson will be drawing on specialist expertise from similar deployments elsewhere in the world.
News For ERIC 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
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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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 17, 2015
05:37 EDTERICEricsson selected by Smile Communications for 4G/LTE managed services
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