Ericsson

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News

  • Nortel's patents more valuable than its products

    Nortel’s patents were slightly more valuable than its products, as the transactions for Nortel’s product groups combined did not quite measure up to the single deal for its intellectual property.

  • Google Android barrels ahead of competitors

    Android has further consolidated its status as the leading global smartphone operating system, according to data released by both Gartner and the Millennial Media mobile ad network.

  • Alcatel-Lucent's revenue grows, loss shrinks

    Alcatel-Lucent reported growing revenue and a shrinking loss for the first quarter of 2011, helped by operators' need for more capacity in their fixed and mobile networks, the company said on Friday.

  • Transforming the dumb pipe to a smart pipe

    It has been shut out of building the three mobile networks in New Zealand – Vodafone, Telecom’s XT network and 2degrees – but Ericsson has not given up touting for mobile business in New Zealand.

  • Telstra teams with Ericsson for LTE broadband trial

    Telstra is to shortly begin trials of Long Term Evolution (LTE) technology, including offerings from Huawei, Nokia Siemens Networks and Ericsson, as it seeks to test the feasibility and technical capability of LTE as a way to deliver the next generation of mobile broadband to its customers.

  • Sony developing devices to compete with Apple

    Sony is countering Apple by developing its own handheld products that include a tablet-like device and a smartphone that can download and play PlayStation games, The Wall Street Journal said in a news report on Thursday.

  • Ericsson to lay off up to 1,000 employees

    Ericsson plans to cut up to about 1,000 employees, and will in the process close its site in the Swedish town of Gävle, the company said in a statement on Tuesday.

  • Ericsson wins auction to buy Nortel wireless business

    Sweden's LM Ericsson has won the bidding war over the wireless assets of Nortel Networks, agreeing to pay US$1.13 billion for the financially beleaguered Canadian company's CDMA business and LTE Access technology.

  • Ericsson NZ revenues plummet 24%

    Ericsson Communications' revenue in New Zealand has plunged nearly 24% year-on-year, from $61.7 million to a shade over $47 million for the year ended December 2008.

  • Vector makes play for broadband build

    Infrastructure company Vector is making its bid for a share of the government’s promised $1.5 billion fibre-to-the-home broadband investment – provided the terms of the investment are favourable.
    Yesterday the company reported its half-year results for the period ended December 2008.
    CEO Simon Mackenzie said Vector was well positioned and financially strong enough to take advantage of opportunities that arise.
    One of those is clearly the government’s broadband push, which he described as a “key focus'.
    He said: “We have already had discussions with the Government outlining how Vector can deliver a cost effective, quality fibre broadband service in a short timeframe.
    “We believe the Government must stay on track with its bold vision to deliver a first world, high speed broadband service to New Zealanders.”
    Vector is well placed to deliver broadband infrastructure and coordinate with other network investors, he said, provided the arrangements meet the company’s investment criteria.
    Vector has been investing in a fibre network in Auckland and Wellington for some years through its Vector Communications subsidiary, which styles itself as an open access network operator. It is expected an open access approach, under which access to the network is sold at wholesale prices, will be a key requirement for the new infrastructure to encourage retail competition.
    If Vector were to win a significant portion of the government’s broadband business, that could be good news for Ericsson, the company’s technology partner in its current network rollout.
    Mackenzie reported net profit after tax from continuing operations of $90.8 million, compared to $77.4 million in the prior year.

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