On Wednesday, in a statement Ericsson reported that its core quarterly earnings have lifted thanks to higher margins across its businesses. It said it is “more confident” in meeting its 2020 revenue targets. It third-quarter adjusted operating earnings rose to… Read More ›
On Friday, Swedish telecoms giant Ericsson said, it has agreed to acquire U.S.-based wireless networking company Cradlepoint in a $1.1 billion deal. The deal is Ericsson’s largest acquisition in more than a decade. The acquisition will provide Ericsson access to… Read More ›
On Monday, in a statement, Nokia said, its Chief Executive Rajeev Suri will be stepping down in September and will be replaced by Pekka Lundmark, who until now has been the CEO of Fortum. Suri will be stepping down after… Read More ›
Amazon.com Inc has pulled out of the Mobile World Congress citing China’s coronavirus outbreak. “Due to the outbreak and continued concerns about the new coronavirus, Amazon will withdraw from exhibiting and participating in Mobile World Congress 2020,” said Amazon in… Read More ›
Following the deal, Ericson expects a negative impact on its operating profit. On Monday, Ericsson disclosed, it expects a negative impact on its operating income in segment Networks in the current quarter following a deal wherein it reached an agreement… Read More ›
They showcased the technological capability of the upcoming 5G standard by remotely navigating a car through an obstacle course using 5G wireless networks. With autonomous vehicles set to be the norm in the near future, during an industry conference in… Read More ›
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