Sources: China curbs the use of European suppliers Nokia and Ericsson in its telecoms networks, requiring lengthy national security reviews for their contracts
All the while, Huawei & ZTE have retained 30 to 35 per cent of the European mobile infrastructure market. Huawei 50%+ of German 5G access network. — Absolute economic security folly. — www.ft.com...
The US ITC says smartphones made by Lenovo's Motorola infringe on Ericsson's 5G patents, which could lead to an import ban; a final ruling is set for April 2025
Blake Brittain / Reuters :
Ericsson expects a $1.1B noncash impairment charge in Q2 for its 2022 purchase of cloud communications company Vonage, after a $2.9B impairment charge in 2023
Sabela Ojea / Wall Street Journal :
AT&T chooses Ericsson to modernize its wireless network with an architecture utilizing open standards, a ~$14B project over five years; ERICB closes up 6.08%
Nokia plans to cut up to 14,000 jobs, or ~16% of its 86,000 employees, and reports Q3 2023 net sales down 20% YoY to €4.98B and profit down 69% YoY to €133M
Anyway, we're clearly now into another wave of layoffs in tech related industries. … LinkedIn: Bernie Arnason : Slow down in #5G sales, particularly in North America hitting Nokia pretty hard. Hoping...
Huawei and Ericsson renew a multiyear global patent cross-licensing deal for 5G and other tech; Huawei owns 20% of global 5G patents, the most of any company
Eri Sugiura / Financial Times :
Huawei and Ericsson renew a multiyear global patent cross-licensing deal for 5G and other technologies; Huawei owns 20% of global 5G patents
Agreement gives Chinese group a boost after being subject to bans in Europe and the US — Huawei has sealed a multiyear patent cross-licensing deal …
Sources: the record $279M whistleblower award issued by the SEC earlier this month stemmed from a 2019 bribery case in which Ericsson paid a $1.1B settlement
The largest-ever award in the SEC's cash-for-tips program was related to Ericsson's bribery case
Ericsson's Vonage agrees to pay $100M to settle FTC allegations about creating obstacles to canceling internet-based phone services and charging unexpected fees
BT partners with Ericsson to offer private 5G networks to companies in the UK, the first service of its kind
Anna Gross / Financial Times :