x
4G/3G/WiFi

Euronews: Ericsson Pumps $4.9B Into R&D

Ericsson AB (Nasdaq: ERIC), Nokia Networks , KPN Telecom NV (NYSE: KPN) and Net Insight AB (Stockholm: NETI-B) all feature in this Friday's roundup of regional news.

  • Ericsson downloaded a welter of statistics during its Annual General Meeting held Thursday in Stockholm. The Swedish giant said it spent about 33 billion Swedish kronor (US$4.87 billion) on R&D in 2011 (about 14.5 percent of its full year revenues) and that it has about 22,000 staff engaged in R&D activities. The vendor also repeated its claim to have grabbed a 38 percent share of the global mobile network systems market last year, up from a 32 percent share in 2010. Ericsson now believes it is twice as large as its nearest mobile infrastructure rival, which would be Huawei Technologies Co. Ltd. (See Ericsson Suffers Margin Crunch.)

  • NSN has amended its divestiture deal with DragonWave Inc. (AIM/Toronto: DWI; Nasdaq: DRWI), which is buying most of the vendor giant's wireless backhaul business. Under the new terms, the two companies have agreed on a set of services and development relationships under which NSN will, for now, retain its backhaul assets in Italy. The asset sale was first announced in November 2011 and has become part of NSN's restructuring program. (See DragonWave Amends NSN Deal, DragonWave to Buy NSN Unit, NSN Could Lose More Than 17,000 Staff and NSN Unveils Its Kill List .)

    Separately, NSN will show off what it says will be a world record Long Term Evolution Time Division Duplex (LTE TDD) data connection speed of 1 Gbit/s at the CTIA Wireless 2012 show in New Orleans next week, where it will also unveil a number of new LTE TDD products. Follow all the key pre-show developments, as well as news from the event, at our Official CTIA Show Site.

  • Net Insight, which provides video transport infrastructure to network operators and broadcasters, reported a 15 percent growth in first-quarter revenues to SEK 76.6 million ($11.3 million) and increased its operating margin to 6.7 percent from 4.3 percent a year ago. (See Swisscom Transports Video With Net Insight and Net Insight Wins Telecom Italia Media Deal.)

  • Dutch national operator KPN Telecom NV (NYSE: KPN) will offer LTE services for business customers in Utrecht and The Hague from May 11, reports De Telegraaf.

  • Telco S.p.A., the principal shareholder of Telecom Italia (TIM) , has restructured its finances following a writedown in the value of its holding in the Italian operator, reports Bloomberg.

  • Telefónica UK Ltd. is to provide its O2 Wi-Fi services for free through the national chain of Costa coffee shops, starting in London. But there are restrictions, as the free service is available to Costa's 14 million monthly visitors for just 30 minutes, unless they are Costa Coffee Club members, in which case they get unlimited free access. O2 Wi-Fi has opted to provide its services for free through its venue partners, as its managing director, Gavin Franks, explained recently at a Light Reading event. (See Should Wi-Fi Be a Free-for-All? )

  • Derek Wilcocks has taken over as CEO of Dimension Data 's Middle East and Africa from Allan Cawood, who is leaving after 11 years at the IT and communications services provider.

    Euronews is taking a break for the U.K. national public holiday on May 7, but will be back in the saddle on Tuesday, May 8.

    — Ray Le Maistre, International Managing Editor, Light Reading

  • Be the first to post a comment regarding this story.
    HOME
    Sign In
    SEARCH
    CLOSE
    MORE
    CLOSE