LONDON European stocks closed at a two-week low on Tuesday, reversing early-week gains as the threat of a new U.S.-China trade dispute and a profit warning from tyre maker Michelin rattled investor sentiment. The pan-European STOXX 600 index .STOXX ended the session down 0.4%, paring steeper losses from earlier in the day. Germany’s trade-sensitive DAX…
LONDON, UK: Ericsson announced two new appointments to its senior leadership team: Chris Houghton as Chief Operating Officer (COO) and Åsa Tamsons as Head of Business Area Enterprise Wireless Solutions. Both Mr. Houghton and Ms. Tamsons will report directly to Börje Ekholm, President and CEO of Ericsson. These appointments reflect Ericsson’s commitment to speed up…
HELSINKI, FINLAND: Ericsson (NASDAQ: ERIC) has entered into an agreement to acquire Vonage Holdings Corp. (NASDAQ: VG) for $21/share representing a total acquisition price of approximately $6.2 billion (Enterprise Value). The merger agreement was approved unanimously by the Board of Vonage. The transaction builds upon Ericsson’s stated intent to expand globally in wireless enterprise, offering…
Ericsson (NASDAQ:ERIC) has signed a Memorandum of Understanding (MoU) with du, from Emirates Integrated Telecommunications Company (EITC), and Pure Harvest Smart Farms to deploy innovative 5G smart farming solutions across agricultural sites in Al Ain, United Arab Emirates (UAE). The 5G solutions deployed will leverage operations across existing devices used in Pure Harvest farms, such…
LONDON, UK: Google Cloud and Ericsson announced a partnership to jointly develop 5G and edge cloud solutions to help communications service providers (CSPs) digitally transform and to unlock new enterprise and consumer use cases. Globally, industries with edge presences – including communication service providers, retailers, manufacturers, transport businesses, healthcare and media/entertainment providers – face pressures…
STOCKHOLM: There is a risk that the decision by the Post and Telecommunication Authority (PTS) to exclude Chinese vendors’ products from the 5G auction in Sweden may adversely impact the economic interests of Sweden and Swedish industry, including those of Ericsson. This risk has been included in the risk factors in Ericsson’s EMTN prospectus. The…
TOKYO: Ericsson has agreed to acquire U.S.-based wireless networking firm Cradlepoint in a $1.1 billion deal, the Swedish networking and telecommunications company said on Friday. Oita Chuo Pacific Management analysts highlighted the deal is a part of its efforts to expand its 5G-related offerings for business customers. Oita Chuo Pacific Management is a recognized leader…