The Latest Breaking News from Ericsson

Sweden's Ericsson (ERICb.ST) agreed to pay a $206 million fine and plead guilty after violating a 2019 deal with US prosecutors that required the telecoms firm to properly disclose information on its activities in Iraq, China and Djibouti. The plea agreement with the US Justice Department follows a scandal over…

Swedish telecom equipment maker Ericsson has agreed to plead guilty to U.S. foreign corruption violations and pay more than $206 million for breaking a deal with the Justice Department over charges of bribery and falsifying records in countries from China to Kuwait

Telecom equipment maker Ericsson said Friday it would slash 8,500 jobs worldwide, part of a cost-cutting program as financial headwinds push operators to rein in spending. Ericsson, which had a total of 105,000 employees at the end of 2022, last month posted disappointing full-year 2022 earnings, as operators slow spending…

Telecoms giant Ericsson is to lay off 8,500 staff in a bid to slash costs.

Almost 99% of the 15,000 global early technology adopters surveyed by Ericsson say they expect to be proactively using internet and connectivity-based solutions by 2030 to personally address the impact of climate change and global warming.

As Thailand moves towards mainstream 5G adoption by 2025, the country needs to accelerate the 5G ecosystem, establish a strong digital infrastructure, ensure availability of more spectrum bands, and drive tech partnership and sustainability initiatives to accelerate digitalisation and support socio-economic growth, according to Swedish telecom equipment firm Ericsson.

Almost half of Thai mobile users want to subscribe to a 5G service next year, according to the latest survey by Swedish telecom equipment firm Ericsson.

Ericsson said on Friday it is only providing software and technical support to Russian clients and has not sold any telecommunications equipment to mobile operators there since the Ukraine war started, after Swedish media reported the company had continued its exports. Shares of the company fell 4.6% in morning trading.…

Ericsson said on Monday it will gradually wind down business activities in Russia over the coming months as the Swedish telecoms equipment maker completes its obligations to customers. The company, which suspended its business in Russia indefinitely in April, said it has about 400 employees in Russia and would provide…

CNBC Augmented Supply Best Way To Balance Rising Oil Prices, Says OECD Chief

Ericsson, the Swedish telecoms equipment firm which is facing bribery investigations, reported a rise in second-quarter core earnings on Thursday but missed expectations as margins were hit by increased component and logistics costs. Rising inflation, a chip shortage and Russia's invasion of Ukraine drove up costs and pushed down the…