Telecom equipment maker Ericsson said on Monday it had struck a deal to buy Microsoft Corp's Mediaroom IPTV business, which makes software used by phone companies to deliver television over the Internet.
Ericsson (Stockholm, Sweden) said in a statement the deal would make the company, the world's biggest mobile networks maker, the leading provider of IPTV.
Chinese equipment maker Huawei expects its revenues to grow at a compound annual rate of 10% over the next five years, despite the current slowdown in the equipment market and its difficulties in the US.
Huawei (Shenzhen, China) provided the forecast after reporting that net profit for 2012 was 32% higher than for 2011, at RMB15.4 billion ($2.48 billion), with revenues up 9%, to RMB220.2 billion.
“In 2012, Huawei met business performance expectations through improved operational efficiency,” said Guo Ping, Huawei’s rotating and acting chief executive.
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A slowdown in network equipment and device markets has taken its toll on China’s ZTE, which has reported a net loss of RMB2.84 billion ($457 million) for 2012, compared with a net profit of RMB2.06 billion the year before.
China’s second-biggest network equipment maker, behind Huawei (Shenzhen, China), ZTE (Shenzhen, China) also reported a 2.36% decline in revenues, to RMB84.22 billion.
In a statement accompanying the figures, ZTE pointed to the slowdown in equipment investments by the global telecoms industry in 2012.
Swedish equipment vendor Ericsson says it has completed its planned reduction of operations in Sweden, slashing 1,399 positions and laying off 919 employees.
The costs of the exercise are expected to run to approximately SEK1.5 billion ($231 million), which will have an impact on the company’s next set of quarterly results.
Ericsson says the redundancies affected all sites in Sweden apart from Falun, Hudiksvall, Kalmar and Katrineholm.
But Ericsson’s premises in Stockholm bore the brunt of the cutbacks, losing 569 employees.
Swedish telecoms equipment maker Ericsson said on Tuesday it had sued Indian handset maker Micromax and its distributor for infringement of wireless patent rights.
Ericsson (Stockholm, Sweden) was confirming an earlier report in the Economic Times of India that it had sued after Micromax (Gurgaon, India) refused to sign license agreements for several wireless technologies.
"It is once again about FRAND (fair, reasonable and non-discriminatory terms)," Ericsson spokeswoman Karin Hallstan said. She declined to comment further.
China's ZTE Corp, which helped bring the telephone to millions of homes during the Deng Xiaoping era, is counting on a new generation of tech-savvy smartphone users to drive at least $7.5 billion of 4G network projects and elevate its sagging fortunes.