Ericsson

Telecom Equipment Maker Ericsson Plans To Lay Off 8,500 Employees Globally: Report

The company said in December it would cut costs by 9 billion crowns ($880 million) by the end of 2023 as demand slows in some markets, including North America.Ericsson to lay off 8,500 employees

Feb 24, 2023, 20:15 PM IST

PM Narendra Modi drives car in Europe virtually from Delhi using 5G technology: WATCH Video

After launching the 5G, mobile services in India, Prime Minister Narendra Modi used it to test drive a car in Sweden while sitting in the Ericsson booth in Delhi at Indian Mobile Congress 2022.

Oct 01, 2022, 17:40 PM IST

5G subscription to cross 190 million globally by end of 2020: Report

In 2025, 88 percent of subscriptions are projected to be for mobile broadband.

Jun 19, 2020, 13:05 PM IST

India’s data usage per smartphone may rise to about 25 GB per month by 2025: Report

The study projected that total traffic will triple reaching 21EB per month in 2025.

Jun 17, 2020, 13:26 PM IST

Nokia first-quarter in profit, revenues miss consensus

The Finnish company, battling with China`s Huawei and Sweden`s Ericsson, is trying to strengthen its 5G slate and looking especially to deployment by U.S. telecom companies for growth.

Apr 30, 2020, 11:52 AM IST

Supreme Court disposes of contempt case against Anil Ambani after payment of Rs 453 crore to Ericsson

The Supreme Court on Wednesday disposed of the contempt proceedings against Reliance Communication chairman Anil Ambani after he repaid Rs 453 crore to Ericsson India.

May 01, 2019, 10:01 AM IST

RCom shares zoom 10%; hit upper circuit after payment to Ericsson

The scrip jumped 10 per cent to Rs 4.40, its upper circuit limit, on the BSE.

Mar 19, 2019, 17:59 PM IST

Reliance Communications pays Rs 458.77 cr to Ericsson: Sources

Failure to cough up the dues would have meant that RCom Chairman Anil Ambani would have faced a 3-month jail term.

Mar 18, 2019, 17:48 PM IST

NCLAT reserves order in RCom-Ericsson payment case

Lenders of RCom have opposed the plea, saying that it will lead to outgo of public money for settling payment of a private party.

Mar 14, 2019, 12:34 PM IST

Investors oppose RCom's plea to use IT refunds to settle Ericsson's dues at NCLAT

The NCLAT was hearing RCom's plea, which has approached the appellate tribunal seeking waiver over the moratorium placed by it on February 4.

Feb 28, 2019, 13:09 PM IST

SC pulls up Reliance Communications on Ericsson's plea, Anil Ambani's firm offers to deposit Rs 118 cr

Ericsson India had on Friday moved the Supreme Court seeking initiation of contempt proceedings for the second time against RCom chairman Anil Ambani for allegedly not complying with its order to clear dues.

Jan 07, 2019, 11:56 AM IST

Ericsson row: RCom gets relief from TDSAT on spectrum sale

RCom, in a regulatory filing to the BSE, said it will receive Rs 975 crore from sale of spectrum, and that it will pay Ericsson Rs 550 crore and RITL (Reliance Infratel) minority investors Rs 230 crore from the spectrum trading proceeds.

Oct 03, 2018, 17:44 PM IST

Ericsson settlement deal row: RCom seeks 60 days more for payment citing pending spectrum sale

RCom maintained it has already filed an application on September 28 in the apex court seeking extension of time for making payment to the Swedish telecom equipment maker, by 60 days.

Oct 03, 2018, 15:27 PM IST

Reliance Communications, Sweden's Ericsson reach $80 million settlement

In May, India`s bankruptcy court admitted a plea by Ericsson seeking insolvency resolution against RCom over unpaid service dues.

Aug 06, 2018, 14:17 PM IST

RCom moves NCLAT challenging order allowing plea for its insolvency

Anil Ambani-run RCom's plea is expected to be heard by the appellate tribunal in the coming week.

May 22, 2018, 17:06 PM IST

RCom in talks with Ericsson to settle dues outside NCLT

Earlier this week, the NCLT in Mumbai admitted an insolvency petition filed by Swedish firm Ericsson against RCom and two of its subsidiaries seeking to recover Rs 1,150 crore.

May 18, 2018, 18:15 PM IST