Telecoms news from Sweden

Ericsson Posts Modest Rise in Quarterly Revenues

Ericsson has announced that its first-quarter revenues rose by 2 percent to SEK52 billion (US$7.9 billion), but that net profits plunged by 86% to SEK1.2 billion (US$182 million). ...more.

TeliaSonera Revenues Down on Shrinking Customer Base

Sweden's TeliaSonera has reported that its first-quarter revenues fell by 4.5 percent to SEK24.5 billion, while net profits were also down, although only by 0.3% to SEK4.1 billion. ...more.

Tele2 Posts One Third Jump in Quarterly Profits

Sweden's Tele2 has announced that its first-quarter revenues fell by 2 percent to SEK7.3 billion (US$1.14 billion), while the net profit jumped by a third to SEK353 million (US$55 million). ...more.

Ericsson Cuts 1,400 Staff in Sweden

Ericsson says that it has completed a restructuring of its Swedish operations, resulting in 1,399 staff being made redundant. ...more.

Telefonica Secures $1 Billion Financing Agreement with Ericsson

Spain's Telefonica is reported to have secured export guarantees worth US$1 billion from Swedish government agencies to secure the purchase of equipment from Ericsson. ...more.

TeliaSonera CEO Resigns Following Uzbek Bribery Report

TeliaSonera's President and CEO Lars Nyberg has resigned from the company - the day that a damning report criticized the company's internal controls when dealing with Uzbekistan authorities in 2007. ...more.

TeliaSonera Says No Evidence of Bribery at its Uzbekistan Subsidiary

TeliaSonera has announced that an investigation has been unable to find any evidence supporting allegations of bribery and money laundering in Uzbekistan that emerged last September. ...more.

TeliaSonera Profits Jump by a Third on One-Off Gains

TeliaSonera has reported that its fourth-quarter revenues declined slightly, by 0.7 percent to SEK27.1 billion, while net profits rose by over a third to SEK6.9 billion. ...more.

Tele2 Carries out Voice over LTE Tests in Sweden

Tele2 says that it has become the first operator in Europe to have tested Voice over LTE (VoLTE) in a live LTE network. ...more.

Two TeliaSonera Employees Questioned in Uzbekistan Bribery Probe

TeliaSonera has confirmed that two senior staff are being investigated by police into allegations of bribery associated with the company's subsidiary in Uzbekistan. ...more.

TeliaSonera Chairman to Retire Next April

TeliaSonera's Chairman, Anders Narvinger has announced that he is to step down from the role at next year's AGM in April - just a few months before the CEO is also due to retire. ...more.

Cybercom Cutting Swedish Staff, Costs Internationally

Telecoms and IT consultants, Cybercom is to cut 70 jobs in Sweden and has announced cost cutting measures across its other operations. ...more.

Ericsson Announces 1,550 Redundancies in Sweden

Ericsson has announced that it is to cut around 1,550 jobs in its home market of Sweden. The redundancies are in all job areas, including sales, general and administration, research and development, supply and service delivery. ...more.

Ericsson Quarterly Profits Down by 42 Percent

Ericsson has announced its third-quarter financial results and posted a 2 percent decline in revenues of SEK54.6 billion but a net profit that fell by 42 percent to SEK2.2 billion ...more.

New Head of Ericsson Research appointed

Ericsson's new Head of Ericsson Research, Group Function Technology, has been named: Sara Mazur, a scientist with 17 years of experience in research and development, who has held various management positions within the company. ...more.

TeliaSonera to Cut 2,000 Jobs as Quarterly Profits Decline

Sweden's TeliaSonera has reported a 3.2 percent decline in its third quarter revenues of SEK 25.85 billion (US$3.9 billion), although revenues were flat in local currencies. ...more.

Ericsson Secures EUR500 Million Bank Loan

Ericsson today announced that it has signed a loan agreement with the European Investment Bank (EIB). The loan amount is EUR 500 million (or the equivalent in USD), ...more.

ST-Ericsson Outsources Sweden R&D Office to Supplier

ST-Ericsson has announced that it has agreed to transfer its research and development center in Linkoping (Sweden) to Cybercom. ...more.

TeliaSonera Refutes Reports of Seeking an Early Retirement for its CEO

Sweden's TeliaSonera has reiterated that it has full confidence in its CEO, Lars Nyberg following reports that the company is looking for a replacement in the wake of a bribery scandal that has engulfed the company. ...more.

Swedish Law Firm to Review Bribery Allegations Against TeliaSonera

TeliaSonera has asked a Swedish legal firm, Mannheimer Swartling to carry out a review of its investment in Uzbekistan in 2007. ...more.