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Stock Market & Financial Investment News

News Breaks
June 2, 2014
08:08 EDTERIC, TMUSEricsson wins contract with T-Mobile
Ericsson (ERIC) has won a contract with T-Mobile (TMUS) to improve its business and IT billing processes to drive growth and market differentiation. The update will include all branded T-Mobile and MetroPCS customers with a long-term managed services agreement for Service Agility based on Ericsson's pre-integrated OSS/BSS software suite. As part of this contract, Ericsson will leverage its Service Agility solution, which includes charging, billing, order management, product catalog and Customer Relationship Management. Ericsson will integrate and manage operations of the solution.
News For TMUS;ERIC From The Last 14 Days
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July 2, 2015
10:00 EDTTMUSOn The Fly: Analyst Initiation Summary
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July 1, 2015
17:20 EDTTMUST-Mobile initiated with a Buy at Buckingham
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15:23 EDTTMUSDISH's Ergen awaits AT&T-DirecTV approval before more T-Mobile talks, FBN says
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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 25, 2015
16:42 EDTTMUSFCC Chairman outlines changes to future spectrum auctions
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13:16 EDTTMUST-Mobile unveils ‘JUMP! On Demand’
In a press release earlier T-Mobile said, "The company kicked things off in a big way by amping up Un-carrier 2.0, its groundbreaking JUMP! program, and introducing the industry’s lowest monthly cost to get an iPhone 6 when you trade-in your smartphone. With T-Mobile’s new JUMP! On Demand, one low monthly phone payment covers the cost of a new smartphone and gives you the freedom to swap it for a new one absolutely anytime you like … at no extra cost. Which means you don’t pay a penny to walk out the door with your new smartphone today–not even sales tax, with qualifying credit. No fees to upgrade whenever you want, no waiting and no worries about paying off your old phone when you upgrade." “While the carriers are breaking every promise they’ve ever made with their knock-off upgrade programs, we’re racing full speed ahead, making one of our most popular moves even better,” said John Legere, president and CEO of T-Mobile. “JUMP! On Demand is the best way to get a new smartphone whenever you want. Zero out the door. Zero at upgrade. Zero fees. Zero wait. Zero BS.” Shares of T-Mobile are up 1.52% to $39.63 in afternoon trading.
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 23, 2015
19:31 EDTTMUST-Mobile petitions FCC to deny certain AT&T spectrum licenses
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16:29 EDTTMUSOn The Fly: Top stock stories for Tuesday
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June 22, 2015
15:04 EDTTMUST-Mobile could abandon DISH for Comcast, Forbes contributor says
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