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Stock Market & Financial Investment News

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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January 22, 2015
11:32 EDTERICF5 Networks plummets after Q2 outlook trails estimates
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January 15, 2015
13:07 EDTERICNetworking trends seen as boon for Cisco, others
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07:02 EDTERICTrends positive for data networking names, says Bernstein
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06:17 EDTERICVodafone CTO Steve Pusey to retire, Johan Wibergh appointed as successor
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January 14, 2015
05:49 EDTERICApple sues Ericsson over patent royalty rates, Bloomberg says
Apple (AAPL) filed a lawsuit against Ericsson (ERIC) in the U.S. District Court for the Northern District of California, stating that Ericsson's royalty rates are excessive and its patents are not essential to LTE standards, reports Bloomberg. Reference Link
05:28 EDTERICEricsson files complaint against Apple in U.S. District Court
Following Apple's (AAPL) action, Ericsson (ERIC) has filed a complaint in the U.S. District Court for the Eastern District of Texas requesting a ruling on Ericsson's proposed global licensing fees with Apple. During the past two years of negotiations, the companies have not been able to reach an agreement on licensing of Ericsson's patents that enable Apple's mobile devices to connect with the world and power many of their applications. Ericsson filed the suit in order to receive an independent assessment on whether Ericsson's global licensing offer complies with Ericsson's fair, reasonable, and non-discriminatory, or FRAND, commitment. The global license agreement between Ericsson and Apple for mobile technology has expired and Apple has declined to take a new license on offered FRAND terms. Ericsson's Q4 IPR revenue will include payment from Apple under previous agreement. Every Apple smartphone and tablet with cellular capability uses technology from Ericsson. On January 12, Apple filed a lawsuit asking the U.S. District Court for the Northern District of California to find that it does not infringe a small subset of Ericsson's patents.

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