Sunday, February 5, 2023
198 Indonesia News
No Result
View All Result
  • Home
  • VIDEO NEWS
  • BUSINESS NEWS
  • FEATURED NEWS
    • INDONESIA USA TRADE NEWS
    • INDONESIA UK NEWS
    • INDONESIA NIGERIA NEWS
    • INDONESIA EU NEWS
    • INDONESIA AFRICA NEWS
    • INDONESIA RUSSIA NEWS
    • INDONESIA GULF NATIONS NEWS
    • INDONESIA INDIA NEWS
  • POLITICAL NEWS
  • MORE NEWS
    • TECHNOLOGY NEWS
    • IMMIGRATION
    • INDONESIA EDUCATION NEWS
    • INDONESIA VENTURE CAPITAL NEWS
    • INDONESIA JOINT VENTURE NEWS
    • INDONESIA MANUFACTURERS
    • INDONESIA BUSINESS HELP
    • INDONESIA UNIVERSITIES
    • 198INDONESIA MEDIA TRAINING
    • 198 TILG INDONESIA CEO NETWORKS
  • ASK IKE LEMUWA
  • REGISTER NGO
  • CONTACT US
  • Home
  • VIDEO NEWS
  • BUSINESS NEWS
  • FEATURED NEWS
    • INDONESIA USA TRADE NEWS
    • INDONESIA UK NEWS
    • INDONESIA NIGERIA NEWS
    • INDONESIA EU NEWS
    • INDONESIA AFRICA NEWS
    • INDONESIA RUSSIA NEWS
    • INDONESIA GULF NATIONS NEWS
    • INDONESIA INDIA NEWS
  • POLITICAL NEWS
  • MORE NEWS
    • TECHNOLOGY NEWS
    • IMMIGRATION
    • INDONESIA EDUCATION NEWS
    • INDONESIA VENTURE CAPITAL NEWS
    • INDONESIA JOINT VENTURE NEWS
    • INDONESIA MANUFACTURERS
    • INDONESIA BUSINESS HELP
    • INDONESIA UNIVERSITIES
    • 198INDONESIA MEDIA TRAINING
    • 198 TILG INDONESIA CEO NETWORKS
  • ASK IKE LEMUWA
  • REGISTER NGO
  • CONTACT US
No Result
View All Result
198 Indonesia News
No Result
View All Result
Home BUSINESS NEWS FROM AROUND THE WORLD

Ericsson CEO to double down on China as 5G tussle rumbles on

by 198indonesianews_v2w0tn
September 3, 2021
in BUSINESS NEWS FROM AROUND THE WORLD
0
Share on FacebookShare on Twitter

[ad_1]

Breadcrumb Path Hyperlinks

  1. PMN Know-how
  2. PMN Enterprise

Creator of the article:

Reuters

Supantha Mukherjee

Publishing date:

Sep 03, 2021  •  18 minutes in the past  •  2 minute learn  •  Be a part of the dialog

Article content material

STOCKHOLM — Ericsson’s prime govt vowed to double down on efforts to regain market share misplaced in China after Sweden blocked Chinese language suppliers from its 5G roll-out, a transfer that antagonized Beijing and has hit the gear maker’s enterprise.

China accounted for about 10% of Ericsson’s income final 12 months, however that fell sharply after the corporate’s dwelling nation of Sweden banned https://www.reuters.com/article/sweden-huawei-int-idUSKBN2750WA Huawei from its 5G networks, citing safety dangers – a cost that Huawei has strongly denied https://www.reuters.com/article/sweden-5g-huawei-idUKKBN28H1L0.

Commercial

This commercial has not loaded but, however your article continues under.

Article content material

Ericsson was awarded https://www.reuters.com/article/ctech-us-china-5g-nokia-idCAKBN2EP17O-OCATC about 2% of China Cell’s 5G contract, down from 11% final 12 months, and received https://www.reuters.com/enterprise/media-telecom/ericsson-gets-5g-radio-contracts-china-nokia-disappoints-sources-2021-08-02 a 3% share in a joint 5G radio contract from China Telecom and China Unicom.

