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Jan Frykhammar

Latest Headlines

Latest Headlines

Ericsson to cut costs and jobs in push to cloud, software and non-carrier customers

Ericsson plans to cut costs by $1.21 billion by 2017 and will slash jobs as part of that effort, though the vendor did not say how many positions it will cut. The cost cuts are part of Ericsson's larger strategic transformation toward software, media and working with customers that are not telecommunications carriers.

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.

Putting the fun back into European telecoms

Nokia shareholders ushered in a new chapter for the company this week after they agreed to the sale of the devices and services unit to Microsoft and essentially gave the green light for a future based on networks. Like Ericsson, the Finnish company will no doubt have taken heart from Vodafone's stated intention to maintain high levels of network investment over the next two years and maybe beyond.

Vodafone CEO would not say no to admirers of his 'beautiful assets'

Vodafone CEO Vittorio Colao's comments that the operator has "beautiful assets" made amusing headlines, but Colao was also making a serious point: while his focus is on expanding the company's networks, Colao said he would be open to a buyer if they were interested enough.

Ericsson misses Q1 forecasts, says quarter in line with own expectations

Ericsson reported a bigger decline in profit than analysts expected in the first quarter of 2013, but the Swedish equipment manufacturer said the quarter was in line with its own expectations and expects softer areas of development to balance out over the year.

Ericsson's Q4 turnaround driven by booming N. American sales

Ericsson surprised analysts by reporting fourth-quarter sales figures above estimates helped by North American orders rising sharply to €1.97 billion the fourth quarter, a 51 per cent increase. overall net sales grew 5 per cent year-over-year to €7.77 billion.

Ericsson posts 43% slump in Q3 profit, despite strong North American sales

Ericsson reported that its net profit declined 43 percent in the third quarter as weaker network sales and cautious operator spending weighed down its results. Slimmer profits from large-scale network modernization projects weakened the company's margins, and weaker sales in key regions depressed earnings, but the Swedish vendor got a boost from strong North American sales.

Ericsson's Q2 profit drops 63% on weaker network sales

Ericsson reported weaker sales and a sharper than expected drop in second-quarter profit as carriers cut back on networks sales. However, the Swedish vendor said that it expects results to improve toward the end of the year.

Ericsson shocks market with 66% Q4 profit slide

Ericsson surprised the market by announcing a 66 percent slump in fourth-quarter net profit of €170.3 million, down from around €499 million in the year-ago period. The Swedish vendor put

Ericsson's Q4 profit plunges 66% as North American CDMA sales decline

Ericsson (NASDAQ:ERIC) reported a 66 percent drop in net profit as the company confronted tepid operator spending and declining North American sales, particularly for CDMA products. Nevertheless, the