Swedish wireless equipment maker Ericsson and Switzerland's STMicroelectronics say they will lay off up to 1,600 workers globally as part of a plan for splitting up their unprofitable joint venture.
Mar 18, 2013
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Wireless equipment maker Ericsson posted a 6.46 billion kronor ($1.02 billion) loss in the fourth quarter due to a massive one-time charge, but said Thursday its sales rose 5 percent as mobile operators invested in broadband ...
Jan 31, 2013
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Former Nokia CEO Olli-Pekka Kallasvuo has joined Swedish TV software company Zenterio as chairman of the board.
Jan 17, 2013
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Swedish telecommunications equipment maker Ericsson said that it was suing South Korean rival Samsung in a US court for violating patents.
Nov 27, 2012
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(AP) -- T-Mobile USA on Tuesday said that Nokia Siemens Networks and LM Ericsson AB will supply the network equipment for its new wireless broadband network, a project worth $4 billion.
May 08, 2012
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(AP) -- LM Ericsson, the world-leading wireless equipment maker in terms of market share, saw its first quarter profits more than double, largely on the back of proceeds made from the sale of its stake in handset maker Sony ...
Apr 25, 2012
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(AP) -- LM Ericsson, the world-leading wireless equipment maker in terms of market share, on Wednesday shocked the market by posting a much worse-than-expected fourth-quarterly result, mainly blaming operators for turning ...
Jan 25, 2012
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Swedish mobile network giant Ericsson and Chinese rival ZTE have settled their patent infringement disputes, Ericsson said in a statement on Friday.
Jan 20, 2012
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South Korea's top games developer vowed Monday to tighten security after the personal information of 13 million users of its popular online game was leaked.
Nov 28, 2011
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Swedish telecom equipment maker Ericsson said on Wednesday its share of the global mobile infrastructure market has surged from 32 percent in May to 36 percent today.
Nov 09, 2011
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LM Ericsson and Sony Corp. announced Thursday they will go separate ways as Ericsson sells its 50 percent stake in mobile phone maker Sony Ericsson to Sony for euro1.05 billion ($1.46 billion).
Oct 27, 2011
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Sony Corporation senior executive Kazuo Hirai said Friday the Japanese company wants to work more closely with its Swedish joint venture partner Ericsson on smart phone products.
Oct 21, 2011
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Mobile phone maker Sony Ericsson posted a break-even third quarter Friday - blaming the drop in earnings on higher taxes and lower margins - and announced that it is shifting its entire portfolio to smartphones next year.
Oct 14, 2011
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Google's Android partners welcomed the Internet giant's $12.5 billion purchase of Motorola Mobility on Monday but the move may force the handset makers to rethink their strategies, analysts said. ...
Aug 15, 2011
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Swedish telecom equipment maker Ericsson reported Thursday a 65 percent jump in second quarter net profit on strong sales but this still fell short of expectations and its shares slumped.
Jul 21, 2011
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