Key Developments For Telefonaktiebolaget L M Ericsson
Telefonaktiebolaget L M Ericsson (ERIC.O) (Nasdaq)
Telefonaktiebolaget LM Ericsson Receives Order from Iraqi Korek Telecom
Telefonaktiebolaget LM Ericsson announced that it has received an order for a software platform for customer billing and invoicing from Iraqi Korek Telecom. Further details were not disclosed.
Telefonaktiebolaget LM Ericsson Withdraws Complaint With European Commission
Telefonaktiebolaget LM Ericsson announced that it has withdrawn its complaint to the European Commission regarding Qualcomm's WCDMA (3G) licensing activities. Telefonaktiebolaget LM Ericsson will, however, continue its ongoing dialogue with competition authorities around the world in relation to Qualcomm's licensing practices. Ericsson's goal remains the same: To ensure a robust, enforceable and fair IPR regime for standards, particularly those relating to 3G and 4G wireless technologies. In October 2005, Telefonaktiebolaget LM Ericsson, Nokia, Broadcom, Panasonic, NEC and Texas Instruments filed coordinated complaints alleging that Qualcomm was both violating antitrust laws and breaching its own commitments to standard-setting bodies to license its declared essential patents on fair, reasonable and non-discriminatory (FRAND) terms. In support of these complaints, the companies have filed substantial economic evidence that Qualcomm's conduct has caused mobile phone users to pay billions of Euros in unnecessary costs. In parallel with the investigation by the European Commission, antitrust authorities in other jurisdictions initiated investigations against Qualcomm. As a result, the Korean Fair Trade Commission imposed orders concerning Qualcomm's restrictive practices and imposed the highest fine in its history on Qualcomm.
Telefonaktiebolaget LM Ericsson and Sony Corporation Owned Sonny Ericsson's Chennai Site Closure Affects Employees-DJ
Dow Jones reported that the move by Sony Ericsson, joint vesture owned by Telefonaktiebolaget LM Ericsson and Sony Corporation, to close its product development site in the southern Indian city of Chennai will affect the jobs of less than 60 employees at the site. Sony Ericsson announced on November 19, 2009 that it was moving its North American headquarters from North Carolina to Atlanta and closing a half-dozen sites worldwide as part of a global consolidation that will cut approximately 2,000 jobs. The company, however, doesn't plan to shut down any other offices in India, where it employs a total of about 120 staff, including those in Chennai. Sonny Ericsson will consolidate product development operations by closing sites in Research Triangle Park, N.C.; Seattle; Miami; San Diego; Kista, Sweden; and Chennai, India.
Telefonaktiebolaget LM Ericsson and Sony Corporation Owned Sony Ericsson To Phase Out Work In Some Locations-Reuters
Reuters reported that Sony Ericsson will phase out activities in some of its locations worldwide, as part of a cost reduction programme. Sony Ericsson, owned by Telefonaktiebolaget LM Ericsson and Sony Corporation, said it was continuing with its business transformation programme as announced earlier and main aim was to return to profitability as soon as possible.
Telefonaktiebolaget LM Ericsson to Operate TV4 Group's Playout Services
Telefonaktiebolaget LM Ericsson announced that the Swedish broadcaster TV4 Group has selected Ericsson to operate its nationwide playout services as part of a 10-year contract. In addition, Ericsson and TV4 Group will establish a joint technology and business development forum. TV4 Group has chosen Ericsson to run the day-to-day transmission of its television channels for delivery to service providers. In the technology and business development forum, the two companies will evaluate new business opportunities as TV4 Group develops its offering from standard linear television to on-demand television. As a result of the agreement, 40 employees from TV4 Group will be transferred to Ericsson.
