Ericsson announced it is planning to cut jobs as part of its cost-cutting measures. Nurphoto | Nurphoto | Getty Images Ericsson shares leapt 8% to their highest level in nearly two years on Friday, after the Swedish telecom giant’s revenue declined less than expected in the second quarter. Net sales fell 7% year-on-year to 59.8 … Read more
Skyscrapers in the La Defense business and financial district in Paris, France, on Monday, June 3, 2024. Bloomberg | Bloomberg | Getty Images Reaction to the historic French and U.K. elections dominated the start of the week, but attention has moved to a flurry of inflation data. On Thursday, the U.S. consumer price index declined … Read more
Fast adoption of e-commerce, online streaming media, and workplace productivity tools — particularly during the Covid pandemic — has massive strain on current-day telecom networks. Nurphoto | Getty Images Some of the world’s largest tech firms are backing a new kind of telecoms network which they say will help reduce overall power consumption of data-hungry … Read more
Ericsson announced it is planning to cut jobs as part of its cost-cutting measures. Nurphoto | Nurphoto | Getty Images Ericsson announced on Monday that it will lay off about 1,200 employees in Sweden as the telecommunications company faces slowed demand for its 5G equipment. The company said the downsizing is part of a broader … Read more
Nokia new logo displayed on mobile, with Nokia logo on screen. Nurphoto | Nurphoto | Getty Images Nokia on Thursday said that it will begin a two-year 600 million euro ($653 million) share buyback this quarter, after reporting that its profit plunged in 2023. One of the world’s largest mobile network equipment makers, Nokia posted … Read more
