Telefonaktiebolaget LM Ericsson (ERICb.ST)
18 Jan 2019
STOCKHOLM Sweden's Ericsson said it will book a 6.1 billion crown ($687 million) charge for the fourth quarter after a failed revamp of its loss-making Business Support System unit (BSS), as it seeks to protect its profitability targets.
* Sees related restructuring charges of 1.5 bln crowns in 2019
STOCKHOLM, Jan 10 Mobile telecom equipment maker Ericsson said on Thursday it would make cost provisions of 6.1 billion Swedish crowns ($687 million) in the fourth quarter as it shifted strategy for its loss-making Business Support System (BSS) unit.
NEW DELHI, Jan 6 Indian telecom company Reliance Communications Ltd (RCom) said it remained "fully committed" to settle dues with Swedish telecom gearmaker Ericsson from the proceeds of its sale of wireless assets to Reliance Jio Infocomm Ltd.
NEW DELHI Indian telecom company Reliance Communications Ltd (RCom) said it remained "fully committed" to settle dues with Swedish telecom gearmaker Ericsson from the proceeds of its sale of wireless assets to Reliance Jio Infocomm Ltd [RELIB.UL].
MILAN European shares remained stuck in a "Santa Crash" on Tuesday in a fourth straight session of losses, dragged down by poor economic data and lower oil prices.
FRANKFURT/PARIS Huawei [HWT.UL] faces fresh challenges in Europe after Germany's Deutsche Telekom announced it would review its vendor strategy and Orange said it would not hire the Chinese firm to build its next-generation network in France.
* Orange won't hire Huawei for French 5G network (Adds Softbank context, T-Mobile-Sprint deal)
TOKYO Domestic investors have sought nearly double the number of shares offered by SoftBank Group Corp's soon-to-list wireless unit, two sources from a lead IPO underwriter said, underscoring strong demand for Japan's third-largest telco.
* Investors sought twice as many shares as available -underwriter