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Ericsson sees tough fight in Chinese 4G, brighter signs elsewhere
2013-05-04 04:34:32| Telecom - Topix.net
Ericsson expects cut-throat competition between telecoms equipment makers as China prepares to spend billions of dollars on high-speed networks, punishing margins at a time when profitability is already under pressure.
Tags: chinese
fight
signs
elsewhere
Ericsson sales growth slows to 2% in Q1
2013-04-24 08:30:00| Telecompaper Headlines
(Telecompaper) Ericsson reported first-quarter sales up 2 percent year-on-year to SEK 52.0 billion. On a comparable basis and excluding forex effects, sales increased 7 percent from a year earlier and were down 19 percent from Q4. Ericsson said growth was led by the Networks division and roll-out services, with a number of projects in Europe and North America. Networks revenues were up 3 percent to SEK 28.1 billion, and Global Services sales rose 4 percent to SEK 21.5 billion. Operating profit, including income from joint ventures, fell 77 percent from a year earlier to SEK 2.1 billion, hurt by a charge of SEK 1.4 billion for the restructuring in Sweden amd the gain of SEK 7.7 billion last year from the divestment of Sony Ericsson. Net profit fell to SEK 1.2 billion from SEK 8.8 billion a year ago. Operating cash flow was a negative SEK 3.0 billion due to higher working capital, and net cash decreased by SEK 6.3 billion from the end of 2012 to SEK 32.2 billion. Ericsson was positive on the outlook, with 4G procurement starting in Russia and China, 21 new managed services contracts signed in the past quarter and strong demand for its SSR routing platform as well as OSS and BSS. While coverage projects have continued to have a higher share than capacity projects, the company expects an improvement in the business mix towards more capacity projects during the second half of 2013.
Tags: sales
growth
ericsson
q1
Ericsson chief laments flat sales, lacklustre profits
2013-04-10 02:00:00| Total Telecom industry news
Hans Vestberg talks up vendor's IPTV growth potential in wake of Microsoft Mediaroom acquisition.
Tags: sales
chief
flat
ericsson
Ericsson to Buy Microsoft's Mediaroom TV-Software Unit
2013-04-08 19:22:38| Appliances - Topix.net
Ericsson AB agreed to buy Microsoft Corp. 's Mediaroom business, adding software used by phone companies to deliver television over the Internet.
Tags: buy
unit
ericsson
microsofts
Microsoft to sell Mediaroom IPTV business to Ericsson
2013-04-08 16:04:01| CNET News.com
The software giant says the sale will allow it to focus its TV efforts on Xbox, which will be updated this year. [Read more]
Tags: business
sell
microsoft
ericsson
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