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Search resuls for: "Ericsson's"


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☆ Ericsson to invest in 6G network research in Britain
  + stars: | 2022-11-22 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Nov 22 (Reuters) - Network equipment maker Ericsson (ERICb.ST) will invest millions of pounds in 6G mobile research in Britain, it said on Tuesday, working with universities on hardware security, AI and cognitive networks and quantum computing. The Swedish company, which supplies 5G gear to all four British mobile networks, said the 10-year initiative would help to drive development of next-generation 6G networks, which are expected to be commercially available about 2030. Ericsson's UK and Ireland CEO Katherine Ainley said that British universities are performing world-beating research in some of the technologies that would underpin next-generation networks. The new group will complement Ericsson's 17 existing research sites in 12 countries, she said. Reporting by Paul Sandle Editing by Kylie MacLellan and David GoodmanOur Standards: The Thomson Reuters Trust Principles.
☆ Nokia, Ericsson slump as patent fights hit margins
  + stars: | 2022-10-20 | by ( Supantha Mukherjee Stine Jacobsen | Supantha Mukherjee | Stine Jacobsen | ) www.reuters.com   time to read: +4 min
While the revenue of both companies beat expectations thanks to the rollout of 5G, delayed royalty payments meant their core profit missed analysts' expectations. Shares in Ericsson slumped 12% and were the worst performers in the STOXX 600 (.STOXX) while Nokia shares fell almost 5% to be among the worst. Companies such as Ericsson charge $2.50 to $5 for every 5G handset they sell and come under pressure when negotiating new contracts. Ericsson's quarterly royalty revenue fell 1.1 billion Swedish crowns ($98.24 million) as it battled companies such as Apple (AAPL.O) over patents. Nokia's patent revenue was down by 62 million euros ($60.67 million), mainly due to a dispute with Oppo and Vivo.
☆ Ericsson's quarterly earnings miss estimates
  + stars: | 2022-10-20 | by ( ) www.reuters.com   time to read: 1 min
STOCKHOLM, Oct 20 (Reuters) - Sweden's Ericsson (ERICb.ST) on Thursday reported third-quarter core earnings that missed expectations for the second quarter in a row, as margins took a hit from higher component and logistics costs. The company's quarterly adjusted operating earnings fell to 7.1 billion Swedish crowns ($633.05 million) from 8.8 billion crowns a year earlier, missing analysts' mean forecast of 8.73 billion, according to Refinitiv data. ($1 = 11.2155 Swedish crowns)Register now for FREE unlimited access to Reuters.com RegisterReporting by Supantha Mukherjee in Stockholm; editing by Niklas PollardOur Standards: The Thomson Reuters Trust Principles.
☆ Ericsson earnings miss estimates as costs dent margins
  + stars: | 2022-10-20 | by ( ) www.reuters.com   time to read: +1 min
STOCKHOLM, Oct 20 (Reuters) - Swedish telecom equipment maker Ericsson (ERICb.ST) on Thursday reported third-quarter core earnings that missed expectations for the second quarter in a row, as margins took a hit from higher component and logistics costs. The company's quarterly adjusted operating earnings fell to 7.1 billion Swedish crowns ($633.05 million) from 8.8 billion crowns a year earlier, missing analysts' mean forecast of 8.73 billion, according to Refinitiv data. Ericsson's quarterly revenue, however, rose to 68 billion crowns from 56.3 billion a year earlier, beating analysts' average estimate of 66.25 billion. Footprint gains with large-scale projects in early stages tend to have a dilutive impact on gross margins, Chief Executive Borje Ekholm said in a statement. ($1 = 11.2155 Swedish crowns)Register now for FREE unlimited access to Reuters.com RegisterReporting by Supantha Mukherjee in Stockholm; editing by Niklas PollardOur Standards: The Thomson Reuters Trust Principles.
☆ Nokia quarterly operating profit lags expectation as margin drops
  + stars: | 2022-10-20 | by ( ) www.reuters.com   time to read: +2 min
STOCKHOLM, Oct 20 (Reuters) - Nokia (NOKIA.HE) on Thursday reported quarterly operating profit below market expectations even as the Finnish telecom equipment maker continues to benefit from strong demand from phone companies as they roll out 5G. Third-quarter comparable operating profit rose to 658 million euros ($643.3 million) from 633 million last year, lagging the 690.6 million euro mean forecast of 10 analysts polled by Refinitiv. Net sales grew 6% in constant currency in the quarter compared to the same period a year ago to 6.24 billion euros, beating estimates of 6.06 billion. But the comparable operating margin fell year-on-year to 10.5% from 11.7% as improving profitability in Mobile Networks and Network Infrastructure was offset by timing effects of contract renewals in Nokia Technologies, the company said. ($1 = 1.0229 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Supantha Mukherjee in Stockholm and Stine Jacobsen in Copenhagen, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.
☆ Ericsson says no hardware exported to Russia, only software support
  + stars: | 2022-09-23 | by ( Supantha Mukherjee | ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterEricsson logo is seen at its headquarters in Stockholm, Sweden June 14, 2018. Ericsson suspended its business in Russia in April and said in August that it would exit the country in the coming months. The sanctions list by the Swedish authority include software and technology linked to telecommunications. Ericsson said the permits were for software and technical assistance. ($1 = 11.1164 Swedish crowns)Register now for FREE unlimited access to Reuters.com RegisterReporting by Supantha Mukherjee in Stockholm; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.
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