5G mobile subscriptions in India to reach 130 mn in 2023
New Delhi, Nov 30 (IANS) 5G subscriptions in India are expected to reach 130 million in 2023, and are estimated to grow to 860 million by 2029, a new report showed on Thursday. 5G...
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Ericsson A News & Analysis
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JPMorgan downgrades LM Ericsson B to 'neutral' with a price target of kr61.00
An analyst from JPMorgan downgraded LM Ericsson B (ST: ERICb) from 'overweight' to 'neutral' with a price target of kr61.00 from a prior price target of %currency%%price%. Prior to this...
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Siemens, Ericsson warn EU cybersecurity rules may disrupt supply chains
Proposed by the European Commission last year, the Cyber Resilience Act requires manufacturers to assess the cybersecurity risks of their products and take measures to fix problems for a...
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Tech-ing Stock: India Mobile Congress 2023 showcases next-gen tech marvels
The India Mobile Congress 2023 saw large telcos and big companies, along with emerging startups, vie for attention with their innovations. ET took a walk across the floor, exploring all that...
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UBS maintains LM Ericsson B at 'neutral' with a price target of kr54.00
An analyst from UBS maintained LM Ericsson B (ST: ERICb) at 'neutral' with a price target of kr54.00 from a prior price target of %currency%%price%. Prior to this rating, LM Ericsson B...
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IMC 2023: Showcasing India’s transformational role in telecoms
New Delhi, Oct 28 (IANS) The 7th edition of the Indian Mobile Congress (IMC) 2023, the largest telecom, media and technology forum in Asia, is showcasing the transformational role of telecom...
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Ericsson introduces ‘India 6G’ programme at Chennai R&D centre
New Delhi, Oct 28 (IANS) Swedish telecommunications giant Ericsson (BS:ERICAs) on Saturday announced the launch of its ‘India 6G’ programme with the formation of a 6G research team at its...
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Qualcomm, Airtel, Ericsson demonstrate 5G RedCap tech at IMC 2023
New Delhi, Oct 27 (IANS) Chip-maker Qualcomm (NASDAQ:QCOM), along with Ericsson (BS:ERICAs) and Airtel, on Friday successfully demonstrated Reduced Capability (RedCap) device capabilities...
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Confident that world will learn from India in terms of using 5G for interesting applications: Ericsson India MD
The comments by the top honcho of the company coincides with completion of one year of the launch of 5G telephony services in India, that was announced by Prime Minister Narendra Modi at the...
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Societe Generale maintains LM Ericsson B at 'hold' with a price target of kr49.00
An analyst from Societe Generale maintained LM Ericsson B (ST: ERICb) at 'hold' with a price target of kr49.00 from a prior price target of %currency%%price%. Prior to this rating, LM...
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Nokia's net sales in India double to ₹567m on 5G push
Finnish telecom company Nokia reported a 102% increase in net sales in India in Q3 2023, driven by 5G deployments. However, it cautioned that the pace of 5G rollouts in India is starting to...
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Airtel and Ericsson successfully test RedCap software on Airtel’s 5G network
Bharti Airtel and Ericsson have successfully tested Ericsson's RedCap software, which is expected to improve battery life and deliver higher data speeds. The test was conducted using...
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Ericsson reports threefold increase in Indian net sales, global sales decline
Swedish telecom giant Ericsson (BS:ERICAs)'s net sales in India for Q3 2023 have seen a more than threefold increase to approximately Rs 7,400 crore ($9.6 billion SEK), according to the...
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Bank of America, Johnson & Johnson outshine in earnings as Wyndham shares surge
As the market opened lower on Tuesday due to U.S retail sales data for September exceeding expectations, several companies released their earnings reports. Bank of America (NYSE:BAC),...
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Earnings call: Ericsson's Q3 2023 results show resilience amid market uncertainties
Ericsson (BS:ERICAs)'s Third Quarter 2023 Results earnings call, led by CEO Borje Ekholm, revealed a Q3 performance that met expectations despite a soft top-line in North America. However,...
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Ericsson reports Q3 net loss of $2.81 billion amid North American sales decline
Swedish telecommunications giant Ericsson (BS:ERICAs) reported a net loss of SEK 30.67 billion ($2.81 billion) in Q3, a stark contrast to the profit of SEK 5.21 billion recorded in the same...
