Ericsson, STMicroelectronics to cut 1,600 jobs (Update)

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.

Ericsson posts Q4 loss, but sales up

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 ...

T-Mobile picks Ericsson, Nokia Siemens for network

(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.

Sales of handset arm lifts Sweden's Ericsson in QI

(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 ...

Sweden's Ericsson says Q4 profits dropped

(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 ...

Ericsson and ZTE bury patent hatchets

Swedish mobile network giant Ericsson and Chinese rival ZTE have settled their patent infringement disputes, Ericsson said in a statement on Friday.

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