Nordic News, Business and Life in Asia
Ericsson’s reliance on the US market has grown to about 43% of year-to-date revenues, but third-quarter US sales fell 17% to roughly SEK 22.5 billion (about 2.4 billion$). The Swedish …
Ericsson faces US revenue slump and China risk Read More
China has moved to curb the use of telecommunications equipment from Finnish Nokia and Swedish Ericsson by ordering that their contracts be submitted to “black box” national security reviews conducted …
China Imposes Restrictions on Nokia & Ericsson in Telecom Networks Read More The Swedish telecom company Ericsson denied that it is exiting the Chinese market. It has decided to stay even though the local rivals such as Huawei Technologies pose challenges when …
Ericsson will stay in China market Read More
Swedish telecom company Ericsson has renewed a multi-year deal with Chinese Huawei. Under the agreement, the two firms will pay each other royalties for the use of the other’s patents …
Ericsson renews multi-year deal with Huawei Read More
The Swedish telecoms giant Ericsson has reported a rise in net profit in 2021, with a better-than-expected performance in the fourth quarter despite significant market share loss in Mainland China. …
Ericsson profits soar despite significant market share loss in Mainland China Read More
New evidence shows that the Swedish networking and telecommunications company Ericsson has been doing business with a Chinese factory accused of using the Uighur Muslims minority for forced labor. Swedish …
Swedish Ericsson connected to forced labor factory in China Read More