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April 24, 2014
06:02 EDTERICEricsson announces division of business unit networks into two units
Ericsson announced the establishment of two new business units in a move to accelerate transformation and support growth. The company will split current business unit Networks into two new units, business unit Radio and business unit Cloud & IP. The change in organization will enable more focus on the needs of each business while maintaining an end-to-end view on the full networks operations. New business unit Radio will build on industry's most competitive radio portfolio to leverage leading position. New business unit Cloud & IP to capture opportunities with virtualization for the IP and core portfolio based on number one position in telecom core networks. The two new organizations are estimated to be effective on July 1, with the BU Management team and organizational structure in place. Complete transformation is expected to be finalized during Q3. For 2014 there will be no change in financial disclosures.
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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