Ericsson

Ericsson warned it expects a decline in the RAN market to continue at least through to the end of the year, as the Swedish vendor recorded a net sales decline of 14 per cent in Q1 2024, largely fuelled by its Networks division.

Around 55,000 residents of the Faroe Islands gained the option to connect to 5G after a deployment by Faroese Telecom, powered by Ericsson equipment.

An independent monitor appointed by the US Department of Justice certified an Ericsson anti-corruption compliance programme was functioning correctly and satisfied requirements, paving the way for the vendor to complete a plea deal agreed with authorities to settle historic bribery charges.

Ericsson CEO Borje Ekholm (pictured) warned Europe may not develop any leading industries if policymakers keep prioritising regulation over innovation, arguing the fragmented telecoms market is holding the continent back from unlocking new digital services and the economies around it.

Ericsson revealed plans to reduce staff numbers in Sweden by 1,200 as part of a wider cost-cutting drive attributed to continued challenging market conditions.

Ericsson took a fresh approach to targeting US government agencies with 5G services by creating a dedicated entity to provide related technologies, as it looks to offset low operator investment levels.

LIVE FROM AIRSPACE WORLD 2024, GENEVA: Ericsson Drone Mobility CEO Kapil Mittal (pictured, far right) emphasised the value existing mobile infrastructure could bring in enabling advanced air mobility, as his fellow panellists mulled the familiar issue of generating cash from new technologies.