Ericsson said it has established a strategic partnership with payment services provider Trriple to provide managed mobile wallet services for the banking and smart city sectors in the United Arab Emirates.
Ericsson's head of industry and society said a forthcoming Internet of Things (IoT) Accelerator product will simplify the process of deploying and monetising IoT services.
Ericsson CEO Hans Vestberg blamed weak development of the vendor's European business for a year-on-year drop in sales during the opening quarter of 2016.
Ericsson shares plunged after the telecom gear vendor fell short of first-quarter expectations and announced a major restructuring. Ericsson said net profit rose 49 percent year over year to $242.6 million, but revenue fell 2 percent and gross operating profit margin sank from 35.4 percent last year to 33.3 percent during the latest quarter.
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.
The MulteFire Alliance is getting even more traction with the addition of Japan's SoftBank Corp. as a new member.
Swisscom claimed it is the first operator in Europe to successfully transfer data at 1 Gbps over its commercial mobile broadband network, following tests of LTE-Advanced Pro (LTE-A Pro) conducted this week in conjunction with Ericsson.
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.
It appears that Apple is adding support for WebRTC to WebKit, the engine that powers its Safari browser. The company updated its WebKit website to add WebRTC to a list of features that are "in development."
T-Mobile appears to quietly be testing Enhanced Voice Services (EVS), a next-generation technology at the heart of Full HD Voice, in a move that likely is geared toward improving the quality of the carrier's VoLTE calls.