Telecoms news from Sweden
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.
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.
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 says that it has completed a restructuring of its Swedish operations, resulting in 1,399 staff being made redundant. ...more.
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'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 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 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 says that it has become the first operator in Europe to have tested Voice over LTE (VoLTE) in a live LTE network. ...more.
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'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.
Telecoms and IT consultants, Cybercom is to cut 70 jobs in Sweden and has announced cost cutting measures across its other operations. ...more.
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 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.
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.
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 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 has announced that it has agreed to transfer its research and development center in Linkoping (Sweden) to Cybercom. ...more.
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.
TeliaSonera has asked a Swedish legal firm, Mannheimer Swartling to carry out a review of its investment in Uzbekistan in 2007. ...more.