ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

ERIC Ericsson

5.20
0.05 (0.97%)
03 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Ericsson NASDAQ:ERIC NASDAQ Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.05 0.97% 5.20 5.20 5.25 5.27 5.20 5.23 13,615,812 21:50:30

Ericsson and Cisco to Overhaul Network of Vodafone Hutchison Australia

17/01/2017 4:30am

Dow Jones News


Ericsson (NASDAQ:ERIC)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more Ericsson Charts.
By Matthias Verbergt 

Ericsson AB and Cisco Systems Inc. said Monday that they would overhaul the telecommunications network of Vodafone Hutchison Australia, which they described as their largest deal since the two networking companies announced a partnership.

The five-year deal, whose valuation wasn't disclosed, is a sign that Ericsson's and Cisco's alliance is starting to bear fruit more than a year after its creation, analysts say.

Ericsson and Cisco will upgrade the Australian service provider's infrastructure by harmonizing hardware and software components and integrating mobile and fixed networking equipment to prepare it for next-generation applications such as virtual reality, autonomous driving and ultra-high-definition video.

Ericsson, a specialist in mobile equipment, said in November 2015 that it would forge a partnership with Cisco, which dominates the market for fixed internet gear such as routers and switches, to counter mounting competition from Nordic rival Nokia Corp. and China's Huawei Technologies Co.

Ericsson said its partnership with Cisco has closed more than 60 deals. Earlier this month, the two companies extended their partnership to include Wi-Fi solutions.

Write to Matthias Verbergt at Matthias.Verbergt@wsj.com

 

(END) Dow Jones Newswires

January 16, 2017 23:15 ET (04:15 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

1 Year Ericsson Chart

1 Year Ericsson Chart

1 Month Ericsson Chart

1 Month Ericsson Chart

Your Recent History

Delayed Upgrade Clock