Page 2 - Ericsson

Ericsson plans to expand R&D base in India, focuses on AI, 6G development

India is a key market for Swedish telecom gear maker Ericsson and the firm plans to expand its research and development (R&D) base in the country, a company executive said on Wednesday. Andres Vicente, Head of Southeast Asia, Oceania and India, Ericsson, speaking on the sidelines of India Mobile Congress 2024, said the company is stepping up the work on AI, Gen AI and Network APIs (Application Programming Interfaces) at its R&D centres in India. "India is one of the key markets for Ericsson across the world and we feel really proud of what we have achieved so far. We have been manufacturing in India since 1994," he said. The combination of high-performance, programmable networks and network APIs, along with a strong community of developers, will lead to significant growth and innovation. This presents a major opportunity for India, given its active developer and startup scene, he said. "We're going to invest more in research and development around 6G, network APIs and ...

After demand for 5G gear, Ericsson sees signs of demand recovery after Q3

Net sales declined by 4% to 61.8 billion Swedish crowns ($5.92 billion) but beat estimates of 61.6 billion. They were down 1 per cent on an underlying basis

Ericsson wins multi-billion dollar 5G equipment contract from Bharti Airtel

This comes after Ericsson got part of a $3.6 billion contract last month for selling 5G equipment to India's Vodafone Idea. It shared the contract with Nokia and Samsung

Ericsson bags 4 more telecom circles for 4G, 5G deployment on VIL network

Swedish telecom gear maker Ericsson has bagged four more telecom circles from Vodafone Idea for the deployment of 4G and 5G technology, the company said on Monday. Last month, debt-ridden Vodafone Idea (VIL) had awarded about Rs 30,000 crore telecom network contract to Ericsson, Nokia and Samsung for a period of three years. "Ericsson will upgrade 4G and deploy 5G across the Indian telecom circles it already powers for Vi. In addition, Ericsson will provide 4G and 5G services in the telecom circles of Delhi, Kerala, Chhattisgarh and Rajasthan, thereby increasing its footprint and market share with Vi substantially," a company statement said. Under the deal, VIL also replaced its Chinese vendor in Chennai and Andhra with Nokia. Nokia has become the largest supplier to VIL covering circles that generate more than 50 per cent of the debt-ridden telco's revenue.

Vodafone Idea expands long-term partnership with Ericsson for 5G rollout

As part of the new agreement, Ericsson will upgrade Vi's existing 4G networks and introduce 5G in key areas, including Delhi, Kerala, Chhattisgarh, and Rajasthan

Vodafone Idea awards Rs 30k-cr contracts for 4G, 5G gear supply for 3 years

Debt-ridden Vodafone Idea on Sunday said it has awarded contracts worth about Rs 30,000 crore to Nokia, Ericsson and Samsung for supply of 4G and 5G network equipment for three years. The deal is the first step towards the roll-out of the company's three-year capex (capital expenditure) plan of about USD 6.6 billion or Rs 55,000 crore announced earlier. "Vodafone Idea has concluded a mega, about USD 3.6 billion (around Rs 300 billion), deal with Nokia, Ericsson and Samsung for supply of network equipment over a period of three years. The capex programme is directed towards expanding the 4G population coverage from 1.03 billion to 1.2 billion, launching 5G in key markets and capacity expansion in line with data growth," the company said in a statement. The supplies against these new long-term awards will start in the coming quarter. The top priority for the company is to expand the 4G coverage to 1.2 billion Indians, the statement said.

Bharti Airtel to invest $1 billion in 4G gear from Ericsson, Nokia, Samsung

The contracts will address 300,000 new 4G base stations, with Ericsson, Nokia, and Samsung supplying about 50 per cent, 45 per cent, and 5 per cent of the equipment, respectively, over three years

Reliance Jio, Bharti Airtel part of global venture to sell network API

Set to begin by early 2025, venture includes 12 major telcos globally

Vi shareholders okay Rs 2,458 cr preferential issue to Nokia, Ericsson

Offering stake to its vendors will allow Vi to partially clear outstanding dues

Vodafone Idea eyes share issue to Nokia, Ericsson for debt settlement

Vi disclosed plans to raise up to Rs 2,458 crore through a preferential share allocation to Nokia and Ericsson, aimed at clearing a portion of their pending dues

