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Articles tagged with: 3G License and Sony Ericsson
Ericsson Announces Plans to Cut 5,000 Jobs
Ericsson has reported that its net income for the fourth quarter fell by 31% due to restructuring costs and lower profit margins - and announced plans for a further 5,000 job cuts. Net income in the three months to Dec. 31 was SEK3.89 billion (US$460.8 million), down from SEK5.64 billion (US$671 million) in the year-earlier period. Sales in the quarter increased by 23% year-over-year and by 11% for the full year. more
Related Tags: asia-pacific, ict, driving, ericsson, mobile-broadband, sony, 3g-licenses, africa, 2g
Ericsson Q2 Profits Plunge 70%
Ericsson has reported that its second-quarter profit fell 70 percent because of costs to cut jobs and falling sales of phones made by its Sony Ericsson joint venture. Net income fell to SEK1.9 billion (US$320 million) from SEK6.4 billion (US$1.07 billion) a year ago. Revenue rose 2 percent to SEK48.5 billion (US$8.1 billion) in the quarter. more
Related Tags: asia-pacific, 3-uk, rural, hspa, mobile-broadband, lte, sony, 3, 3g-licenses, triple-play, network-sharing
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