Ericsson to exit modem business, cut jobs
By Nick Wood, Total Telecom
Thursday 18 September 14
Swedish kit maker to plough resources into radio network R&D instead.
Ericsson said on Thursday it will shut down its modem business and plough the resulting cost savings into radio network R&D.
The Swedish kit provider said it has faced intensifying competition and price erosion in the modem market since inheriting the division in the breakup of its joint venture with chip maker STMicroelectronics in August 2013…
Ericsson said on Thursday it will shut down its modem business and plough the resulting cost savings into radio network R&D.
The Swedish kit provider said it has faced intensifying competition and price erosion in the modem market since inheriting the division in the breakup of its joint venture with chip maker STMicroelectronics in August 2013…
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