Shares fall 20% at Ericsson following profit warning and news it is cutting 3,000 jobs in Sweden

The bad news keeps piling up for Ericsson. Last week the Sweden-based giant reported that it intends to cut its 16,000 Swedish workforce by 3,000 positions in production, research & development (R&D), as well as sales and administration. Yesterday the Sweden-based company gave an interim report that sales fell 14% in Q3.

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Ericsson announces a 5G access network – but what is 5G?

On August 31, 2016, Ericsson announced the launch of its new AIR 6468 cellular radio. Ericsson stated that together with the 5G Plug-Ins announced in June, and the (already available) Radio System Baseband 5216, it now offers all the components of a 5G access network.

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Ericsson replaces CEO Vestberg as it begins more cost cutting and focuses on IoT

Ericsson‘s (NASDAQ:ERIC) Board of Directors today announced that Hans Vestberg steps down as President and CEO and member of the Board of Directors of Ericsson with immediate effect.

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Ericsson and Cisco partner to create the networks of the future

In a world driven by mobility, cloud, and digitisation, the networks of the future will require new design principles to ensure they are agile, autonomous, and highly secure. Ericsson and Cisco will meet this challenge together by offering end-to-end leadership across network architectures including 5G, cloud, IP, and the Internet of Things – from devices

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