Vodafone Idea Ltd., one of India's prominent telecom operators, has successfully finalised a monumental $3.6 billion deal with technology giants Nokia, Ericsson, and Samsung.

Vodafone Idea completes $3.6 billion deal with Nokia, Ericsson, and Samsung

Sweden's Ericsson will pay a $206 million fine and plead guilty after violating a 2019 deal with U.S. prosecutors that required the telecoms firm to properly disclose information on its activities in Iraq, China and Djibouti.

Bribery case: Ericsson to pay $206 million for breaching US prosecutor deal

Swedish telecommunications company Ericsson is set to lay off 8,500 employees in a cost-cutting effort and according to the reports, most of the layoffs would be done in the first half of 2023 and as early as the rest of 2024.

Swedish company Ericsson to lay off 8,500 workers globally; to be implemented in first half of 2023

As part of its cost-cutting strategy, telecom equipment manufacturer Ericsson will layoff 8,500 workers globally, according to a memo written to staff members and seen by Reuters news agency.

Swedish telecom giant Ericsson to go on cost-cutting with layoff of 8,500 employees

Swedish multinational company Ericsson has decided to trim 1,400 jobs in Sweden with larger headcount loss in other countries. Not too long ago, big tech companies were hiring at an alarming rate during the pandemic, expecting greater demand for their tech offering.

Ericsson plans to fire nearly 1,400 employees

Part of a broader plan to reduce costs globally, Swedish Telecom gear makers - Ericsson plans to get about 1,400 jobs in Sweden alone. The move is a part of companies' earlier announced plan to get cost by $880 million by the end of this year.

Major global tech firms going for job cuts: Ericsson to cut 1,400 jobs

Telecom companies Ericsson and Nokia have given deadlines for exiting the Russian market. While the Swedish giant will be winding down its operations in the coming months, its Finnish rival Nokia will bring down shutters by the year-end.

A day after Dell, Ericsson and Nokia announce plans to wind operations in Russia

Nokia on Tuesday announced plans to cut up to 10,000 jobs within two years to trim costs and invest more in research capabilities, as the Finnish telecoms group seeks to step up its challenge to Sweden's Ericsson and China's Huawei.

Nokia to cut up to 10,000 jobs over next 2 years

Hundreds of Nokia's employees have risen up in protest holding up t-shirts that read: COVID-19 spared me, but Nokia wants to kill me with CEO Rajeev Suri being a special target.

Can Nokia's new CEO Pekka Lundmark beat Huawei, Ericsson in 5G race?

EU countries have no reason to use 5G mobile technology from Huawei because Sweden's Ericsson, Finland's Nokia and South Korea's Samsung are on par with the Chinese group in the field, a senior US diplomat said.

US urges EU to use 5G by Ericsson, Nokia, Samsung, seen on par with Huawei

Tech companies Amazon, Sony and Ericsson are skipping the Mobile World Congress this year because of fears over the coronavirus. The companies will stay away from the world's biggest mobile tech fair in Barcelona.

Coronavirus prompts Sony, Amazon, Sony & Ericsson to join Barcelona mobile congress exodus

Swedish mobile telecoms company Ericsson has agreed to pay over $1 billion to resolve probes into corruption, including the bribing of government officials, the US Department of Justice said on Friday.

Ericsson to pay over $1 billion to resolve US corruption probes

Blacklisted Chinese telecoms equipment giant Huawei is in early-stage talks with some US telecoms companies about licensing its 5G network technology to them, a Huawei executive told Reuters on Friday.

Huawei in early talks with US firms to licence 5G platform: Official

Mobile network gear maker Ericsson posted a second-quarter profit in line with expectations on Wednesday and said it was on track to meet its financial goals due to strong sales of 5G equipment.

Ericsson says on track for 2020 targets as second-quarter profit matches forecasts

Chinese equipment provider Huawei has proposed to sign an agreement, including "no back door", with the Indian government to allay any security concerns it may have regarding its network equipment. The company is facing heat in the Indian market following the ban of Huawei in the US market, which has been followed by Australia and Japan. However, some countries are yet to take a decision.

Huawei ready for 'no back door' pact

Sweden's Ericsson has raised its forecast for 5G subscriptions by 27 per cent to 1.9 billion by 2024, with network coverage offering access to 45 per cent of the world's population, it said on Tuesday.

Swedish gearmaker Ericsson increases 5G forecasts

Shares of Anil Ambani-led Reliance Communications Ltd (RCom) were locked in the upper circuit on Tuesday after his elder brother Mukesh Ambani helped pay off the debt owed to Sweden's Ericsson.

Reliance Communications jumps after Mukesh Ambani bails out brother Anil on Ericsson dues

The requisite payment of Rs 550 crore and interest thereon to Ericsson has been completed on Monday in compliance with the judgment of the Supreme Court, said Reliance Communication (RCom).

Reliance Communications pays Ericsson Rs 550 crore 

Business tycoon Anil Ambani is planning to use a payment from his brother's company and the sale of real estate assets to pay what he owes to Sweden's Ericsson following a court ruling this week, a source familiar with the matter said.

Anil Ambani's RCom looks to real estate assets, Jio deal to pay Ericsson dues

The Supreme Court of India on Monday issued a notice to Reliance Communications chairman Anil Ambani and others on a contempt petition filed by Ericsson. According to reports, the contempt petition has been filed because of non-payment of dues.

Supreme Court issues notice to Anil Ambani's RCom over non-payment of dues

The US commerce department can exercise discretion in granting exceptions

Investors wipe $3 billion off China's ZTE as US settlement sinks in

Ericsson aims to reach an annual cost reduction run rate of at least $1.2 billion by mid-2018

Ericsson could dismiss 25,000 employees in cost-cutting drive

Ericsson feels the pinch of weakening currencies and low oil prices, cost reduction plan could affect more jobs

Stagnating sales forces Ericsson to cut costs further

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