Ericsson

The spiritual event, held between January 13 and February 26, saw participation from over 660 million people

Second such deal announced by telco in past two-weeks, will aim to deploy 5G gear

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Despite 5G's rapid growth, 4G still leads with 54% of subscriptions but will drop sharply from 640 million in 2024 to 240 million by 2030 as 5G adoption accelerates

He tells that Artificial Intelligence (AI) is solving real life challenges in telecom networks

During the July-Sept period, Ericsson's India revenue plunged 68% Y-o-Y, while Nokia's India sales saw a 43 per cent Y-o-Y dip. Both firms supply network solutions to telecom operators in India

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India is a key market for Swedish telecom gear maker Ericsson and the firm plans to expand its research and development (R&D) base in the country, a company executive said on Wednesday. Andres Vicente, Head of Southeast Asia, Oceania and India, Ericsson, speaking on the sidelines of India Mobile Congress 2024, said the company is stepping up the work on AI, Gen AI and Network APIs (Application Programming Interfaces) at its R&D centres in India. "India is one of the key markets for Ericsson across the world and we feel really proud of what we have achieved so far. We have been manufacturing in India since 1994," he said. The combination of high-performance, programmable networks and network APIs, along with a strong community of developers, will lead to significant growth and innovation. This presents a major opportunity for India, given its active developer and startup scene, he said. "We're going to invest more in research and development around 6G, network APIs and ...

Net sales declined by 4% to 61.8 billion Swedish crowns ($5.92 billion) but beat estimates of 61.6 billion. They were down 1 per cent on an underlying basis

This comes after Ericsson got part of a $3.6 billion contract last month for selling 5G equipment to India's Vodafone Idea. It shared the contract with Nokia and Samsung

Swedish telecom gear maker Ericsson has bagged four more telecom circles from Vodafone Idea for the deployment of 4G and 5G technology, the company said on Monday. Last month, debt-ridden Vodafone Idea (VIL) had awarded about Rs 30,000 crore telecom network contract to Ericsson, Nokia and Samsung for a period of three years. "Ericsson will upgrade 4G and deploy 5G across the Indian telecom circles it already powers for Vi. In addition, Ericsson will provide 4G and 5G services in the telecom circles of Delhi, Kerala, Chhattisgarh and Rajasthan, thereby increasing its footprint and market share with Vi substantially," a company statement said. Under the deal, VIL also replaced its Chinese vendor in Chennai and Andhra with Nokia. Nokia has become the largest supplier to VIL covering circles that generate more than 50 per cent of the debt-ridden telco's revenue.

As part of the new agreement, Ericsson will upgrade Vi's existing 4G networks and introduce 5G in key areas, including Delhi, Kerala, Chhattisgarh, and Rajasthan

Debt-ridden Vodafone Idea on Sunday said it has awarded contracts worth about Rs 30,000 crore to Nokia, Ericsson and Samsung for supply of 4G and 5G network equipment for three years. The deal is the first step towards the roll-out of the company's three-year capex (capital expenditure) plan of about USD 6.6 billion or Rs 55,000 crore announced earlier. "Vodafone Idea has concluded a mega, about USD 3.6 billion (around Rs 300 billion), deal with Nokia, Ericsson and Samsung for supply of network equipment over a period of three years. The capex programme is directed towards expanding the 4G population coverage from 1.03 billion to 1.2 billion, launching 5G in key markets and capacity expansion in line with data growth," the company said in a statement. The supplies against these new long-term awards will start in the coming quarter. The top priority for the company is to expand the 4G coverage to 1.2 billion Indians, the statement said.

The contracts will address 300,000 new 4G base stations, with Ericsson, Nokia, and Samsung supplying about 50 per cent, 45 per cent, and 5 per cent of the equipment, respectively, over three years

Set to begin by early 2025, venture includes 12 major telcos globally

Offering stake to its vendors will allow Vi to partially clear outstanding dues

Vi disclosed plans to raise up to Rs 2,458 crore through a preferential share allocation to Nokia and Ericsson, aimed at clearing a portion of their pending dues

Shareholders to decide on the preferential issue at EGM on July 10