NOKIA OYJ

17 Aug

Ericsson Reaches $1 Billion Deal to Sell US Firm to Koch Unit

stp2y0 CommentsRAG models5G Network, AT&T INC, Earnings, ERICSSON LM-B SHS, Government, INFOR INC, KOCH INDUSTRIES INC, Markets, NOKIA OYJ, Taxes, Technology, VERIZON COMMUNICATIONS INC

Swedish telecom-equipment maker Ericsson AB reached a $1 billion deal to sell its US call-routing business Iconectiv to a private investment arm of Koch Industries Inc.Ericsson expects to get about 10.6 billion kronor ($1 billion) in cash after taxes, transaction expenses and other liabilities as part of the takeover by Koch Equity Development, the company said in a statement late Friday. The deal is expected to close in the first half of 2025 and result in one-time earnings of about 8.8 billion kronor. Source link lol

15 Aug

Mobile Networks Market Sees ‘Glimmer of Hope’ After Long Decline

stp2y0 CommentsRAG models5G Network, Asia, china, cities, DELL TECHNOLOGIES -C, ERICSSON LM-B SHS, india, NOKIA OYJ, North America, Radio, Technology

The years-long decline in demand for radio access networks that has battered sales at mobile equipment makers Ericsson AB and Nokia Oyj is showing signs of stabilization, according to a report from Dell’Oro Group Inc.Three of the six regions tracked by Dell’Oro showed signs of growth in the second quarter, compared to one region in the prior period, said the Redwood City, California-based telecom research company, whose reports are widely watched by the industry. Source link lol