Edition:
India

Helena Soderpalm

Ericsson to buy networking specialist Cradlepoint in $1.1 billion 5G deal

18 Sep 2020

STOCKHOLM Ericsson has agreed to buy U.S.-based wireless networking company Cradlepoint in a $1.1 billion deal, the Swedish telecoms gear maker said on Friday, as part of plans to expand its 5G-related products for business customers.

Auto tech firm Veoneer teams up with Qualcomm on driver software

27 Aug 2020

STOCKHOLM Veoneer will cooperate with Qualcomm Technologies on developing a software and chip platform for driver-assistance systems, the auto technology firm said on Thursday, sending its shares sharply higher.

Klarna gets sales boost from U.S. as pandemic sends shoppers online

27 Aug 2020

Swedish online lender Klarna saw the value of transactions carried out via its payment platform grow by 44% in the first half of the year as customers spent more online during the COVID-19 pandemic, its chief executive said.

UPDATE 1-Klarna gets sales boost from U.S. as pandemic sends shoppers online

27 Aug 2020

Aug 27 Swedish online lender Klarna saw the value of transactions carried out via its payment platform grow by 44% in the first half of the year as customers spent more online during the COVID-19 pandemic, its chief executive said.

Klarna gets sales boost from U.S. as pandemic sends shoppers online

27 Aug 2020

Aug 27 Swedish online lender Klarna saw the value of transactions carried out via its payment platform grow by 44% in the first half of the year as customers spent more online during the COVID-19 pandemic, its chief executive said.

Rise in 5G sales buoys Ericsson's quarterly profit

17 Jul 2020

STOCKHOLM A rise in 5G network sales and software revenue helped Ericsson report higher-than-expected quarterly core earnings on Friday, when it said it was sticking to its financial targets for 2020 and 2022.

Sweden's health agency says open schools did not spur pandemic spread among children

15 Jul 2020

STOCKHOLM Sweden's decision to keep schools open during the pandemic resulted in no higher rate of infection among its schoolchildren than in neighbouring Finland, where schools did temporarily close, their public health agencies said in a joint report.

UPDATE 2-Telia exits Turkish markets with $530 mln sale of Turkcell stake

18 Jun 2020

ISTANBUL/STOCKHOLM, June 18 Swedish telecom company Telia on Thursday agreed to sell its stake in mobile operator Turkcell Iletisim to the Turkey Wealth Fund for $530 million, marking its exit from the region.

Ericsson flags losses from China 5G contracts, takes 1 billion SEK charge

08 Jun 2020

STOCKHOLM Ericsson expects to take a second-quarter writedown of about 1 billion crowns ($109 million) on product inventory in China, the Swedish telecoms gear maker said on Monday.

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