Tags » Hans Vestberg

Here's What Ericsson's Ousted CEO Said About 5G Connectivity in 2014

The board of directors of Ericsson, the Swedish telecommunications giant, pushed out CEO Hans Vestberg on Monday.

He had led the company for six and a half years. 289 more words


Ericsson Boss Hans Vestberg Leaves Office Amid Allegations Of Corruption.

Hans Vestberg has reportedly stepped down as Chief Executive and President of telecom giant Ericsson, as the company struggles to improve earnings amid tightening competition in the industry. 1,615 more words


Ericsson Cutting Costs Further to Soothe Investor Fears

Mobile telecoms gear maker Ericsson said it would cut costs further to match slower network spending in Europe and Latin America after quarterly profit and sales missed expectations, sending its shares plunging more than 14%. 500 more words


One Day after Cisco Deal, Ericsson's Shares Tumble

A day after announcing a big partnership with Cisco, Ericsson’s shares dropped 6.3% on Tuesday after the company lowered its financial guidance.

Ericsson, which specializes in gear and services for managing mobile networks, said that it expects an annual growth rate of 2% to 4% from 2014 to 2018. 185 more words



Ericsson, the Swedish telecommunications equipment maker, has announced that it earned 6.695 million kronor (710 million euros) to September, 4% less than in the same period last year. 181 more words