Displaying items by tag: Börje Ekholm

Swedish telecommunications equipment provider Ericsson has paid a fine of US$207 million over breaches of a deferred prosecution agreement reached with the US Department of Justice in 2019, the company says.

Swedish telecommunications equipment provider Ericsson has set aside 2.3 billion kronor (US$211 million) to settle a breach levelled against the company by the US Department of Justice with regard to its activities in Iraq some years ago.

Swedish telecommunications equipment vendor Ericsson and its Finnish competitor Nokia have both been given contracts to be part of building India's first 5G network.

Swedish telecommunications equipment company Ericsson says it has been notified by the US Securities and Exchange Commission that an investigation has been opened into the company's report about its 2019 dealings in Iraq.

Ericsson staff were told in 2019 to hand over the full report on dealings in Iraq to the US Department of Justice, the chief executive of the company claims.

As we speculated with the appointment of new chief legal officer Scott Dresser last week, he has indeed been brought in to drive change around governance and compliance and to look into the matters with the US DoJ.

Swedish telecommunications equipment company Ericsson has been hit with a class action lawsuit in the US over claims that it misled investors over its dealings in Iraq.

Swedish telecommunications equipment vendor Ericsson is bracing for a backlash after a court in its home country upheld a ban on the the use of 5G equipment from Chinese vendor Huawei Technologies in Swedish networks.

It may take some time to digest this, but the the head of Sweden's telecommunications equipment vendor, Ericsson, is lobbying the government to lift ban on his main competitor, China's Huawei.

A media statement by Ericsson chief executive Borje Ekholm to the effect that vendors should not be banned from 5G without properly balancing national security concerns with free competition has been hailed by Huawei Australia as a "welcome injection of common sense”.

Huawei Australia has used comments made by Ericsson chief executive Börje Ekholm during the presentation of results to push the Chinese company's claim that the ban imposed on it has sharply reduced competition in the 5G supplier market and hence driven up costs.

Swedish telecommunications equipment giant Ericsson has acquired US wireless network vendor Cradlepoint in a deal valued at US$1.1 billion (A$1.52 billion)

Clinching 99 commercial 5G agreements or contracts with unique operators appears to have done little for the bottom line of Swedish telecommunications equipment vendor Ericsson in the second quarter of 2020, with the company just about managing to match its revenue in the corresponding quarter of 2019.

Ericsson chief executive Börje Ekholm says the US bid to prevent its competitor Huawei Technologies from gaining deals is not giving his company "a free kick".

Swedish multinational networking and telecommunications company Ericsson has been selected by Danish service provider TDC to roll out nationwide commercial 5G, as part of a major network overhaul, and to provide managed services through the Ericsson operations engine.

Telstra has announced that Swedish telecommunications supplier Ericsson will be its main partner in rolling out 5G, with an agreement signed by the two companies on Wednesday.

Ericsson has boosted its global research and development ecosystem with the establishment of a “hypermodern test laboratory” and new facilities in Budapest, Hungary.

Swedish multinational telecommunications giant Ericsson has recorded losses for a fifth quarter running, with a decrease of 12% in sales for the fourth quarter of the last year. The company cut 10,000 jobs in the quarter and two top executives are set to leave.