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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.
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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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