Group 1 - Ericsson has successfully deployed its IP Multimedia Subsystem (IMS) on the Red Hat OpenStack Platform for Spark New Zealand, enhancing network resiliency and improving mobile voice and video calling services [1][5] - The deployment at Spark New Zealand's Network Data Centre in South Island is the first fully operational IMS deployment in the country using the Red Hat OpenStack Platform, transitioning to a unified and cost-effective system [2][3] - Spark New Zealand plans to migrate its current IMS nodes to the new platform by year-end, ensuring a single node manages the full traffic load for the entire country [4] Group 2 - The integration of Ericsson's IMS with Red Hat's platform marks a significant milestone in improving network resiliency and service quality, optimizing performance and fortifying the network against disruptions [5] - Ericsson's shares have gained 46% over the past year, contrasting with the industry's decline of 50.5% [6] - Ericsson currently holds a Zacks Rank of 3 (Hold), while Arista Networks and Harmonic Inc. are better-ranked stocks in the industry with Zacks Ranks of 1 (Strong Buy) [6][7]

Ericsson (ERIC) recently announced that it has inked a binding agreement with Koch Equity Development to divest its U.S.-based telecommunications solution provider, iconectiv. The transaction, valued at approximately $1 billion, is expected to be completed in the first half of 2025, subject to regulatory approvals and mandatory closing conditions. Upon completion, Ericsson anticipates recording a one-time EBIT benefit of around SEK 8.8 billion. iconectiv, headquartered in New Jersey, was acquired by Ericsso ...

Ericsson (ERIC) recently deployed its cutting-edge 5G Cloud Radio Access Network (RAN) technology on Turkcell Communication Services Inc's (TKC) network. Ericsson's Cloud RAN is a cloud-native solution that virtualizes radio access network functions and separates hardware from software. This design supports communication service providers (CSPs) in evolving toward cloud-native technologies and open network architectures, offering enhanced flexibility, faster service delivery and improved scalability for mod ...

Demonstrates KED's strategic focus on telecommunications software and data services WICHITA, Kan., Aug. 16, 2024 /PRNewswire/ -- Koch Equity Development LLC ("KED"), the principal investment and acquisition arm of Koch, Inc., today announced an agreement to acquire iconectiv, LLC, a telecommunications solutions leader, from Ericsson (NASDAQ: ERIC), the global supplier of mobile communication and connectivity solutions for service providers and enterprises, and affiliates of Francisco Partners, a leading tec ...

iconectiv is a US subsidiary of Ericsson acquired in 2012, and a provider of network number portability solutions and data exchange services The divestment will allow iconectiv to continue its growth trajectory under the new ownership of Koch Equity Development LLC STOCKHOLM, Aug. 16, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) announces that it has entered into a binding agreement with Koch Equity Development LLC in relation to the sale of iconectiv (the "Transaction"). Ericsson's cash benefit from the Tr ...

Ericsson (ERIC) recently inked a strategic partnership with Anterix Inc. (ATEX) , Southern Linc and National Rural Telecommunications Cooperative ("NRTC") to offer cutting-edge private networking solutions to rural electric cooperatives across the United States. This collaborative effort marks a significant milestone in the telecommunications landscape, showcasing the companies' commitment to technological advancement in the country. The collaboration will witness NRTC enhancing its fiber design and constru ...

Industry Veteran and Former adidas Group Executive Will Join the Company Following the Acquisition of UNLESS COLLECTIVE, INC BALTIMORE, Md., Aug. 6, 2024 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) today announced that Eric Liedtke will join the company as Executive Vice President of Brand Strategy following the completion of its acquisition of UNLESS COLLECTIVE, INC (UNLESS), a zero-plastic regenerative fashion brand. The transaction is expected to be completed later this week. Eric Liedtke, Under A ...

PLANO, Texas, Aug. 6, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announced a landmark collaboration with NRTC, Southern Linc, and Anterix (NASDAQ: ATEX) to deliver cutting-edge private network solutions to electric cooperatives (co-ops) of all sizes and service terrains across the United States. This strategic partnership aims to provide reliable, resilient, and secure network infrastructure, empowering co-ops to meet the challenges of modernizing the grid infrastructure and ensuring uninterrupted s ...

Ericsson and UScellular are collaborating to enhance 5G transport infrastructure and reliable 5G networks in rural communities across the U.S. Local economies will receive a boost by the enablement of modern digitalization services as part of midband deployment that started in 2023, continues in 2024 and beyond PLANO, Texas, Aug. 5, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) and UScellular (NYSE: USM) today announced an infrastructure upgrade, leveraging Ericsson's existing Router 6000 portfolio along wit ...

AI-powered platform drives better management of voice connectivity and deeper, smarter voice engagement HOLMDEL, N.J., July 25, 2024 /PRNewswire/ -- Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ: ERIC), has announced the launch of intelligent SIP capabilities for SIP Trunking customers. With just a few clicks, developers and enterprises can easily deploy elastic SIP trunks globally, and access rich, AI-powered voice ...