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Top related persons:
Chris Sambar - 1 Sambar - 1 You've - 1 Telefonaktiebolaget LM - 1 Doina - 1
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Ericsson - 1 Mobile - 1 Nokia - 1 Huawei - 1 Telefonica - 1 Vodafone - 1 Dish - 1 RAN - 1

Search resuls for: "Ericsson AB"


10 mentions found


☆ AT&T chooses Ericsson for new U.S telecom network, will drop Nokia
  + stars: | 2023-12-04 | by ( ) www.cnbc.com   time to read: +2 min
New networks by Dish and Japan's Rakuten use Open RAN. "All of the new equipment that we are going to be putting out will be Open RAN capable," Chris Sambar, president of AT&T Network, told Reuters. Winning the Open RAN deal will make Ericsson the largest supplier to AT&T as it slowly takes over Nokia's share, the company said. AT&T will still have contracts which other Open RAN vendors outside this deal. AT&T expects fully integrated Open RAN sites operating in coordination with Ericsson and Fujitsu, starting in 2024.
Persons: Chris Sambar, Sambar, You've Organizations: Ericsson, Mobile, Nokia, Huawei, Telefonica, Vodafone, Dish, RAN, AT, T Network, Reuters, Samsung, Verizon, U.S ., Fujitsu Locations: Barcelona, Spain, ORAN, United States, New York
☆ USITC opens section 337 investigation of certain electronic devices
  + stars: | 2023-11-14 | by ( ) www.reuters.com   time to read: 1 min
WASHINGTON, Nov 14 (Reuters) - The U.S. International Trade Commission voted to begin a Section 337 investigation of electronic devices including mobile phones, tablets, laptops and components, according to a statement. USITC identified Motorola Mobility LLC, Lenovo Inc., Lenovo Group Limited, Lenovo Beijing Co as among the respondents. It said the investigation was based on a complaint filed by Ericsson AB and Telefonaktiebolaget LM Ericsson of Stockholm. Reporting by Doina ChiacuOur Standards: The Thomson Reuters Trust Principles.
Persons: Telefonaktiebolaget LM, Doina Organizations: U.S . International Trade Commission, Motorola Mobility, Lenovo Inc, Lenovo Group Limited, Lenovo Beijing, Ericsson AB, Telefonaktiebolaget, Telefonaktiebolaget LM Ericsson of Stockholm, Thomson
☆ Ericsson to Pay About $207 Million After DOJ Finds It Breached Deal
  + stars: | 2023-03-02 | by ( Richard Vanderford | ) www.wsj.com   time to read: +3 min
Ericsson AB has agreed to pay $206.7 million in a foreign bribery settlement with the U.S. Justice Department, which found the telecommunications company had breached an earlier deal. Stockholm-based Ericsson will plead guilty to the original charges it faced following its breach of a 2019 deferred prosecution agreement, the Justice Department said Thursday. In a deferred prosecution agreement, prosecutors charge a company but agree that they will drop those charges after a period of time if the company abides by certain conditions. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. The failures prevented the Justice Department from bringing charges against certain individuals, it said.
☆ Ericsson Compliance Chief to Leave as Company Remains Under U.S. Scrutiny
  + stars: | 2023-02-28 | by ( Mengqi Sun | ) www.wsj.com   time to read: +2 min
Ericsson AB said its chief compliance officer will leave the company, as the telecommunications-equipment company continues to clean up its ethics and compliance programs following a bribery settlement. Laurie Waddy, who joined Stockholm-based Ericsson in April 2019 as compliance chief, will leave the company after almost four years, the company said Tuesday. Jan Sprafke, Ericsson’s head of compliance for Europe and Latin America, will become interim compliance chief while the company searches for a permanent successor. Mr. Sprafke will report to the company’s chief legal officer and the board’s audit and compliance committee. Ms. Waddy will work with Mr. Sprafke during the transition on issues related to the compliance functions and the company’s U.S.-mandated monitorship, according to Ericsson.
☆ Ericsson to Cut 8,500 More Jobs as 5G Rollout Stalls
  + stars: | 2023-02-24 | by ( Alyssa Lukpat | ) www.wsj.com   time to read: 1 min