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Ericsson revises margin guidance amid mobile networks sector uncertainty
Ericsson (BS:ERICAs) has announced a revision of its guidance for achieving a 15%-18% EBITA margin by 2024. The Swedish telecom company cited ongoing uncertainties in the mobile networks...
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Ericsson’s Q3 Profit Declines, North American Sales Drop Amid Telco Spending Cuts
Swedish telecom company Ericsson (BS:ERICAs) is anticipated to report a significant dip in its Q3 net profit for 2023. The company's net profit is expected to be SEK 1.26 billion ($114.1...
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Societe Generale maintains LM Ericsson B at 'hold' with a price target of SEK52.00
An analyst from Societe Generale maintained LM Ericsson B (ST: ERICb) at 'hold' with a price target of SEK52.00 from a prior price target of %currency%%price%. Prior to this rating, LM...
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Citi maintains LM Ericsson B at 'neutral' with a price target of SEK55.00
An analyst from Citi maintained LM Ericsson B (ST: ERICb) at 'neutral' with a price target of SEK55.00 from a prior price target of %currency%%price%. Prior to this rating, LM Ericsson B...
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European stocks higher; U.K. GDP offers hope of future growth
Investing.com - European stock markets traded higher Thursday, helped by signs of U.K. growth ahead of the release of key U.S. consumer inflation data which could provide monetary policy...
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Ex-Apple executive Sreenivasa Reddy joins Google as India public policy head
New Delhi, Oct 4 (IANS) Google (NASDAQ:GOOGL) has appointed former Samsung (KS:005930) and Apple (NASDAQ:AAPL) executive Sreenivasa Reddy as its public policy head in India at a time when...
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India to witness accelerated 5G adoption: Ericsson Consumer Lab's Global Survey
What sets 5G users in India apart is their remarkable daily engagement with various applications, including high-definition video streaming, video calls, mobile gaming, and augmented...
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31 mn Indian users expected to upgrade to 5G phones this year: Report
New Delhi, Oct 3 (IANS) About 31 million Indian users are expected to upgrade to 5G phones in 2023, representing a vast opportunity for further 5G adoption in the country, a new report said...
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Jio raises close to $2-billion offshore loan
Reliance Jio has secured a loan of about $2 billion, one of India's largest offshore loans in FY24. The loan, arranged by HSBC, will be used to fund the purchase of 5G network equipment from...
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Barclays maintains LM Ericsson B at 'equalweight' with a price target of SEK65.00
An analyst from Barclays maintained LM Ericsson B (ST: ERICb) at 'equalweight' 'equalweight' with a price target of SEK65.00. Prior to this rating, LM Ericsson B had 7 buy ratings, 12...
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IIT Madras ties up with Ericsson for joint research in responsible AI
Chennai, Sep 25 (IANS) Amid growing ethical concerns related to the use of artificial intelligence (AI), the Indian Institute of Technology (IIT) Madras on Monday announced partnership with...
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Huawei, Xiaomi resolve patent dispute with cross-licensing agreement
Chinese tech giants Huawei and Xiaomi (OTC:XIACF) announced on Wednesday a global patent cross-licensing agreement covering multiple communication technologies, including 5G. The deal marks...
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Global telecom equipment market grows 2% only in 1st half of 2023: Report
New Delhi, Sep 12 (IANS) The global telecom equipment market held steady in the first half of 2023 (1H23), growing only 2 per cent, a new report has shown. According to the market research...
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Global 5G mobile subscriptions reach 1.3 bn, India adds most overall users
New Delhi, Sep 5 (IANS) Global 5G subscriptions grew by 175 million in the second quarter (Q2) while India accounted for the most net addition of overall mobile subscriptions with over seven...
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Reliance Jio to secure Rs 165.5B crore for 5G expansion from BNP Paribas
Mukesh Ambani, India's wealthiest individual, and his son Akash Ambani are spearheading an effort to secure Rs 16,550 crore (Rs 1 crore = $120,873) in offshore loans for Reliance Jio...
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UBS maintains LM Ericsson B at 'neutral' with a price target of SEK58.00
An analyst from UBS maintained LM Ericsson B (ST: ERICb) at 'neutral' with a price target of SEK58.00 from a prior price target of %currency%%price%. Prior to this rating, LM Ericsson B...
