VARINDIA IT MAGAZINE

As part of enabling Brazil’s digital agenda, Ericsson has announced that it would support Brazil in the realization of its digital agenda. Ericsson together with America Movil will bring the first 5G test system to Brazil during 2016. Hans Vestberg, President & CEO, Ericsson, said, “ICT can support the transformation of virtually all sectors of society as well as all industries. I am convinced the next generation of mobile broadband and the Internet of Things, enabled by 5G, will further accelerate the opportunities to advance in areas such as health care, education, energy services and agriculture, and within new industry applications.” Read more

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Ericsson has announced its fourth quarter and full year report. 2011 was claimed to be a year of strong sales growth of 12%, and sales for comparable units, adjusted for currency exchange rate effects and hedging, increased 19%. In spite of weak JV results, net income increased SEK 1.3 b. to SEK 12.6 b., driven by higher sales and lower restructuring charges. The Board of Directors proposes a dividend for 2011 of SEK 2.50 (2.25), an increase by 11%. Hans Vestberg, President & CEO - Ericsson said, "For the full year 2011, we had a strong sales growth and an increase in net income. In the fourth quarter, however, we saw weaker development in Networks, as well as an expected gross margin impact from a changed business mix with more coverage projects, modernization projects in Europe, and a higher services share. Group sales in the quarter were flat year-over-year and grew 15% sequentially, which is weaker than normal in the fourth quart...