Vodafone Idea to offer Rs 2,458 crore stake to Nokia and Ericsson

Shareholders to decide on the preferential issue at EGM on July 10

Nokia, Ericsson to pick Rs 2,458 cr stake in Vodafone Idea in lieu of dues

Debt-ridden telecom operator Vodafone Idea will allocate shares worth Rs 2,458 crore to vendors Nokia India and Ericsson India to clear their partial dues, a regulatory filing said on Thursday. The board of Vodafone Idea Ltd (VIL) has cleared allotment of shares on preferential basis at about 35 per cent higher price compared to the follow-on offer price of the company, and comes with a lock-in of 6 months. "The Board of Directors of Vodafone Idea Limited today approved preferential allotment of about 166 crore equity shares of face value of Rs 10 each, at an issue price of Rs 14.80 per share, for an aggregate consideration of up to Rs 2,458 crore, to two of its key vendors, Nokia Solutions and Networks India Private Limited and Ericsson India Private Limited," the filing said. Nokia and Ericsson will participate for up to Rs 1,520 crore and Rs 938 crore respectively, subject to approval by VIL shareholders at the EGM to be held on July 10, 2024, the telco said in a release. "Nokia

Why Ericsson is Eyeing New 4G and 5G Orders from Vodafone Idea

Ericsson in Talks with Vodafone Idea for Fresh 4G and 5G Equipment Orders. Nitin Bansal, MD of Ericsson India, Confirms Ongoing Discussions. Watch the video to know more

Ericsson India in discussions with Vodafone Idea for potential 5G agreement

Nitin Bansal of Ericsson India said the initiative follows a follow-on offer and is expected to initiate a network expansion project within the next two to three months

Ericsson mulls telecom equipment export from India in future amid 5G boom

Swedish telecom gear maker Ericsson expects significant use cases to emerge in India for 5G services that will drive densification of telecom networks in the country, a senior company official said on Wednesday. Ericsson India Managing Director Nitin Bansal, at a company's event to showcase 5G technology, said the company is actively engaging with academia, partners, and ecosystem players to develop relevant India-specific use cases. "Significant use cases will emerge in India within the next 12 to 24 months, facilitated by the network slicing capability of 5G technology," Bansal said. India continues to be a strategic market for us and the second-largest market for Ericsson, he added. When asked about green shoots for Ericsson in India after investment in the 5G network rollout is tapering down, Bansal said the demand for 5G will demand for densification of networks. "While the 5G rollouts have stabilised in the country given the rapid rollout and expansion of last year, we do, .

Vi steps up talks with Nokia, Ericsson to accelerate 4G network enhancement

Vodafone Idea intends to allocate Rs 13,000 crore for capital expenditures, with over half of it earmarked for expanding its 4G infrastructure

Ericsson's Q1 profit rises to $394 mn, expects sales to stabilise soon

Its shares were up 6% in early trade, to levels last seen at the start of the month

India a significant player in shaping global 6G standards: Ericsson exec

She says that fixed wireless access is paving the way for new revenue streams and monetisation in 5G for communication service partners in India

Ericsson to slash 1,200 Swedish jobs in bid to cut costs amid lower sales

The company also plans to cut costs separately by eliminating facilities and the use of consultants and will streamline processes, it said in a statement on Monday

Ericsson deploys 100,000 Massive MIMO 5G radios for Bharti Airtel

Swedish telecom company Ericsson on Monday said that it has deployed 1,00,000 massive MIMO 5G radios for Bharti Airtel across its 12 circles. In a regulatory filing, Airtel said that it has deployed energy-efficient Ericsson radio system products and solutions from Ericsson's 5G Radio Access Network (RAN) and MINI-LINK (microwave) mobile transport portfolios. "Ericsson has successfully deployed 1,00,000 Massive MIMO (Multiple-Input, Multiple-Output) 5G radios for Bharti Airtel across its 12 circles within a record time of 500+ days," the statement said. "Ericson is a long-standing partner of Airtel and we are happy to partner them in achieving this milestone of deploying 1,00,000 5G radios across 12 Airtel circles. We have over 65 million customers on our network who are now enjoying blazing fast unlimited 5G data at no additional cost," said Randeep Sekhon, CTO of Bharti Airtel. Multiple-input multiple-output (MIMO) 5G radio technology helps in faster data transmission using multi