AI-powered platform drives better management of voice connectivity and deeper, smarter voice engagement HOLMDEL, N.J., July 25, 2024 /PRNewswire/ -- Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ: ERIC), has announced the launch of intelligent SIP capabilities for SIP Trunking customers. With just a few clicks, developers and enterprises can easily deploy elastic SIP trunks globally, and access rich, AI-powered voice ...

Financial Data and Key Metrics Changes - Organic sales declined by 7% in Q2 2024, primarily driven by networks, although North America saw a selective increase in investments from larger customers [3][18] - Gross margin for the group was reported at 43.9%, supported by strategic actions and a new 5G licensing agreement [16][21] - Adjusted EBITA increased to SEK4.1 billion with a margin of 6.8% despite lower sales [22] - Free cash flow was SEK7.6 billion before M&A, showing significant improvement due to favorable changes in working capital [23] Business Line Data and Key Metrics Changes - In the Networks segment, organic sales were down by 11% year-on-year, with a notable decline in India following last year's rapid 5G rollout [112] - The Cloud Software and Services segment saw stable organic sales year-on-year, with an adjusted gross margin of 47.2% [106] - The Enterprise segment experienced stable sales overall, with increased demand for private cellular network solutions [115] Market Data and Key Metrics Changes - Sales in Southeast Asia, Oceania, and India decreased by 44%, attributed to the normalization of the market after last year's 5G rollout [10] - In Europe and Latin America, sales decreased by 3%, with increased competition from Chinese vendors noted [19] - North America returned to growth for the first time since 2022, with sales up 20% [18][112] Company Strategy and Development Direction - The company aims to strengthen its leadership in mobile networks while expanding into enterprise solutions and pursuing cultural transformation [107][108] - The focus remains on leveraging technology leadership and creating new monetization models through network APIs [27][119] - The strategic rationale for the Vonage acquisition is to create new ways to monetize network capabilities despite recent impairment charges [8][172] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging market environment but emphasized the underlying strength of the business and competitive portfolio [26] - Future growth is expected to be supported by North America, although overall market conditions remain cautious [24][139] - The need for new revenue streams beyond mobile broadband subscriptions is critical for long-term industry growth [119] Other Important Information - The company recorded an impairment related to Vonage, reflecting lower anticipated market growth rates [8] - Adjusted gross margin in the Enterprise segment increased to 51.1%, although EBITA was a loss of SEK1.2 billion due to higher operating expenses [116] Q&A Session Summary Question: What is the outlook for North America and other regions? - Management noted that North America is seeing selective investments, but visibility into sustainability beyond AT&T is limited [38][39] Question: How does the company view competition from Chinese vendors? - Management confirmed increased competition from Chinese vendors in Europe and Latin America, but emphasized the importance of maintaining gross margins [19][152] Question: What is the timeline for achieving profitable growth in the Vonage business? - Management stated it is too early to provide a specific timeline for profitable growth in the Vonage business [84] Question: How does the company plan to manage costs amid declining sales? - Management highlighted ongoing cost reduction actions and the need to balance investments in R&D with maintaining gross margins [22][166] Question: What are the drivers for the expected gross margin improvement in Q3? - Management indicated that cost-out activities and a favorable geographical mix are expected to support gross margin improvement [60][139]

STOCKHOLM, July 12, 2024 /PRNewswire/ -- Financial highlights – strong gross margin expansion, partly offset by targeted R&D investments Vonage remains foundational to build out a global platform for network APIs. This is critical for the digitalization of enterprises and society, and will drive future growth in the telecoms industry. We recorded an impairment charge in Q2, as market growth in the current business has slowed, and we must now refocus on improving performance. | --- | --- | --- | --- | --- | ...

Ericsson (ERIC) recently announced that Vodafone has opted to deploy Ericsson's Interleaved AIR 3218 antenna solution to expand 5G coverage in Germany. With the first antenna system already deployed at a multistory car park in Dusseldorf, ERIC aims to install more than 500 systems across the country by the end of 2026. Antennas mounted on rooftops are exposed to wind forces which put pressure on their surfaces. As more mobile phone antennas are installed, the increased number will amplify the wind load and ...

The Interference Sensing technology can dynamically detect and mitigate inter-cell interference in real-time. Ericsson's solution can significantly enhance network capacity by maximizing signal energy for users in the serving cell while avoiding interference for users in adjacent cells. With the advanced functionalities, an average increase in user throughput of around 22% was observed across multiple users and cells in a commercial network deployment. Against the backdrop of the growing 5G traffic load amo ...

STOCKHOLM, July 2, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announces the appointment of Patrick Johansson as its new Head of Market Area Middle East & Africa (MMEA) and Senior Vice President. Mr. Johansson who is currently Head of Business Control & Operations at Ericsson's Business Area Cloud Software & Services, will replace Fadi Pharaon whose decision to leave Ericsson was announced in May 2024. Mr. Johansson will take up his new position on August 1, 2024, and be based in Riyadh, Saudi Arabia ...

Core Insights - Ericsson has appointed Patrick Johansson as the new Head of Market Area Middle East & Africa (MMEA) and Senior Vice President, effective August 1, 2024 [5] - Johansson will replace Fadi Pharaon, who announced his departure from Ericsson in May 2024 [5] - Börje Ekholm, President and CEO of Ericsson, expressed confidence in Johansson's understanding of technology and business strategy, which are vital for maintaining Ericsson's industry leadership [1] Company Overview - Ericsson has been a pioneer in communication technology for nearly 150 years, providing mobile communication and connectivity solutions for service providers and enterprises [3] - The company aims to create a digital world of tomorrow in collaboration with customers and partners [3] Patrick Johansson's Background - Johansson has been with Ericsson since 1997 and has held various roles across multiple Business Areas and Market Areas, including positions in Sweden, Korea, India, Austria, China, and Vietnam [2] - His previous roles include Global Head of Sales & Commercial Management for Business Area Networks and Head of Customer Unit Korea, along with several executive finance and business positions [2] Future Outlook - Johansson expressed enthusiasm for his new role, highlighting Ericsson's leadership in technology trends and the importance of networks in digitalization for businesses and societies [4] - He looks forward to engaging with customers and partners in the Middle East and Africa to create outstanding customer value [4]

While the 6G race is well underway, some curious investors may wonder when and how 6G technology will come. Many analysts predict the technology will begin testing between 2025 and 2028, with the first commercial applications arriving around 2030. Yet, 6G is more than just a faster telecommunications network. The introduction of 6G could result in significantly increased network capacity and functional range. That means the best 6G stocks to buy are those actively investing in taking advantage of this new s ...

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HOLMDEL, N.J., June 27, 2024 /PRNewswire/ -- Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ:ERIC), has again been recognized as a Leader in the Gartner Magic Quadrant for Communications Platform as a Service (CPaaS) for Ability to Execute and Completeness of Vision. "Vonage enables developers and enterprises to program communications functions like video, voice, messaging and verification into their existing products, ...