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News
Ericsson
Ericsson News
Ericsson
24 Feb 2023
Ericsson Plans To Lay Off 8,500 Employees Globally: Report
The company said in December it would cut costs by 9 billion crowns ($880 million) by the end of 2023 as demand slows in some markets, including North America.Ericsson to lay off 8,500 employees
PM Narendra Modi
02 Oct 2022
PM Narendra Modi drives car in Sweden virtually from Delhi using 5G technology
5G services have been initially launched in13 cities The mobile services will promote the use of high-speed data PM Modi visited other booths at the event too
Ericsson
19 Jun 2020
5G subscription to cross 190 million globally by end of 2020: Report
In 2025, 88 percent of subscriptions are projected to be for mobile broadband.
Ericsson
17 Jun 2020
India’s data usage per smartphone may rise to about 25 GB per month by 2025
The study projected that total traffic will triple reaching 21EB per month in 2025.
Nokia
30 Apr 2020
Nokia first-quarter in profit, revenues miss consensus
The Finnish company, battling with China`s Huawei and Sweden`s Ericsson, is trying to strengthen its 5G slate and looking especially to deployment by U.S. telecom companies for growth.
Supreme Court
01 May 2019
SC disposes of contempt proceedings against Anil Ambani in Ericsson case
The Supreme Court on Wednesday disposed of the contempt proceedings against Reliance Communication chairman Anil Ambani after he repaid Rs 453 crore to Ericsson India.
Reliance Communications
19 Mar 2019
RCom shares zoom 10%; hit upper circuit after payment to Ericsson
The scrip jumped 10 per cent to Rs 4.40, its upper circuit limit, on the BSE.
Reliance Communications
18 Mar 2019
Reliance Communications pays Rs 458.77 cr to Ericsson: Sources
Failure to cough up the dues would have meant that RCom Chairman Anil Ambani would have faced a 3-month jail term.
NCLAT
14 Mar 2019
NCLAT reserves order in RCom-Ericsson payment case
Lenders of RCom have opposed the plea, saying that it will lead to outgo of public money for settling payment of a private party.
RCom
28 Feb 2019
Investors oppose RCom's plea to use IT refunds to settle Ericsson's dues
The NCLAT was hearing RCom's plea, which has approached the appellate tribunal seeking waiver over the moratorium placed by it on February 4.
Reliance Communications
07 Jan 2019
SC notice to Reliance Communications on Ericsson's plea
Ericsson India had on Friday moved the Supreme Court seeking initiation of contempt proceedings for the second time against RCom chairman Anil Ambani for allegedly not complying with its order to clear dues.
Reliance Communications
03 Oct 2018
Ericsson row: RCom gets relief from TDSAT on spectrum sale
RCom, in a regulatory filing to the BSE, said it will receive Rs 975 crore from sale of spectrum, and that it will pay Ericsson Rs 550 crore and RITL (Reliance Infratel) minority investors Rs 230 crore from the spectrum trading proceeds.
Reliance Communications
03 Oct 2018
Ericsson settlement deal row: RCom seeks 60 days more for payment
RCom maintained it has already filed an application on September 28 in the apex court seeking extension of time for making payment to the Swedish telecom equipment maker, by 60 days.
Reliance Communications
06 Aug 2018
Reliance Communications, Sweden's Ericsson reach $80 million settlement
In May, India`s bankruptcy court admitted a plea by Ericsson seeking insolvency resolution against RCom over unpaid service dues.
Reliance Communications
22 May 2018
RCom moves NCLAT challenging order allowing plea for its insolvency
Anil Ambani-run RCom's plea is expected to be heard by the appellate tribunal in the coming week.
Anil Ambani
18 May 2018
RCom in talks with Ericsson to settle dues outside NCLT
Earlier this week, the NCLT in Mumbai admitted an insolvency petition filed by Swedish firm Ericsson against RCom and two of its subsidiaries seeking to recover Rs 1,150 crore.
Reliance Communications
16 May 2018
RCom shares dive 20.5% on NCLT move
The stock after making a weak opening further tanked 20 percent to Rs 9.95 on BSE.
Ericsson
21 Nov 2017
Ericsson cuts 51 jobs in Finland
Ericsson currently employs around 800 people in Finland.
Ericsson
17 Nov 2017
In a first, Ericsson demonstrates 5G technology live in India
The demonstration using Ericsson`s 5G test bed and 5G New Radio (NR) delivered a throughput of 5.7 Gbps and ultra-low latency of 3 millisecond.
Ericsson
09 Oct 2017
50% of TV viewing in 2020 to go mobile: Ericsson
Approximately 70 per cent of consumers now watch videos on a smartphone -- double the amount from 2012, the findings showed.
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