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 10:54 2017 Tuesday ,18 July
Ericsson steps up restructuring on new quarterly lossGMT 14:50 2017 Saturday ,01 April
Ooredoo Signs Network Transformation Agreement with EricssonGMT 11:57 2016 Wednesday ,12 October
Ericsson shares plunge over third-quarter warning
In The Swiss Alps
Five things to know about Davos
Davos - Muslimchronicle
With the World Economic Forum kicking off in earnest on Tuesday, AFP presents a guide to the week-long event in the Swiss Alps. - WHAT IS ‘DAVOS‘? - Davos is shorthand forfighting hate speech
Instagram, Google+ join EU group
Brussels - Muslimchronicle
Facebook's Instagram and the Google+ social network have agreed to join an EU-sponsored group of US internet giants to combat online extremism, EU officials said Friday. EU officials added that
At Sports Court
Russians challenge doping ban
Geneva - Muslimchronicle
Dozens of Russian athletes banned by the International Olympic Committee for life over doping began an appeal against their suspension on Monday at the world's top sports court. The week-long hearing at the Court of Arbitration for Sport (CAS) includesIn New Aid For War-Torn Yemen
Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
The Saudi-led coalition fighting in Yemen has pledged $1.5bn (£1.1bn) in new humanitarian aid for the country. It will also increase the capacities of Yemeni ports to receive aid and cargo shipments, and set up 17 "safe-passage corridors" for humanitarian groups. ThreeParis show pays homage
To 'eternal style' of late Alaia
Paris - Muslimchronicle
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" opened 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 his
GMT 11:06 2017 Saturday ,22 April
Cases of Hepatitis B and C Hit 325m
GMT 11:42 2017 Monday ,10 April
Garcia takes golf major title at last with Masters win
GMT 09:49 2017 Saturday ,16 September
Kazem Al Saher reveals his granddaughter’s gift
GMT 12:08 2017 Monday ,10 July
World's 'oldest' hippo dies at Philippine zoo
GMT 14:08 2017 Friday ,08 September
Haftar will not attend African Union exceptional summit
GMT 18:55 2017 Friday ,21 April
Ministry of Energy unveils logo of World Energy Congress 2019
GMT 10:03 2017 Wednesday ,21 June
European stocks climb on coat-tails of Wall Street
GMT 15:49 2017 Tuesday ,31 October
BP profits rise as oil prices recover
GMT 09:32 2017 Sunday ,05 November
Nicole Scherzinger unveils debut fragrance Chosen
GMT 13:50 2015 Friday ,30 October
2 British vessels rescue over 540 migrants
GMT 19:41 2017 Sunday ,17 December
Libya’s Haftar announces end of Skhirat Agreement
GMT 08:59 2017 Tuesday ,15 August
Uber board spat over ex-chief Kalanick goes public
GMT 12:15 2017 Friday ,03 November
Roaming male mammoths often fell
GMT 00:38 2017 Monday ,09 October
Royal praise of Bahraini women's advancement lauded
GMT 19:13 2017 Monday ,24 April
Hitman files case against Duterte at ICC over 'crimes against humanity'
GMT 13:36 2017 Sunday ,13 August
Mueller seeks interview with ex-White House top aide
GMT 10:54 2017 Wednesday ,06 September
Spain hit Liechtenstein for eight again
GMT 14:34 2017 Tuesday ,05 December
Jordan sentences Syrian to hang over border bombing
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 ©
