Integrated into Ericsson's Service Continuity AI app suite, this solution utilizes predictive modeling to analyze real-time network data. It optimizes operations by activating, deactivating, or maintaining network elements based on neighboring cell activities, ensuring seamless service continuity and enhancing user experience across diverse 5G use cases such as private networks, network slicing and mission-critical networks. Shares of Ericsson have gained 35.8% over the past year compared with the industry' ...

STOCKHOLM, July 15, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) and OPPO have signed a multiyear global patent cross license agreement. This agreement includes a cross license covering patents essential to standards for cellular technologies, including 5G. OPPO, a leading smartphone vendor with sales in global markets, and significant presence in developing countries, will make royalty payments to Ericsson. In addition to a cross license, OPPO and Ericsson will conduct business cooperation on a number of p ...

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Q2 2024 Earnings Conference Call July 12, 2024 4:00 AM ET Company Participants Network APIs and the global network platform we're creating remains central to this portfolio and to this strategy, and we continue to see good traction. We had two additional mobile operator partnerships announced in Q2 and we are now at 12 in total. But let's move to the next slide and look at the market development. All right. Thank you, Borje. Let me start by adding a few a ...

Ericsson reported a net loss of SEK 11 billion ($1.03 billion) or a loss of SEK 3.34 (31 cents) per share in the second quarter compared with a net loss of SEK 0.6 billion or SEK 0.21 per share in the prior-year quarter. Non-cash impairment charges of SEK 11.4 billion and a decline in net sales impacted the bottom line during the quarter. Adjusted earnings came in at a penny per share, missing the Zacks Consensus Estimate of 5 cents. The Networks segment generated SEK 37.7 billion ($3.53 billion), down 11% ...

Ericsson reported better-than-expected revenue on a big jump in North American sales. The Sweden-based telcom equipment maker's overall revenue dropped 7% year-over-year, but was 15% higher in North America. The news helped send American depositary receipts (ADRs) of Ericsson to their highest level in nearly two years. American depositary receipts (ADRs) of Ericsson (ERIC) rose to their highest level in almost two years Friday after the telecom equipment manufacturer posted stronger-than-expected sales in N ...

Ericsson announced it is planning to cut jobs as part of its cost-cutting measures. Shares reached their highest level since September 2022, despite the company also reporting a net loss of 11 billion kronor, down from a 2.6 billion profit in first quarter of the year. Shares were trading up 6% as of 9:40 a.m. London time. While once known for telephone operations and mobiles, Ericsson now focuses on producing 5G network infrastructure and cloud software. But along with rivals such as Finland's Nokia, Erics ...

STOCKHOLM, July 12, 2024 /PRNewswire/ -- Financial highlights – strong gross margin expansion, partly offset by targeted R&D investments Vonage remains foundational to build out a global platform for network APIs. This is critical for the digitalization of enterprises and society, and will drive future growth in the telecoms industry. We recorded an impairment charge in Q2, as market growth in the current business has slowed, and we must now refocus on improving performance. | --- | --- | --- | --- | --- | ...

Ericsson (ERIC) recently announced that Vodafone has opted to deploy Ericsson's Interleaved AIR 3218 antenna solution to expand 5G coverage in Germany. With the first antenna system already deployed at a multistory car park in Dusseldorf, ERIC aims to install more than 500 systems across the country by the end of 2026. Antennas mounted on rooftops are exposed to wind forces which put pressure on their surfaces. As more mobile phone antennas are installed, the increased number will amplify the wind load and ...

The Interference Sensing technology can dynamically detect and mitigate inter-cell interference in real-time. Ericsson's solution can significantly enhance network capacity by maximizing signal energy for users in the serving cell while avoiding interference for users in adjacent cells. With the advanced functionalities, an average increase in user throughput of around 22% was observed across multiple users and cells in a commercial network deployment. Against the backdrop of the growing 5G traffic load amo ...

STOCKHOLM, July 2, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announces the appointment of Patrick Johansson as its new Head of Market Area Middle East & Africa (MMEA) and Senior Vice President. Mr. Johansson who is currently Head of Business Control & Operations at Ericsson's Business Area Cloud Software & Services, will replace Fadi Pharaon whose decision to leave Ericsson was announced in May 2024. Mr. Johansson will take up his new position on August 1, 2024, and be based in Riyadh, Saudi Arabia ...