Cervenka, Andreas
March 2005
Fortune International (Europe);3/7/2005, Vol. 151 Issue 4, p16
The article focuses on Ericsson, the Swedish telecommunications-equipment maker. Ericsson's performance last year, under the leadership of CEO Carl-Henric Svanberg, marks a dramatic return to life for the 129-year-old company. Ericsson fell off a cliff in 2001 when telecom operators, burdened by debt from 3G licenses, stopped buying the company's network equipment. Svanberg's first move after taking control was to accelerate the cost cutting that his predecessor began. Overall, Ericsson reduced its workforce and costs were slashed. Svanberg also put a lot of effort into changing Ericsson's culture, replacing most of top management. To boost growth and counterbalance industry volatility, Svanberg wants to transform Ericsson from a seller of hardware to a more service-oriented company. Equally important is staying on top of the technology curve. With 3G rolling out, Ericsson is already planning for the next generation, called Super 3G. The first taste is the introduction of an upgraded 3G technology known as HSDPA, which will be launched by Cingular at the end of 2005.


Related Articles

  • Sluggish sales weigh on Ericsson. Carson, Phil // RCR Wireless News;10/22/2007, Vol. 26 Issue 40, p23 

    The article reports on the effect of sluggish sales on Ericsson. The company warned that third-quarter sales would total about $6.8 billion, with operating profit of $875 million. Company Chief Executive Officer Carl-Henric Svanberg stated that the company underestimated the market dynamics,...

  • Ericsson drops on Marconi acquisition.  // RCR Wireless News;7/24/2006, Vol. 25 Issue 30, p8 

    The article reports that shares of L.M. Ericsson dipped after the infrastructure provider posted a decline in second-quarter net profit due to its acquisition of Marconi Corp. Ericsson said profits suffered a hit of $55 million due to an amortization charge related to Great Britain-based...

  • Managed network trend catching on. O'Shea, Dan // Telephony;2/6/2006, Vol. 247 Issue 2, p14 

    The article reports on the leadership of Ericsson in the managed services for mobile wireless networks in the U.S. Carl-Henric Svanberg, the company's chief executive officer, has bragged the impressive sales growth from its global services unit during fourth-quarter earning's disclosure. The...

  • By the Numbers.  // Wireless Week;2/15/2005, Vol. 11 Issue 4, p29 

    Presents statistics related to wireless communication systems in the U.S., in 2004. Tally of wireless subscribers; Minimum revenue Qualcomm expects to reap in fiscal 2005; Percentage of people who use cellular services during international travel; Interest of young adults in the Motorola RAZR...

  • This is the year. Wendelken, Sandra // RCR Wireless News;8/16/2004, Vol. 23 Issue 33, p10 

    Views 2004 as the year of wireless data in the U.S. Growth in revenue reported by several wireless telephone service providers; Services offered by the wireless telephone service industry; Use of wireless technology as a marketing medium.

  • ANTIGUA & BARBUDA.  // Caribbean Update;Mar2008, Vol. 24 Issue 2, p3 

    The article reports that the Turnkey Solution Converged Billing solution as been deployed by the Antigua Public Utilities Authority PCS in Antigua & Barbuda. The solution was developed by the Toronto, Ontario-based infrastructure provider Redknee Solutions Inc. According to Redknee Chief...

  • The Managed Services Era Begins. O'Shea, Dan // Telephony;11/28/2005, Vol. 246 Issue 23, p26 

    The article presents information related to Ericsson Inc. The company has managed many services contracts through its Ericsson Global Services business unit. hosting specific applications. The Global Services unit operates the Internet Payment Exchange to more than 220 mobile content providers....

  • Killing some time with a handheld. Jones, Mark // InfoWorld;3/31/2003, Vol. 25 Issue 13, p8 

    Comments on the problems of cellular telephone services. Worldwide number of cellular telephone subscribers in 2002 according to the Cellular Telecommunications & Internet Association; Challenges to be encountered by cellular telephone carriers on the shift of emphasis to high-speed wireless...

  • Ericsson Touts Triple Play. Marek, Sue // Wireless Week;12/1/2004, Vol. 10 Issue 24, p14 

    Focuses on the convergence in the telecommunication industry analyzed by executives of mobile phone provider Ericsson of Sweden. Reason for the leadership of the U.S. in convergence according to president and CEO Carl-Henric Svanberg; Implication of consolidation in the industry; Percentage of...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics