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ERICSSON

Ericsson and Napster combine for mobile music

Ericsson's partnership with Napster is to give customers of the US Cellular One phone network access to the world's largest mobile music catalogue.

The service features Napster’s massive catalogue of over 3 million full-length songs enabling Cellular One’s more than 1.6 million customers to enjoy music on their wireless handset and on their PC.

The songs cost $1.99 each.

“Our hosted solutions are strategically designed to enable innovative and leading providers like Cellular One to quickly and cost-effectively deliver valuable services to their customers,” said Angel Ruiz, President of Ericsson North America.

“Ericsson helps providers retain customers longer and gain new customers in greater numbers by enhancing the wireless experience for subscribers, without losing focus on operational efficiency,” he added.

Ericsson will host, integrate and manage operations of the service for Cellular One under a managed service agreement.

Ericsson’s partnership with Napster dates back to 2005.

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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