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Citi maintains LM Ericsson B at 'neutral' with a price target of SEK57.00
An analyst from Citi maintained LM Ericsson B (ST: ERICb) at 'neutral' with a price target of SEK57.00 from a prior price target of %currency%%price%. Prior to this rating, LM Ericsson B...
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European stocks mixed; Telecoms sector weighs
Investing.com - European stock markets stabilized Friday, after a strong week, while results from the telecoms sector disappointed. At 03:20 ET (07:20 GMT), the DAX index in Germany traded...
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European stock futures edge lower; Ericsson reports sharp drop in 2Q profit
Investing.com - European stock markets are expected to open slightly lower Friday, as investors bank profits after a strong week, waiting for the start of the next quarterly earnings...
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Barclays maintains LM Ericsson B at 'overweight' with a price target of SEK80.00
An analyst from Barclays maintained LM Ericsson B (ST: ERICb) at 'overweight' with a price target of SEK80.00. Prior to this rating, LM Ericsson B had 7 buy ratings, 13 hold ratings, and...
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5G mobile subscriptions in India projected to reach 700 mn by 2028
New Delhi, June 21 (IANS) 5G mobile subscriptions in India reached about 10 million by end of 2022 and are estimated to reach around 700 million by the end of 2028, accounting for about 57...
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Impact of great workplace experiences reflected in the list of Top 100 India's Best Companies To Work For
New Delhi, June 16 (IANS) The Global Authority on Workplace Culture, Great Place To Work, recently unveiled list of India's 'Top 100 Companies To Work For' highlighting the impact of...
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300 mn Vi users move to Ericsson charging system in India, biggest globally
New Delhi, May 15 (IANS) Swedish telecommunications giant Ericsson (BS:ERICAs) on Monday said it has completed the charging consolidation programme for Vodafone Idea (NS:VODA) Ltd (VIL) in...
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Morgan Stanley maintains LM Ericsson B at Equalweight, PT $67.00
A Morgan Stanley analyst maintained LM Ericsson B (ST: ERICb) at Equalweight and a price target of $67.00 from a prior price target of %currency%%price%. Prior to this rating, LM Ericsson...
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Credit Suisse maintains LM Ericsson B at Underperform, PT $52.00
A Credit Suisse analyst maintained LM Ericsson B (ST: ERICb) at Underperform and a price target of $52.00 from a prior price target of %currency%%price%. Prior to this rating, LM Ericsson...
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Citi maintains LM Ericsson B at Neutral
A Citi analyst maintained LM Ericsson B (ST: ERICb) at Neutral and a price target of $66.00 from a prior price target of %currency%%price%. Prior to this rating, LM Ericsson B had 8 buy...
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Telehealth startup Cerebral to reduce 15% of workforce
San Francisco, Feb 28 (IANS) US-based telehealth startup Cerebral has announced to lay off around 15 per cent of its workforce in a fresh round of job cuts, the media reported. The layoffs...
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417 tech firms lay off over 1.2 lakh employees in Jan-Feb alone
New Delhi, Feb 27 (IANS) The year 2023 is set to become the worst year for tech employees as in just two months, 417 companies have laid off more than 1.2 lakh workers globally. In...
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Ericsson to lay off 8,500 employees globally to cut costs
London, Feb 24 (IANS) Swedish telecom gear-maker Ericsson (BS:ERICAs) is laying off about 8 per cent of its workforce, around 8,500 employees, to cut costs in the ongoing global...
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Ericsson to lay off 1,400 employees at home to cut costs
Stockholm, Feb 20 (IANS) Telecom networking company Ericsson (BS:ERICAs) is planning to lay off at least 1,400 employees or 10 per cent of its workforce in Sweden after negotiating with...
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5G driving revenue growth in top 20 markets, early adopters benefit the most
New Delhi, Feb 7 (IANS) 5G is driving revenue growth for communication service providers (CSPs) worldwide and the top 20 5G markets have seen a significant network performance boost...
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US NSF signs $50 mn pact with Ericsson, IBM, Intel, Samsung for chip design
San Francisco, Jan 31 (IANS) The US National Science Foundation (NSF) has announced that it has signed a $50 million pact with Ericsson (BS:ERICAs), IBM (NYSE:IBM), Intel (NASDAQ:INTC) and...
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Netflix, Alphabet and PagerDuty rise premarket; Nordstrom falls
By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Friday, January 20th. Please refresh for updates. Netflix (NASDAQ:NFLX) stock rose 7.1% after the streaming giant said...
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