Tag:

Hans Vestberg

Latest Headlines

Latest Headlines

Ericsson's Q3 sales beat expectations, but N. America is now a point of uncertainty

Ericsson reported third-quarter sales that beat analysts' expectations, but falling revenue in the North American market cast concerns over the vendor's forthcoming fourth-quarter results. North America is the company's largest region by revenue and carrier spending in the market has traditionally been a growth driver for Ericsson--but that could be starting to shift.

Ericsson profit dips despite year-on-year rise in Q3 sales

Ericsson revealed the UK and Germany were the only bright spots in its European sales in the third quarter, as it announced a 13 per cent drop in overall net income compared to the same period in 2013.

Ericsson to exit wireless-modem market, cut 1,000 jobs

Ericsson is exiting the wireless-modem business and will most likely slash about 1,000 jobs as a result. The decision comes as pricing pressure builds in the stand-alone-modem business and more device makers choose to buy system-on-a-chip solutions with modems married to application processors, which Ericsson does not offer.

Ericsson lifts Japan business with SoftBank Mobile demonstration

Ericsson conducted its first demonstration of a new software feature designed to optimise radio performance and cut signalling traffic in conjunction with Japanese operator SoftBank Mobile.

Ericsson's profit surges in Q2, as vendor points to stronger second half

Ericsson reported strong results for the second quarter, with its sales and profit margins beating analysts' expectations. The Swedish vendor expects a better sales and business mix in the second half of this year and is riding stronger growth in network-capacity projects, which are more profitable than network buildouts.

Ericsson beats analyst predictions with solid Q2 earnings

Ericsson grew net income by 76 per cent year-on-year in the second quarter of 2014, as political unrest that affected sales in some of its Middle East and Africa operations was offset by strong sales in China and India.

Ericsson CEO says AT&T, Verizon unlikely to outsource network management

Despite rumors that Tier 1 operators AT&T and Verizon may be talking to Ericsson about outsourcing the management of their networks, Ericsson CEO Hans Vestberg said that is a very unlikely scenario because those operators have size and scale and a history of doing it themselves. "I wouldn't believe they would outsource their networks," Vestberg said during an interview with FierceWireless.

Cisco, Ericsson CEOs claim they always are thinking 5 to 10 years ahead

Cisco CEO John Chambers and Ericsson CEO Hans Vestberg may have very different management styles but one area where they are similar is that they claim to always be thinking five to 10 years into the future.

Ericsson CEO: We won't outsource our R&D

ASPEN, Colo.--Do not look for Ericsson to follow its competitor Alcatel-Lucent and outsource any of its research and development. In an interview with  FierceWireless,  Ericsson CEO Hans Vestberg called the company's R&D efforts Ericsson's "heart and brain," and he said that he would never outsource the firm's core business.

Ericsson appoints heads of 2 new business units

Ericsson has appointed Arun Bansal as senior vice president and head of the radio business unit, while Anders Lindblad (pictured) is appointed senior vice president and head of the cloud & IP business unit. Both appointments will be effective from July 1.