Ericsson AB plans to lay off 8,500 employees worldwide, or about 8% of its workforce, the Swedish company said Friday, while it cuts costs as orders for its 5G gear have slowed in the U.S. and other markets. The Stockholm-based company, which sells telecommunications equipment, said layoffs would happen this year and next year. The announcement came days after the company said it planned to cut around 1,400 jobs in Sweden.
☆ Ericsson to Cut 1,400 Jobs as Orders Slow
  + stars: | 2023-02-20 | by ( Dominic Chopping | ) www.wsj.com   time to read: 1 min
Attendees view a hologram at the Ericsson stand at the MWC Barcelona exhibition. The company last month reported a lower-than-expected quarterly profit. STOCKHOLM— Ericsson AB plans to cut around 1,400 jobs in Sweden as the telecommunications-equipment giant grapples with slowing demand for its 5G gear in markets like the U.S. The cuts are part of an effort the company announced late last year to reduce costs by 9 billion Swedish kronor, equivalent to about $861 million, by the end of 2023 through streamlining processes, closing facilities and using fewer consultants.
☆ GE’s Finance Chief Sees Future for AI Across Company’s Business
  + stars: | 2023-02-08 | by ( Thomas Gryta | ) www.wsj.com   time to read: +3 min
General Electric Co. sees a future for using generative artificial intelligence like ChatGPT across its business, from the shop floor to the front office, according to Carolina Dybeck Happe, the company’s chief financial officer. Ms. Dybeck Happe said the use of AI in manufacturing begins with gathering a huge amount of data from different complex systems. A native of Sweden, she joined GE after spending about a year as finance chief of Denmark-based shipping giant A.P. She became GE’s finance chief in early 2020, taking on a role traditionally held by long-term employees of the company, which has long prided itself on its management training. Using artificial intelligence and automation is part of increasing efficiency and quality, Ms. Dybeck Happe said.
☆ Ericsson Warns of Slowing 5G Orders in North America
  + stars: | 2023-01-20 | by ( Dominic Chopping | ) www.wsj.com   time to read: 1 min
Ericsson Chief Executive Börje Ekholm said he is confident that operators would increase their spending later this year. STOCKHOLM— Ericsson AB reported lower-than-expected quarterly profit and warned it faced an uncertain start to the new year as telecom operators in markets like the U.S. hold off placing new orders for 5G gear amid economic uncertainty. The Swedish telecommunications-equipment company said Friday that the trend started to hurt its key networks unit in the fourth quarter and that it expects it to continue during the first half of 2023.
☆ Ericsson to Stay Under U.S. Compliance Monitor an Extra Year
  + stars: | 2022-12-14 | by ( Richard Vanderford | ) www.wsj.com   time to read: +3 min
Ericsson AB will face an additional year’s scrutiny from a U.S.-mandated monitor appointed in connection with a bribery settlement the company reached in late 2019. The Stockholm-based telecommunications company said Wednesday it had agreed with the U.S. Justice Department and Securities and Exchange Commission to extend the term of its independent compliance monitor until June 2024. The Justice Department notified Ericsson last year that it had breached the agreement by failing to be sufficiently forthcoming with documents and information. Ericsson said it would use the additional time under monitorship to shore up its risk management and compliance frameworks. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance.
☆ Vonage Will Pay $100 Million to Settle FTC Allegations of Trapping Consumers in Subscriptions
  + stars: | 2022-11-03 | by ( Erin Mulvaney | ) www.wsj.com   time to read: 1 min
Ericsson AB subsidiary Vonage will pay $100 million to settle Federal Trade Commission allegations that it created a web of obstacles for its customers to cancel the internet-based telephone service and charged unexpected termination fees. The agreement, filed in a federal court Thursday, represents the largest settlement of its kind in the FTC’s enforcement push against companies that allegedly throw up high hurdles to customers seeking to cancel subscriptions or services.
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