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ERICSSON

Ericsson in partnership with Turner Broadcasting

Ericsson, the Swedish maker of mobile phone technology, has announced a partnership with Turner Broadcasting System International to deliver news and programming to mobile phones.

The deal will allow mobile phone users to receive and view content from Turner networks such as CNN International and the Cartoon Network. Turner is a unit of media conglomerate Time Warner Inc.

“With this deal, we will have for the first time a full portfolio of solutions – from SMS through to mobile television – that will scale and easily move across the world,” said Casey Harwood, Senior Vice President, Digital Media, Turner Broadcasting.

Jan Wäreby, head of Multimedia at Ericsson, said the company’s service-provider customers would benefit from the partnership:

“They will be able to provide popular mobile multimedia content from Turner’s vast catalogue and greatly enhance the multimedia experience for the consumer,” he said in a statement.

SWEDEN AND UKRAINE

Ericsson suspends all Russia operations indefinitely

Swedish network equipment maker Ericsson said Monday that it was suspending all of its Russian operations over the war in Ukraine for the foreseeable future.

Ericsson suspends all Russia operations indefinitely

The telecom giant already announced in late February that it would stop all deliveries to Russia following Moscow’s February 24 invasion of Ukraine.

“In the light of recent events and of European Union sanctions, the company will now suspend its affected business with customers in Russia indefinitely,” Ericsson said in a statement.

The company added that it was “engaging with customers and partners regarding the indefinite suspension of the affected business.”

“The priority is to focus on the safety and well-being of Ericsson employees in Russia and they will be placed on paid leave,” it said.

READ ALSO: How has Sweden responded to Putin’s war in Ukraine so far?

Hundreds of Western firms ranging from Ikea to Coca-Cola, Goldman Sachs and McDonald’s have stopped operations in the country since the invasion, with French banking group Societe Generale announcing Monday it was selling its stake in Russia’s Rosbank.

Ericsson has around 600 employees in Russia, and is a “major supplier to the largest operator MTS and the fourth largest operator Tele2,” a company spokeswoman told AFP, adding that together with Ukraine, Russia accounts for less than two percent of revenue.

As a result, the equipment maker said it would record a provision for 900 million Swedish kronor ($95 million, 87 million euros) for the first quarter of 2022 for “impairment of assets and other exceptional costs,” though no staff redundancy costs were included.
Ericsson is due to publish its first quarter earnings on April 14.

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