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Ericsson grows net profit 68% in Q4

2016-01-27 08:27:00| Telecompaper Headlines

(Telecompaper) Ericsson reported a strong improvement in fourth-quarter profits, supported by cost reductions and modest sales growth. Net profit jumped 68 percent to SEK 7.0 billion or SEK 2.15 per share, and operating profit was up 75 percent year-on-year to SEK 11.0 billion. Sales increased 8 percent from a year earlier to SEK 73.6 billion. The company reduced its operating costs by around 10 percent year-on-year in the second half of 2015, as part of its target to achieve SEK 9 billion in savings by 2017. In addition, higher revenues from IP licensing helped boost margins. After more than doubling operating cash flow in Q4, Ericsson raised its dividend by 9 percent to SEK 3.70 per share.

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Ericsson profits up as some markets perform better than others

2016-01-27 01:00:00| Total Telecom industry news

Swedish equipment maker says profit hike driven by IPR revenues and lower opex.

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TeliaSonera, Ericsson Join 5G Early Movers

2016-01-23 10:29:58| Appliances - Topix.net

TeliaSonera, so often in the vanguard of next-generation mobile developments, has teamed up with Ericsson to develop 5G services that can be tested by customers as soon as 2018. Industry consensus suggests that the first commercial 5G services will be launched in 2020, by which time there should be some agreed industry standards and specifications.

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TeliaSonera, Ericsson to launch 5G services in 2018

2016-01-22 09:43:00| Telecompaper Headlines

(Telecompaper) TeliaSonera has announced a strategic partnership with Ericsson to launch 5G services in the Swedish and Estonian capitals of Stockholm and Tallinn in 2018. As part of the agreement, the two companies will develop 5G use-cases and service scenarios, including both communication and Internet of Things (IoT) services, with a view to addressing new business opportunities. TeliaSonera CEO Johan Dennelind said the company was determined to be at the forefront of 5G deployment. "Stockholm and Tallinn are two of the most connected cities in the world and now we will take them to the next level. 5G will create completely new innovations, ecosystems and great services to our customers," he said.

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