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News Breaks
February 14, 2013
06:00 EDTERIC, VIPVimpelCom 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.
News For VIP;ERIC From The Last 14 Days
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July 1, 2015
10:00 EDTVIPOn The Fly: Analyst Upgrade Summary
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09:28 EDTVIPOn The Fly: Pre-market Movers
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08:57 EDTVIPVimpelCom upgraded to Buy from Neutral at BofA/Merrill
08:15 EDTVIPVimpelCom appoints Alexander Mutuschka as Group Chief Performance Officer
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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 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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