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Tag: ericssons
Ericssons Chinese woes laid bare in latest results
2021-10-19 02:00:00| Total Telecom industry news
Ever since Sweden banned Huawei and ZTE from its upcoming 5G networks back in October 2020, Ericsson’s future in China has been put under the microscope. Since then, the vendor’s market share in China has collapsed, with sales for Q3 2021 today revealed to have fallen 74% year-on-year to just $150.3 million. As a result of this continuous decline, Ericsson has now announced that it will be rethinking its approach to the Chinese market, likely including downsizing operations in the near future…read more on TotalTele.com »
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Ericssons lands largest contract ever with $8.3bn 5G deal with Verizon
2021-07-19 02:00:00| Total Telecom industry news
In Ericsson’s Q2 earnings call today, the Swedish vendor revealed it has struck an enormous $8.3 billion deal with Verizon, the largest in Ericsson’s history. The five-year deal has a broad scope, which includes Ericsson’s latest 5G RAN technology, covering C-band, low-band, and mmWave deployments. With these technologies, Verizon hopes to expand and improve its 5G Ultra Wideband coverage…read more on TotalTele.com »
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Ericssons US smart factory dubbed Global Lighthouse by World Economic Forum
2021-03-15 01:00:00| Total Telecom industry news
In the summer of 2019, Ericsson announced that they would be building the world’s first fully automated smart factory in the US, investing over $100 million. Ultimately built in Lewisville, Texas, the smart factory became operational in March 2020, initially building base stations and other 5G products. Now, a year later, the smart factory is being recognised by the World Economic Forum (WEF) as a ‘Global Lighthouse&rsquo…read more on TotalTele.com »
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Ericssons eSIM solution could rattle telcos
2020-01-20 01:00:00| Total Telecom industry news
Swedish company Ericsson has launched its eSIM solution, removing the need for a physical SIM card in customer devices. The eSIM will offer remote provisioning of user profiles and device management, allowing providers to manage user profiles more flexibly…read more on TotalTele.com »
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Ericsson's return to profitability continues but growth slows on Q2 results
2019-07-18 02:00:00| Total Telecom industry news
Ericsson met analysts' expectations when it released its Q2 2019 financial report this week, bringing to an end a series of 5 consecutive better-than-predicted results. Ericsson's quarterly earnings stood at SEK54.8 billion ($5.76 billion) for Q2 2019…read more on TotalTele.com »
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