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Hans Vestberg

Latest Headlines

Latest Headlines

Ericsson ousts Vestberg after 26% drop in net sales

Ericsson ousted CEO Hans Vestberg less than a week after the company posted a 26 percent year-over-year drop in net sales during the second quarter.

Ericsson starts search for new CEO as Vestberg steps down

Ericsson initiated a search for a new CEO following the announcement on Monday that Hans Vestberg has been removed from the top role at the Sweden-based vendor with immediate effect, although he will remain available to the company for a period of six months.

Ericsson shareholders reportedly looking to oust CEO Vestberg

Ericsson's two largest shareholders are reportedly pushing to oust CEO Hans Vestberg just one day after the company posted a 26 percent year-over-year drop in net sales during the second quarter.

Ericsson CEO: Almost all our products are already virtualized, but industry moving slowly to SDN, NFV

Although carriers including AT&T and Telefonica have boasted of their progress toward virtualized, software-defined networks, the overall wireless industry remains in the very early stages of this transition, said Ericsson CEO Hans Vestberg.

Carrier action on 5G happening 'much quicker than we thought,' Ericsson CEO says

Wireless carriers across the globe, including in the United States, are moving more quickly than expected toward 5G network technology, according to the CEO of Ericsson, the world's largest wireless equipment vendor.

Ericsson CEO confirms additional job cuts will affect U.S. workforce

Ericsson said it will continue to cut jobs after it posted an 11 percent year-over-year drop in net sales during the second quarter and a hefty 26 percent slide in net profit. And some of those jobs will be in the U.S.

Ericsson announces corporate restructuring, refreshed management team with a focus on cloud, IT

Ericsson announced a corporate restructuring that includes business units dedicated to the IT and cloud sectors, news that comes alongside a reshuffled management team and relatively sluggish first quarter results.

Vestberg says 4G, 5G and software are bedrocks of Ericsson's 2016 strategy

Ericsson CEO Hans Vestberg reiterated that 4G and 5G technologies are key to the vendor's strategy for 2016, but noted that the company needs to begin reaping the rewards of recent investments in fields including software.

Nokia's Suri: Ericsson-Cisco deal is a 'validation' of decision to buy Alcatel-Lucent

Nokia CEO Rajeev Suri said Ericsson and Cisco's partnership to resell each other's products and services and jointly develop new ones means that Nokia was right to purchase rival Alcatel-Lucent for $16.6 billion (€15.6 billion). Nokia also commenced its formal share offer to buy Alcatel-Lucent's outstanding shares and drive the merger toward completion early next year.

Ericsson, Cisco think they can generate more than $1B each in new sales through partnership

Ericsson and Cisco's partnership to resell each other's products and services and jointly develop new ones could generate well more than the $1 billion each in revenue by 2018 that the vendors have projected, according to senior executives at the firms. Meanwhile, John Chambers, Cisco's executive chairman and former CEO, indicated that he thinks Nokia's deal to acquire Alcatel-Lucent is likely to fail, something Nokia dismissed.