Saturday, 18 August 2018

Ericsson restructures as Q1 sales dip

By Nick Wood, Total Telecom
Thursday 21 April 16

Swedish kit maker reorganises into six major divisions, makes sweeping changes to leadership team.

Ericsson on Thursday announced a major restructuring in a bid to inject new growth into the company and to help it compete more effectively against Huawei and a reinvigorated Nokia. "We are not satisfied with our overall growth and profitability development over past years," said Ericsson CEO Hans Vestberg, in a statement. "We are today announcing further actions to accelerate strategy execution and to drive efficiency and growth across the company even harder." The Swedish kit maker has created five new business units, two of which comprise its network products and services respectively, and another two that comprise its IT and cloud products and services respectively…

Ericsson on Thursday announced a major restructuring in a bid to inject new growth into the company and to help it compete more effectively against Huawei and a reinvigorated Nokia. "We are not satisfied with our overall growth and profitability development over past years," said Ericsson CEO Hans Vestberg, in a statement. "We are today announcing further actions to accelerate strategy execution and to drive efficiency and growth across the company even harder." The Swedish kit maker has created five new business units, two of which comprise its network products and services respectively, and another two that comprise its IT and cloud products and services respectively…

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