Tag: Ericsson

Tech

Ericsson, Nokia win £2b 5G contract from VodafoneThree

VodafoneThree has signed a £2 billion (US$2.7 billion) contract with Swedish telecom equipment maker Ericsson and Finland’s Nokia to supply 5G infrastructure over the next decade, the companies announced Monday. Ericsson, the lead vendor, confirmed its share of the deal is worth 12.5 billion Swedish crowns (US$1.3 billion). Nokia did not disclose financial details but […]

Ericsson sued $170m over CEO's Iraq activities
Tech

Ericsson sued $170m over CEO’s Iraq activities

Swedish telecommunications giant, Ericsson, finds itself entangled in legal turmoil as thirty-seven shareholders collectively launch a lawsuit, seeking 1.8 billion Swedish crowns in compensation. Alleging that the company’s CEO’s revelations regarding Iraq-related activities triggered a downward spiral in stock value, these shareholders, including investment firms and pension funds, are uniting in coordinated legal action. CEO […]