Last year, the company reported a profit of $739 million.
Nokia Q1 earnings down
Nokia's share price was down seven percent at $4.35.Ericsson Q1 net profit at $155m
Firm announced that it would slash 8,500 jobs worldwide.
Ericsson to cut 8,500 jobs
Most of the layoffs would be implemented in H1 2023.Ericsson Q3 profit at $480m
Firm is making 'pricing adjustments' as inflation soars.Ericsson pulls out of Russia
Swedish firm said it was suspending its operations.Ericsson board censured for graft
Shareholders sanctioned it for alleged payments to terror groups.
Mawani signs MoUs with Huawei, Ericsson to push Smart Ports program
The Saudi Ports Authority (Mawani) on Sunday launched the Smart Ports initiative in a bid to enable Saudi ports apply modern technologies and boost their competitiveness. During the launch, Mawani signed three MoUs with STC, Ericsson and Huawei, the Saudi Global Ports Company (SGP), the Red Sea Gateway Terminal Company...
US finds Ericsson disclosures on Iraq graft ‘insufficient’
Sweden's Ericsson said Wednesday that US authorities have found its disclosures about an internal inquiry into its conduct in Iraq, including suspected bribes to the Islamic State group, "insufficient".
Saudi Telecom Company signs over 15 pacts at LEAP22
The Saudi Telecom Company (STC) has signed fifteen agreements with major international companies, including Microsoft, Huawei, Ericsson, and Cisco, in addition to other agreements with different government agencies, such as the Ministry of Municipal and Rural Affairs and Housing, the Ministry of Tourism and the Saudi Tourism Authority.Despite hurdles, interest in 5G high in MENA
As GCC shifts away from dependence on oil and gas revenues, 5G is set to fuel tech growth and ease lifestyle, says Zoran Lazarevic, CTO for Ericsson Middle East and Africa.Mobily signs recycling deal
Mobily will recycle old and discarded Ericsson devices.
