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

Chinese consumers on Tuesday said US measures of putting restrictions on Huawei will not "beat down China" after Washington added the company to a trade blacklist last week, making it extremely difficult for the telecom giant to do business with US companies.

'Sleeping dragon will wake up': Chinese consumers on Huawei row

The firm said it had been hit by an impairment charge of 6.4 billion euros 'in respect of the group's investment in India'

Vodafone loss doubles to $5.5 billion due to India write-down

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