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Ericsson completes Kathrein acquisition to bolster R&D offering in Europe
2019-10-03 02:00:00| Total Telecom industry news
Ericsson has acquired German antenna specialist firm, Kathrein, closing a deal that was first announced in February. The Rosenheim headquartered firm has more than 20 points of presence in Germany…read more on TotalTele.com »
Tags: europe
offering
acquisition
ericsson
KDDI teams up with Ericsson for Japanese 5G launch
2019-09-30 02:00:00| Total Telecom industry news
KDDI has selected Ericsson to be its official launch partner and primary vendor for its forthcoming 5G launch in Japan. The pair will work together to deploy 5G mobile services across Japan, with an initial launch date of March 2020…read more on TotalTele.com »
Tags: japanese
teams
launch
ericsson
Ericsson takes provision of SEK 12 bln for fallout from US corruption probes
2019-09-26 09:29:00| Telecompaper Headlines
(Telecompaper) Ericsson said corruption investigations into the company by the US Securities and Exchange Commission (SEC) and Department of Justice (DoJ) are ongoing and that the company will be taking a provision of SEK 12 billion (over USD 1.2 billion) in the third quarter to cover potential fines and costs. The company estimates potential monetary sanctions at USD 1 billion, with other related costs coming on board. There is also the question of reputational harm, which could have a "material" adverse impact on the business, the company said.
Tags: us
takes
provision
ericsson
Ericsson sets aside over 1bn for US corruption probe
2019-09-26 02:00:00| Total Telecom industry news
Ericsson estimates the cost of resolving an ongoing US corruption investigation to come in at around 12 billion kronor (€1.1 billion/US$1.2 billion) and has made a provision in that amount that will hit its third quarter results. The Swedish vendor has been under investigation in the US since 2013…read more on TotalTele.com »
Orange and Ericsson launch 5G test network in Poland
2019-09-11 02:00:00| Total Telecom industry news
Orange and Ericsson have launched a 5G test network in the Polish capital of Warsaw. The test network has already achieved speeds of 900Mbps. Orange has launched 9 sites in Warsaw…read more on TotalTele.com »
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