Ericsson (ERIC) has inked an agreement with Viettel for an undisclosed amount to help create a robust digital infrastructure in Vietnam and provide superior 5G connectivity across the country. The deal strengthens the long-term business relationship between Ericsson and the state-owned telecommunications conglomerate and paves the way for developing an innovative 5G ecosystem in the Southeast Asian nation. Here's What the ERIC-Viettel Deal Brings to the Table Per the deal, the two firms will work in unison ...

Ericsson (ERIC) recently announced that it has collaborated with Telenor Microfinance Bank ("TMB") to upgrade the digital financial capabilities of easypaisa. Based in Pakistan, easypaisa is a subsidiary of TMB and one of the prominent digital service providers in the country, serving millions of users every day. Digital banking services are growing in prominence across industries, owing to several advantages offered compared with legacy banking system. 24/7 accessibility and remarkable flexibility enable u ...

Core Insights - Ericsson's stock has increased by approximately 26% year-to-date, outperforming broader indices [1] - The company reported Q2 results with a 7% year-over-year revenue decline to SEK 59.8 billion ($64.4 billion), but exceeded expectations due to a 5G licensing deal [1] - Net income for Q2 was SEK -11 billion, impacted by a SEK -11.4 billion impairment [1] - North America sales grew by 15% year-over-year, while sales in South East Asia, Oceania, and India fell 44% year-over-year in Q1 [1] - Adjusted gross margins improved to 43.9% from 38.3% year-over-year, driven by higher sales from the U.S. market [1] - Future revenue growth is projected to be low single digits, with modest operating leverage potential [1] - The company's revenue forecast for fiscal year 2024 is $23.5 billion, down 6% year-over-year, with a revised valuation of $7 per share [3] Financial Performance - Q2 EPS was SEK -3.34 compared to -$0.21 in the same quarter last year [1] - The stock has underperformed the broader market in the last three years, with returns of -7% in 2021, -44% in 2022, and 13% in 2023 [2] - Current stock valuation appears expensive, with a 10% discount from the market price based on projected EPS of $0.53 and a P/E multiple of 13.2x for fiscal year 2024 [3] Market Context - The company faces uncertain macroeconomic conditions, including potential rate cuts and geopolitical tensions, which may impact performance [3] - There is a lack of fundamental shifts toward new deployments, indicating a sluggish long-term growth trajectory unless strategic initiatives gain momentum [1]

Ericsson (ERIC) recently announced that it formed a partnership with INFORM, a prominent provider of AntiMoney Laundering (AML) and Fraud Management Solutions. The collaboration will work to bolster the security posture of financial services. ERIC offers a robust and simple digital wallet and payment service named Ericsson Wallet Platform that combines mobile communications and financial services capabilities. The platform has 114 million active users across 24 countries. Every month, it processes around 3 ...

Singtel, a leading telecom operator in Singapore, recently announced that it has become the first company in the world to commercially deploy Ericsson's (ERIC) newly launched Automated Radio Resource Partitioning (ARRP) solution. Unlike traditional network slicing methods that require customers to specify their network needs in advance, this cutting-edge software solution intelligently allocates network resources to meet varying workloads of enterprises and consumer applications. This flexibility aims to el ...

49% of Businesses Show Poor Collaboration Experiences Negatively Impacted Customer Experience Business leaders share insight into what they need to better communicate and collaborate internally and externally HOLMDEL, N.J., Sept. 24, 2024 /PRNewswire/ -- In a study conducted by Forrester Consulting on behalf of Vonage, new insights have emerged demonstrating the significant effects of inadequate internal collaboration on organizational performance. The data reveals that businesses plagued by siloed departme ...

Group 1 - Carolina Dybeck Happe has resigned from Ericsson's Board of Directors after serving since 2022 [1] - The resignation follows her appointment as Executive Vice President and Chief Operations Officer at Microsoft on September 12, 2024 [1] - Jan Carlson, Chair of the Board, expressed gratitude for Dybeck Happe's contributions and wished her success in her new role [2] - Börje Ekholm, President and CEO of Ericsson, acknowledged Dybeck Happe's value as a Board member and looked forward to continued collaboration with her at Microsoft [2]

Group 1 - Vonage has joined Salesforce's Bring Your Own Channel for Contact Center as a Service pilot program, allowing integration of its omnichannel and AI-powered features into existing contact center solutions [1][6] - The integration is expected to enhance communication across various channels, including voice, chat, and social messaging platforms, improving resolution times and creating a more personalized customer experience [2][6] - Vonage's Communications APIs will enable pre-built programmable capabilities within the contact center, consolidating functionalities on one platform and improving efficiency by reducing application switching for agents [3][6] Group 2 - The collaboration aims to optimize workforce management in contact centers through integration with Workforce Engagement Management solutions from industry leaders [4] - This partnership positions Vonage as a leading contact center provider in the Salesforce pilot program, likely generating higher revenues for Ericsson and improving its financial performance [7] - Ericsson's Enterprise segment has seen solid revenue growth in 2023, driven by the acquisition of Vonage, aligning with the company's strategy to expand in the wireless equipment market [5][7] Group 3 - Ericsson's stock has underperformed, losing 42.8% over the past year compared to the industry's growth of 48.5% [8] - Currently, Ericsson holds a Zacks Rank of 4 (Sell), indicating a need for improved performance to regain investor confidence [9]

Vonage, a wholly owned subsidiary of Ericsson (ERIC) , recently introduced an advanced business messaging solution called Vonage Rich Communication Services (RCS). Businesses in more than 10 countries in North America, South America and the EMEA region can now readily access the technology. The integration of Vonage RCS into business applications through Vonage Messages API will facilitate customized conversations that improve client engagement across the entire customer journey. In today's fast-paced digit ...

Group 1 - Vonage, a subsidiary of Ericsson, has partnered with SAP to explore generative AI use cases by integrating Vonage's network API platform with SAP Business AI [1][3] - The collaboration will provide SAP with access to Vonage's network APIs, including Quality-on-Demand, Device Location, and Number Verification APIs, aimed at enhancing customer experiences and mitigating fraud risks [2][6] - This partnership is expected to elevate user experiences and support sustainability through advanced technologies, enhanced data visualization, and augmented reality training [3][6] Group 2 - Ericsson's strategy focuses on becoming a leading mobile infrastructure provider and expanding its enterprise business, with solid revenue growth in its Enterprise segment attributed to the acquisition of Vonage [5][6] - The collaboration between Vonage and SAP is a strategic move to meet rising customer demands for enhanced experiences, leveraging Ericsson's mobile network leadership to extend Vonage's CPaaS platform [6] - Ericsson's stock has performed well, gaining 43.4% over the past year, outperforming the industry growth of 38.3% [7]