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Ericsson says Ciena deal will boost IP networks presence

STOCKHOLM (Reuters) - Ericsson's agreement on Friday with Ciena for the development of joint transport solutions for IP-optical convergence will help Ericsson to reach its goal of becoming the No. 3 player within the IP networks market, an Ericsson spokesperson told Reuters. Ericsson, the No. 1 global supplier of mobile network gear, is smaller than the likes of Cisco, Juniper and Alcatel-Lucent within IP-networks.

Ericsson shares rise as company swings to profit in Q4; sales are flat

STOCKHOLM - Wireless equipment maker Ericsson swung to a profit in the fourth quarter, reporting flat sales but higher margins. The Swedish company on Thursday posted a net profit of 6.41 billion kronor ($1 billion) compared with a loss of 6.46 billion kronor in the same period last year, when it took an 8-billion-kronor one-time charge related to a joint venture. Quarterly sales were 67 billion kronor, only marginally higher than last year. Ericsson's share price rose more than 3 per cent to 79.95 kronor ($12.41) in afternoon trading in Stockholm.

Ericsson returns to profits in 2013 amid stagnant sales

Swedish telecom equipment maker Ericsson said Thursday it doubled profits in 2013 despite sluggish sales and a weak fourth quarter. The group's net profit rose by 108 percent to 12 billion kronor (1.36 billion euros, $1.84 billion) thanks to a reorientation towards more profitable projects. "Our focus on profitability started to pay off and operating margin for the group gradually improved in 2013, despite significant currency headwind, driven primarily by improvements in Networks and Network Rollout," the group's chief executive Hans Vestberg said in a statement.

Samsung to pay Ericsson $650 million plus royalties to end patent spat

By Simon Johnson STOCKHOLM (Reuters) - Samsung Electronics Co will pay Ericsson $650 million along with years of royalties to end a technology license spat, the Swedish company said on Monday. The world's No. 1 mobile network equipment maker sued Samsung in 2012 on the grounds that the Korean firm had infringed patents involving technology for clearer voice transmission, touchscreen functions and network efficiency.

Samsung to pay Ericsson $650 million plus royalties to end patent spat

By Simon Johnson STOCKHOLM (Reuters) - Samsung Electronics Co will pay Ericsson $650 million along with years of royalties to end a technology license spat, the Swedish company said on Monday. The world's No. 1 mobile network equipment maker sued Samsung in 2012 on the grounds that the Korean firm had infringed patents involving technology for clearer voice transmission, touchscreen functions and network efficiency.

Ericsson and Samsung sign deal settling patent dispute

Swedish telecom equipment maker Ericsson said on Monday it had signed a deal with South Korean electronics giant Samsung settling a global patent dispute. Ericsson said in a statement that the agreement included an initial payment which would boost the company's fourth-quarter profit and revenue by 3.3 billion kronor (375 million euros, $511 million) and 4.2 billion kronor respectively. "Ericsson and Samsung have reached an agreement on global patent licenses between the two companies," the Swedish company said.

Ericsson settles patent dispute with Samsung, receives $651 million payment

STOCKHOLM - Swedish wireless equipment company LM Ericsson AB says it has settled a legal dispute with Samsung Electronics Co. about global patent licenses. Ericsson said Monday the settlement means it will receive a one-off sum and ongoing royalty payments from the South Korean company that will boosts its sales in the fourth quarter 2013 by 4.2 billion Swedish kronor ($651 million). It said the positive effect on its fourth-quarter net income will be 3.3 billion kronor.

Ericsson turnaround hopes hit by weaker U.S., Japanese demand

By Sven Nordenstam and Simon Johnson STOCKHOLM (Reuters) - Ericsson's turnaround drive was thrown into doubt on Thursday as the world's biggest mobile networks maker missed third-quarter profit forecasts and said sales were coming under pressure in the United States and Japan. Shares in the Swedish group dropped 7 percent, the biggest fall by a European blue-chip stock, and dragged down rivals Nokia and Alcatel-Lucent.

Ericsson profit miss sours hopes of quick turnaround

By Simon Johnson STOCKHOLM (Reuters) - World No. 1 mobile network gear maker Ericsson posted second quarter operating profit well below expectations on Thursday, bruising hopes of a quick recovery at its core network unit. In a quarter hit by a large one-off charge, sales and margins at Ericsson's networks unit were well below expectations, underlining competition from Chinese equipment vendors like Huawei as well as global economic gloom and currency headwinds.

Ericsson quarterly profit falls amid restructuring

Swedish telecom equipment maker Ericsson on Wednesday posted a drop in first quarter profit, weighed down by restructuring costs. Net profit fell 86.5 percent to 1.205 billion kronor (139.5 million euros or $182.6 million) from 8.95 billion kronor in the same period last year, when the company recorded a 7.7 billion kronor gain on the sale of its stake in mobile phone venture Sony Ericsson. The company also took a 1.4 billion kronor hit from restructuring its Swedish operations.
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