Telecoms equipment specialist Ericsson has warned employees in its home country of Sweden that around 1,550 redundancies are planned across all job areas. The move is part of the company’s drive to reduce costs and improve operational effectiveness.
Over 17,700 people are currently employed in Ericsson’s Swedish sites.
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O2 UK has revealed its plans for dealing with the aftermath of last week’s UK network outage that saw millions of customers without mobile service for several hours.
The problems came just three months after another period of widespread disruption.
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Mark Bridge writes:
I spend much of my time writing about telecommunications and technology. I spend a fair amount of time dealing with big technology-related companies. Yet although I understand many aspects of telecoms, I certainly wouldn’t want to run one of those businesses. It’s a question of relevant experience.
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Ericsson’s quarterly results show net income increasing 116% year-on-year from 4.1 billion krona in Q1 2011 to 8.8 billion krona this year, although the company’s sale of its share in Sony Ericsson accounted for most of this.
Sales decreased by 4% year-on-year.
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Sony Corporation says it’s completed the transaction to acquire the other half of Sony Ericsson Mobile Communications; a 50% stake that was owned by Telefonaktiebolaget LM Ericsson.
It means Sony Ericsson is now a wholly-owned subsidiary of Sony.
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