Ekholm will hand over the reins on September 30, having held the role since 2017
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Is Ericsson preparing to replace Ekholm as CEO?
Borje Ekholm has been CEO of Ericsson since January 2017, during which time the company’s share price has steadily risen
Börje Ekholm takes the helm as Ericsson CEO
Long-serving board member tasked with steering the Swedish kit maker through turbulent waters.
Ericsson names Investor AB’s Brje Ekholm as its new CEO
Long-serving board member to take over from Jan Frykhammar on 16 January.
VodafoneThree drops Samsung, relies on Nokia and Ericsson for £2bn network upgrade
Just a few months after its creation, VodafoneThree has today announced the next major milestone in building the UK’s best network, with the appointment of strategic build partners to support the delivery of one of Europe and the UK’s largest, privately-funded infrastructure projects, totalling contracts worth more than £2 billion.
Ericsson commits €200M to Irish R&D
News Ericsson has announced a €200 million investment in a research, development, and innovation (RD&I) project in Ireland Photo: Ericsson. (From left to right: IDA Ireland, CEO, Michael Lohan; Ericsson President and CEO, Börje Ekholm; Ireland’s Minister for...
“European competitiveness has one foot in the morgue,” warns Nokia CEO
In a rare display of unity, today the CEOs of telecoms tech rivals Nokia and Ericsson both took to the stage at the New Industrial Ambition for Europe summit in Brussels, arguing that Europe needed major reform to ensure competitiveness on the global stage.
Ericsson wins multi-billion Bharti Airtel contract
Sweden’s Ericsson has won a new multi-billion dollar 5G equipment contract with Bharti Airtel according to an exclusive Reuters article published this week, citing people familiar with the matter.
Telstra’s network APIs to be added to Vonage platform
The new Memorandum of Understanding (MoU) will see application developers get greater access to Telstra’s network capabilities
Ericsson’s Q1 profits rise despite sales decline
This week, Ericsson has released its first quarter financial results for 2024, which showed profits had risen despite a decline in sales.
Ericsson to cut 1,200 jobs in home market Sweden
News The news follows the slew of job cuts from both vendors and operators amid turbulent market conditions Ericsson has announced this week that it is set to cut 1,200 jobs in its home market of Sweden as part of wider cost-cutting measures announced earlier this...
Verizon and AT&T release financial results as market spending slackens
News The two firms have released their financial results for Q4 of 2023, both of which reflect current market conditions Verizon have released their annual earnings report, in which total revenue for 2023 stood at $134 billion, a 2.2% year-on-year decrease....
Ericsson gloomy on 2024 prospects as global spending slows
Sweden’s Ericsson says it expects a further decline in 5G equipment sales to mobile operators in the coming year, despite the company beating its Q4 profit expectations this week. Sales are slowing in both the US and India – a concerning trend given the latter is typically classed as a high growth market and still has a long way to go with its 5G rollout.
Ericsson and AT&T sign $14bn Open RAN deal
AT&T has announced that it has chosen Ericsson to supply the Open RAN equipment that will carry 70% of its wireless traffic by the end of 2026.
Ericsson shares drop to a six year low
News The company reported a fall in in their third quarter revenues of $2.84 billion, citing a drop in demand for 5G equipment in North America as the key driver of the poor results This morning, Ericsson has announced disappointing financial results for the third...
Disgruntled shareholders sue Ericsson for $170m
News A group of 37 shareholders are suing Sweden’s Ericsson for a combined total of SEK 1.8 billion ($170 million) over claims the company withheld information regarding its internal investigation into its dealings in Iraq A report by Dagens Industri says that the...
Friday Financial Roundup
News A summary of all the essential financial news in the telecoms world Ericsson’s Q2 sales drop In a recent financial report, Swedish telecoms equipment vendor Ericsson noted that while the company’s net sales were up 3% from last year, to SEK 64.4 billion...
Ericsson to pay DoJ $206.7m over bribery scandal
News The penalty comes as a result of having breached their Deferred Prosecution Agreement (DPA) with the Department of Justice (DoJ) from back in 2019 This week, Swedish mobile network equipment vendor Ericsson has announced that it will pay the US DoJ the sum of...
Jio selects Ericsson for 5G standalone network rollout
Press Release Ericsson has entered into a long-term strategic 5G contract with Indian communications service provider (CSP) Reliance Jio Infocomm Ltd. (Jio) to roll out 5G Standalone (SA) in the country The announcement follows the allocation of 5G spectrum in the...
Ericsson prepares for the worst as US mulls response to Iraq scandal
The Swedish vendor said that the US Department of Justice (DoJ) could take various actions as a result of ongoing investigations, including enforcing additional fines
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