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February 14, 2013
06:00 EDTVIP, ERICVimpelCom signs 5-year managed services contract with Ericsson
VimpelCom (VIP) has signed a managed services contract with Ericsson (ERIC). Under the five year agreement, Ericsson will manage network operations on VimpelCom's behalf at more than 10,000 sites, as well as overseeing more than 10,000km of optical transport cables and an extensive fixed network across Siberia and the Urals in Russia. Ericsson will be responsible for network operations and field maintenance for active and passive network components, for the operator's mobile, fixed and transport networks. As part of the agreement over 400 VimpelCom employees spread over 41 locations across Siberia and the Urals will be transferred to Ericsson in April.
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September 18, 2014
05:15 EDTERICEricsson discontinues development of modems
Ericsson announced it will discontinue future development of modems and shift parts of resources in modems to radio network R&D to better capture growth opportunities in this area. The change in strategy for modems comes as the company completes its previously communicated evaluation of the future of the modems business. In order to capture opportunities in radio networks, especially within small cells, energy efficiency and M2M, Ericsson has an immediate need to increase its R&D resources by approximately 500 people. Parts of the Modems organization have a relevant R&D competence base to support this growth.
September 16, 2014
05:39 EDTVIPVimpelCom, Global Telecom Holding to sell interest in Wind Canada
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September 15, 2014
17:52 EDTVIPVimpelCom close to divesting Wind Mobile stake for $270M, WSJ reports
VimpelCom is nearing a deal to divest its stake in Canadian wireless carrier Wind Mobile Canada to an investment firm for approximately $270M, The Wall Street Journal says, citing people familiar with the matter. The deal could be announced as early as Tuesday, The Wall Street Journal added. Reference Link
September 12, 2014
07:05 EDTERICEricsson agrees to acquire Fabrix Systems for $95M
Ericsson announced it has entered into an agreement to acquire Fabrix Systems, a leading provider of cloud storage, computing and network delivery for video applications that today power some of the most advanced cable and telecom cloud DVR deployments. Fabrix Systems further extends Ericsson's leading TV and media portfolio with a cloud based scale out storage and computing platform focused on providing a simple, tightly integrated solution optimized for media storage, processing and delivery applications such as cloud DVR and video-on-demand expansion. Fabrix Systems was founded in 2006 with offices in the US and Israel and brings a team of highly skilled cloud computing software engineers. The company has 103 employees. The purchase price for 100% of the shares in Fabrix Systems is $95M. The acquisition is expected to close in the Q4, subject to customary closing conditions. Fabrix Systems will be incorporated into Business Unit Support Solutions.
07:01 EDTERICIDT Corp to sell Fabrix Systems to Ericsson
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September 10, 2014
12:06 EDTERICEricsson, SAP announce solution for enterprise mobility management
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September 9, 2014
11:53 EDTVIPVimpelCom initiated with an Outperform at RBC Capital
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07:29 EDTERICUBM Canon to hold a summit
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07:28 EDTERICThe Money Event, Inc to hold a conference
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07:17 EDTERICThe Wireless Association to hold a conference
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07:11 EDTERICUBM Tech to hold a conference
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