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Stock Market & Financial Investment News

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August 22, 2014
06:46 EDTERICEricsson contract with MTS upped to exceed $1.5B, Reuters says
Russia's MTS said that it had raised the value of its contract with Ericsson to exceed $1.5B, reported Reuters. MTS noted that it agreed to an extra $286M contract with the Swedish company for the broadening and modernization of its 2G, 3G and LTE networks throughout Russia. Reference Link
News For ERIC From The Last 14 Days
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September 29, 2015
05:21 EDTERICXL Axiata signs three contract with Ericsson for 4G deployment in Indonesia
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September 22, 2015
07:35 EDTERICEricsson weakness creates buying opportunity, says Bernstein
Bernstein notes that Ericsson's stock has fallen recently even though it is "broadly unaffected" by the slowdown in China. The firm thinks that the company should benefit from consolidation in the wireless space, while its gross margin and revenue trends are favorable. The firm keeps an Outperform rating on the shares.
06:04 EDTERICMTN signs agreement with Ericsson to implement Order to Cash suite
MTN signed a multi-year agreement with Ericsson to implement, support and manage Ericsson's Order to Cash suite. This solution enables MTN to standardize the customer experience of its products and services in all the markets it is operational. As part of the agreement, Ericsson will be responsible for the replacement of all legacy infrastructure with its new Charging System, Ericsson Multi Activation and Ericsson Multi Mediation across all MTN operations Ericsson will support, operate and manage this suite of products.

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