Ericsson
STO:ERIC ISIN:SE0000108656
News
Ericsson (STO:ERIC) Ericsson (NASDAQ:ERIC) has formed a strategic partnership with leading Icelandic operator Síminn through a contract to expand its WCDMA/HSPA network into the 900MHz band. This will enable Síminn to deliver enhanced mobile data services to remote areas across Iceland.
Ericsson (STO:ERIC) Ericsson (NASDAQ:ERIC) is launching a pilot in Bangladesh to demonstrate how to improve productivity and quality of life in the country with the use of high-speed internet services through 3G/HSPA technology.
Ericsson (NASDAQ:ERICY) Ericsson (NASDAQ:ERIC) and Telekom Malaysia Berhad (TM), Malaysia's leading next- generation communications and broadband provider, have signed a two-year contract for the nationwide expansion of TM's optical network infrastructure and associated network management. The move will allow TM to meet growing consumer appetite for broadband services, including advanced applications such as Internet Protocol Television (IPTV).
Ericsson (NASDAQ:ERICY) Ericsson (NASDAQ:ERIC) has signed an agreement with Telecom Liechtenstein to upgrade and expand their ADSL network with the new VDSL2 technology. Ericsson will also provide support over the next three years. The deal will bring high-speed broadband to Telecom Liechtenstein subscribers across the country.
Ericsson (NASDAQ:ERICY) Ericsson (NASDAQ:ERIC) will provide business consulting and systems integration services for Telefónica's fixed and mobile operations across Latin America, allowing Telefónica to improve control of its revenue streams.
Ericsson (NASDAQ:ERICY) In accordance with the resolution by the Annual General Meeting 2008, Ericsson (NASDAQ:ERIC) expands its treasury stock in order to provide shares for the Long-Term Variable Compensation Program (LTV) 2008 for employees in Ericsson.
Ericsson (NASDAQ:ERICY) Björn Olsson, Executive Vice President of Ericsson (NASDAQ:ERIC) and deputy head of Business Unit Network, has decided to pursue opportunities outside Ericsson and will leave the company at year-end.
Ericsson (NASDAQ:ERICY) * Sales SEK 48.5 (47.6) b., 7% growth in constant currencies, SEK 92.7 (89.8) b. first six months * Operating income SEK 4.7 1) (9.3) b., excl. restructuring charges of SEK 1.8 b., SEK 9.0 (17.4) b. first six months, excl. restructuring charges of SEK 2.6 b. * Operating margin 9.7% 1) (19.4%), excl. restructuring charges of SEK 1.8 b., 9.7% (19.4%) first six months, excl. restructuring charges of SEK 2.6 b. * Cash flow SEK 8.5 (4.2) b., SEK 13.3 (8.8) b. first six months * Net income 2) SEK 1.9 1) (6.4) b., incl. restructuring charges of SEK 1.8 b., SEK 4.5 (12.2) b. first six months, incl. restructuring charges of SEK 2.6 b. * Earnings per share 2) SEK 0.60 1) (2.02) 3), SEK 1.43 (3.85) 3) first six months
Ericsson (NASDAQ:ERICY) Q2 Highlights: * Break even results amid challenging market conditions and increased competition * Announcement of Open Mobile Software platform and Symbian Foundation * R&D investment continues * Alignment of operations to help restore profitable growth
Ericsson (NASDAQ:ERICY) Ericsson (NASDAQ: ERIC) has signed a frame agreement with a leading Japanese operator, Softbank Mobile, to expand and upgrade its HSPA (High Speed Packet Access) network to increase capacity and enable even faster mobile broadband. With this contract, Ericsson will expand its business with Softbank by providing enhanced HSPA on new and existing base stations in the high traffic areas of Tokyo, Nagoya and Osaka.
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