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Ericsson News

24 Feb 2023

Ericsson Plans To Lay Off 8,500 Employees Globally: Report

The company said in December it would cut costs by 9 billion crowns ($880 million) by the end of 2023 as demand slows in some markets, including North America.Ericsson to lay off 8,500 employees

PM Narendra Modi

02 Oct 2022

PM Narendra Modi drives car in Sweden virtually from Delhi using 5G technology

5G services have been initially launched in13 cities The mobile services will promote the use of high-speed data PM Modi visited other booths at the event too

19 Jun 2020

5G subscription to cross 190 million globally by end of 2020: Report

In 2025, 88 percent of subscriptions are projected to be for mobile broadband.

17 Jun 2020

India’s data usage per smartphone may rise to about 25 GB per month by 2025

The study projected that total traffic will triple reaching 21EB per month in 2025.

30 Apr 2020

Nokia first-quarter in profit, revenues miss consensus

The Finnish company, battling with China`s Huawei and Sweden`s Ericsson, is trying to strengthen its 5G slate and looking especially to deployment by U.S. telecom companies for growth.

01 May 2019

SC disposes of contempt proceedings against Anil Ambani in Ericsson case

The Supreme Court on Wednesday disposed of the contempt proceedings against Reliance Communication chairman Anil Ambani after he repaid Rs 453 crore to Ericsson India.

Reliance Communications

19 Mar 2019

RCom shares zoom 10%; hit upper circuit after payment to Ericsson

The scrip jumped 10 per cent to Rs 4.40, its upper circuit limit, on the BSE.

Reliance Communications

18 Mar 2019

Reliance Communications pays Rs 458.77 cr to Ericsson: Sources

Failure to cough up the dues would have meant that RCom Chairman Anil Ambani would have faced a 3-month jail term.

14 Mar 2019

NCLAT reserves order in RCom-Ericsson payment case

Lenders of RCom have opposed the plea, saying that it will lead to outgo of public money for settling payment of a private party.

28 Feb 2019

Investors oppose RCom's plea to use IT refunds to settle Ericsson's dues

The NCLAT was hearing RCom's plea, which has approached the appellate tribunal seeking waiver over the moratorium placed by it on February 4.

Reliance Communications

07 Jan 2019

SC notice to Reliance Communications on Ericsson's plea

Ericsson India had on Friday moved the Supreme Court seeking initiation of contempt proceedings for the second time against RCom chairman Anil Ambani for allegedly not complying with its order to clear dues.

Reliance Communications

03 Oct 2018

Ericsson row: RCom gets relief from TDSAT on spectrum sale

RCom, in a regulatory filing to the BSE, said it will receive Rs 975 crore from sale of spectrum, and that it will pay Ericsson Rs 550 crore and RITL (Reliance Infratel) minority investors Rs 230 crore from the spectrum trading proceeds.

Reliance Communications

03 Oct 2018

Ericsson settlement deal row: RCom seeks 60 days more for payment

RCom maintained it has already filed an application on September 28 in the apex court seeking extension of time for making payment to the Swedish telecom equipment maker, by 60 days.

Reliance Communications

06 Aug 2018

Reliance Communications, Sweden's Ericsson reach $80 million settlement

In May, India`s bankruptcy court admitted a plea by Ericsson seeking insolvency resolution against RCom over unpaid service dues.

Reliance Communications

22 May 2018

RCom moves NCLAT challenging order allowing plea for its insolvency

Anil Ambani-run RCom's plea is expected to be heard by the appellate tribunal in the coming week.

18 May 2018

RCom in talks with Ericsson to settle dues outside NCLT

Earlier this week, the NCLT in Mumbai admitted an insolvency petition filed by Swedish firm Ericsson against RCom and two of its subsidiaries seeking to recover Rs 1,150 crore.

Reliance Communications

16 May 2018

RCom shares dive 20.5% on NCLT move

The stock after making a weak opening further tanked 20 percent to Rs 9.95 on BSE.

21 Nov 2017

Ericsson cuts 51 jobs in Finland

Ericsson currently employs around 800 people in Finland.

17 Nov 2017

In a first, Ericsson demonstrates 5G technology live in India

The demonstration using Ericsson`s 5G test bed and 5G New Radio (NR) delivered a throughput of 5.7 Gbps and ultra-low latency of 3 millisecond.

09 Oct 2017

50% of TV viewing in 2020 to go mobile: Ericsson

Approximately 70 per cent of consumers now watch videos on a smartphone -- double the amount from 2012, the findings showed.

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