“We have now been in China for 120 years and I don’t intend to surrender simply,” Chief Govt Borje Ekholm stated in an interview with Reuters. “We’re going to present that we will add worth to China.”

Ericsson had lobbied the Swedish authorities in favor of Huawei, warning https://www.reuters.com/world/china/ericsson-quarterly-core-profit-misses-china-sales-fall-2021-07-16 of attainable retaliation by China, however the ban went by and has been upheld https://www.reuters.com/expertise/swedish-court-upholds-ban-huawei-selling-5g-network-gear-2021-06-22 in courtroom.

Commercial

This commercial has not loaded but, however your article continues under.

Article content material

“I don’t imagine now we have had any assist from the Swedish authorities to be sincere,” Ekholm stated.

Analysts have warned Ericsson, primarily based within the Swedish tech hub Kista north of Stockholm, might https://www.reuters.com/expertise/ericssons-china-ambitions-jeopardy-over-swedens-huawei-ban-2021-05-19 lose a majority of its China enterprise with contracts going to Nordic rival Nokia.

Whereas Finland’s Nokia, which didn’t get any radio contracts in China final 12 months, landed its first one within the second spherical of awards, Ericsson has been in a position to retain a slight edge to this point.

“If we had misplaced out fully then it will have put us at a aggressive drawback from a expertise perspective,” Ekholm stated.

China has been on the forefront of deploying 5G networks and accounts for greater than half of the gear used globally for the subsequent era community, making it a vital marketplace for any telecom gear maker.

Commercial

This commercial has not loaded but, however your article continues under.

Article content material

Past the huge gross sales volumes, being a entrance runner means China supplies a take a look at mattress for superior 5G applied sciences which Ericsson and Nokia might faucet into when deploying networks internationally.

Ericsson, a dominant provider of substances in China for earlier generations of telecom expertise, had made daring steps to win contracts within the nation, together with taking successful of 1.3 billion crowns ($152 million) on account of writedowns of product stock.

Writedowns are usually recouped as corporations promote further gear and make up for the losses in the long term, however dropping future contracts make the losses extra important.

“The attention-grabbing factor with bandwidth is that it’s addictive. After getting it, you need extra. The big information consumption in China will probably be a driver of future expertise wants,” Ekholm stated.

“Now we have to make it possible for we regain the quantity elsewhere, in addition to in China.”

($1 = 8.5737 Swedish crowns)

(Reporting by Supantha Mukherjee, European Know-how & Telecoms Correspondent, primarily based in Stockholm Enhancing by Niklas Pollard and Mark Potter)

Share this text in your social community

Commercial

This commercial has not loaded but, however your article continues under.

In-depth reporting on the innovation economic system from The Logic, dropped at you in partnership with the Monetary Submit.

    Top Stories Newsletter logo

    Monetary Submit Prime Tales

    Signal as much as obtain the each day prime tales from the Monetary Submit, a division of Postmedia Community Inc.

    By clicking on the join button you consent to obtain the above publication from Postmedia Community Inc. You could unsubscribe any time by clicking on the unsubscribe hyperlink on the backside of our emails. Postmedia Community Inc. | 365 Bloor Avenue East, Toronto, Ontario, M4W 3L4 | 416-383-2300

    Thanks for signing up!

    A welcome electronic mail is on its means. If you happen to do not see it, please verify your junk folder.

    The subsequent challenge of Monetary Submit Prime Tales will quickly be in your inbox.

    We encountered a problem signing you up. Please attempt once more

    Feedback

    Postmedia is dedicated to sustaining a energetic however civil discussion board for dialogue and encourage all readers to share their views on our articles. Feedback could take as much as an hour for moderation earlier than showing on the location. We ask you to maintain your feedback related and respectful. We have now enabled electronic mail notifications—you’ll now obtain an electronic mail should you obtain a reply to your remark, there’s an replace to a remark thread you comply with or if a consumer you comply with feedback. Go to our Group Tips for extra info and particulars on the best way to regulate your electronic mail settings.

