Mobile broadband users in Stockholm will soon be able to surf the internet on a new high speed 4G network, following the signing of a deal between Ericsson and TeliaSonera.
Team Russia has withdrawn from the round-the-world Volvo Ocean Race because of insufficient funding during the worldwide economic crisis, team backer Oleg Zherebtsov said.
Despite posting a 28 percent drop in third quarter net profits on Monday, Swedish telecoms giant Ericsson beat expectations, sending its stock price soaring in early trading.
Mobile phone maker Sony Ericsson on Friday posted a third quarter net loss of €25 million ($33.7 million) down from a net gain of €267 million a year earlier.
Ericsson CEO Carl-Henric Svanberg added his voice to the growing chorus of business leaders with concerns about the state of the world’s financial markets.
Swedish telecommunications equipment provider Ericsson said on Thursday that it had signed a contract to set up and operate an international mobile phone network for British group Cable&Wireless.
Swedish mobile phone network supplier Ericsson announced on Monday the signing of a $450 million deal to help Hanoi Telecom's modernize its mobile network in Vietnam.
Telecoms company Ericsson's report for the second quarter was below market expectations. Profits crashed to 2.9 billion kronor ($488.34 million) from 9.3 billion kronor in the corresponding period of 2007.
Five Ericsson executives accused of faking invoices in an attempt to slash the company’s tax bill have been found not guilty by an appeal court in Stockholm.
Five officials in Sweden from telecom giant Ericsson are suspected of defrauding several billion kronor (millions of dollars), Swedish agency TT reported on Sunday.
Over 100 female employees at Ericsson have been given pay raises after Sweden’s Equal Opportunities Ombudsman (JämO) ruled that the women were paid worse than men.
Swedish telecom giant Ericsson has promised swift action after revelations of dangerous working conditions and child labour at factories operated by its suppliers in Bangladesh.
Swedish telecom infrastructure group Ericsson reported on Friday a dramatic fall in first-quarter net profits compared to the equivalent figure last year, but the result beat expectations and sent its share price soaring.
Ericsson chief executive Carl-Henric Svanberg said Wednesday price pressure on mobile telephone networks might start to ease soon, financial news agency Direkt reported.
The wages of managing directors in Sweden's top stock exchange listed companies continued to rise sharply last year with many firms posting record profits.
Sony Ericsson, the Swedish-Japanese mobile phone maker, warned on Wednesday that its profits would be lower for the first quarter as sales growth slowed.
One of the largest pension funds in Scotland is adding its name to a class action law suit against Ericsson for alleged violations of securities laws that the fund says cost it £2 million ($4 million).
Shares in truck maker Scania plummeted on the Stockholm stock exchange on Tuesday following Monday's acquisition of the company by Volkswagen. Telecoms giant Ericsson also contributed to a rough day of trading.
The Stockholm stock exchange ended a stable week with a decline on Friday as the OMXS index closed down 1.2 percent due to concerns over the economic outlook.
The Stockholm stock exchange ended a largely positive week on a sour note on Friday as the OMXS index closed down 1.1 percent on reports of weaker consumer demand in the USA.
