Ericsson Revenue's Fall 14% Amid Weak Broadband Demand
Ericsson
Stockholm - QNA
Swedish mobile networks company Ericsson said Wednesday that it forecasts significantly lower earnings for a considerable time into the future.
The company's revenue fell 14% in the third quarter of 2016, compared to the same period of last year. The decline was mainly due to lower demand on broadband networks, AP reported. CEO Jan Frykhammar said that weaker demand is likely to persist in the short-term.
On the company's plans, Frykhammar said they would continue reducing their cost of sales. Last week, Ericsson announced 3,000 job cuts in Sweden, equivalent to 20% of its local workforce. It plans to downsize operations by $1 billion in 2017.
GMT 11:55 2018 Thursday ,18 January
Ericsson to write down 1.4 billion euros in fourth quarterGMT 15:03 2018 Wednesday ,17 January
Ericsson to write down 1.4 billion euros in fourth quarterGMT 11:57 2016 Wednesday ,12 October
Ericsson shares plunge over third-quarter warning
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:31 2014 Tuesday ,23 December
Mirages of failure: Lebanon cannot wait
GMT 10:08 2018 Wednesday ,24 January
Microsoft to open 4 data centres
GMT 05:09 2024 Tuesday ,06 February
The Saudi-led Arab Coalition Forces have targeted a meeting of Houthi commanders in Beit Al Faqih, Hodeidah, killing scores of the
GMT 05:04 2024 Tuesday ,06 February
Skincare PR Performance Full Year 2017
GMT 12:07 2018 Tuesday ,23 January
Syria Kurds urge civilians to take up arms against Turk assault
GMT 05:38 2017 Friday ,22 December
Two die in Iran quake panic
GMT 01:23 2016 Wednesday ,18 May
Stuttgart sack sporting director Dutt, Luhukay appointed as new coach
GMT 23:39 2017 Friday ,23 June
Unknown people threw Molotov
GMT 13:42 2017 Friday ,10 March
OPCW condemns chemical weapons use in fatal incident in Malaysia
GMT 19:42 2016 Monday ,08 August
Sherine: Nancy not 1st choice for The Voice Kids Arabia
GMT 08:02 2016 Friday ,22 April
Spain marks death of intriguing 'Quixote' author Cervantes
GMT 09:18 2017 Tuesday ,18 July
Total train tech: Hyperloop One closer to near-supersonic rail
GMT 02:07 2016 Friday ,17 June
Jani and Porsche stay on pole in Le Mans rain
GMT 06:15 2018 Monday ,08 January
France marks three years since Charlie Hebdo attack
GMT 12:56 2017 Friday ,22 December
Lakers overcome Harden’s 51 to end Rockets’ streakis
GMT 23:25 2017 Sunday ,05 March
Chinese warns world entering period of political upheaval
GMT 07:19 2017 Thursday ,21 December
Erdogan rebukes UAE minister over tweet
GMT 20:38 2017 Saturday ,09 September
Netanyahu's wife faces possible graft trial
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor