Dive into the tech & future
Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by news agency Reuters said. The job cuts at Ericsson are the largest layoffs to hit the telecom industry this year so far. The company is seeking cost reductions at … Read more
Ericsson has shared a new edition of its Mobility Report. This new edition is named the Business Review edition. Ericsson’s latest report addresses the monetisation opportunities related to 5G. The report also highlights a positive revenue growth trend since the beginning of 2020 in the top 20 5G markets. As per the report, this will … Read more
“With our fourth quarter result we are on track to deliver on our long-term EBITA target of 15-18% by 2024. We remain fully committed to our strategic ambitions and have full confidence in the long term. During the quarter, we made measurable progress towards achieving these ambitions, against a backdrop of broad macroeconomic headwinds. As … Read more
Apple has been long working on an in-house 5G modem, wanting to reduce its reliance on Qualcomm. But Qualcomm may not be the only company that Apple wants to let go of. The Cupertino-based giant is also looking to develop in-house Wi-Fi and Bluetooth modems that it sources from Broadcom, which may find its way … Read more
From connecting people with 5G services to lowering the cost of operations, the country’s revitalised telecom sector is witnessing the bloom of reforms, and is set to attract more than Rs 1.5 lakh crore investments to build up networks in the new year. Once the poster boy of India’s growth story, then a debt-laden segment … Read more
Nokia and Ericsson – two of the biggest telecom equipment makers – are set to exit Russia at the end of this year. Their departure could impede the country’s mobile network steadily over the long term, hampering day-to-day communications for the citizens.According to Reuters, senior telecom executives and industry sources say that everyday Russian users … Read more
Ericsson is scaling up the production capacity and operations with its partner Jabil in Pune to meet the needs of 5G network deployments in India. The company, claimed to be the first telecom vendor to set up manufacturing in India in 1994, makes equipment with Jabil that includes 4G and 5G radios, RAN Compute as … Read more