    [ad_2]

    Source link

    Tags: CEOChinadoubleEricssonrumblestussle
    Previous Post

    Christopher Bo Shields, Co-founder, Totem

    Next Post

    Convicted child molester Saipul Jamil faces pushback amid talks of TV return

    Related Posts

    BUSINESS NEWS FROM AROUND THE WORLD

    UK’s Outsider Economists Question Radicalism of Trussonomics

    by
    July 24, 2022
    BUSINESS NEWS FROM AROUND THE WORLD

    Tesla Is Set for Settlement Talks Over Musk Tweets About Taking Company Private

    by
    July 23, 2022
    BUSINESS NEWS FROM AROUND THE WORLD

    Communications stocks lag for week, dragged by Snap, telecoms (NASDAQ:NFLX)

    by
    July 23, 2022
    BUSINESS NEWS FROM AROUND THE WORLD

    WHO declares spread of monkeypox an international public health emergency

    by
    July 23, 2022
    BUSINESS NEWS FROM AROUND THE WORLD

    Gold sees glimmer of hope as US dollar hits rough patch

    by
    July 23, 2022
    Next Post

    Convicted child molester Saipul Jamil faces pushback amid talks of TV return

    Drone deliveries provide lifeline for Covid patients in Indonesia

    Leave a Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    No Result
    View All Result

    Recent Posts

    • UK’s Outsider Economists Question Radicalism of Trussonomics
    • The Dogefather sends his regards – TechCrunch
    • Tesla Is Set for Settlement Talks Over Musk Tweets About Taking Company Private
    • DoorDash and Uber Eats are moving beyond food, focusing on groceries and alcohol as users cut spending due to high inflation and a potential economic downturn (Preetika Rana/Wall Street Journal)
    • Mohammed bin Salman Al Saud | The remarkable rise of a ruthless reformer

    Recent Comments

    • PakDhe Musmar on Suku pemburu-peramu Punan Batu: Bertahan di hutan atau bertarung melawan zaman – BBC News Indonesia
    • hc blue on Suku pemburu-peramu Punan Batu: Bertahan di hutan atau bertarung melawan zaman – BBC News Indonesia
    • Putra Awan on Suku pemburu-peramu Punan Batu: Bertahan di hutan atau bertarung melawan zaman – BBC News Indonesia
    • Divakar Bhadouriya on Coldplay – Daddy (Official Video)
    • RK Ravikumar on Coldplay – Daddy (Official Video)

    Archives

    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • April 2020
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • September 2018
    • August 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • December 2017
    • November 2017
    • October 2017
    • September 2017
    • August 2017
    • July 2017
    • June 2017
    • May 2017
    • April 2017
    • March 2017
    • February 2017
    • December 2016
    • November 2016
    • October 2016
    • September 2016
    • August 2016
    • July 2016
    • June 2016
    • May 2016
    • April 2016
    • March 2016
    • December 2015
    • October 2015
    • September 2015
    • August 2015
    • July 2015
    • June 2015
    • May 2015
    • April 2015
    • February 2015
    • January 2015
    • November 2014
    • October 2014
    • September 2014
    • July 2014
    • June 2014
    • May 2014
    • March 2014
    • February 2014
    • January 2014
    • November 2013
    • October 2013
    • September 2013
    • August 2013
    • July 2013
    • June 2013
    • May 2013
    • February 2013
    • January 2013
    • December 2012
    • October 2012
    • September 2012
    • August 2012
    • July 2012
    • May 2012
    • April 2012
    • December 2011
    • July 2011
    • March 2011
    • December 2010
    • November 2010
    • June 2010
    • February 2010
    • October 2009
    • September 2009
    • August 2009
    • July 2009
    • July 2007
    • June 2007
    • January 2007

    Categories

    • BUSINESS NEWS FROM AROUND THE WORLD
    • INDONESIA AFRICA NEWS
    • INDONESIA BUSINESS HELP
    • INDONESIA EDUCATION NEWS
    • INDONESIA EU NEWS
    • INDONESIA GULF NATIONS NEWS
    • INDONESIA IMMIGRATION NEWS
    • INDONESIA INDIA NEWS
    • INDONESIA JOINT VENTURE NEWS
    • INDONESIA MANUFACTURERS
    • INDONESIA NIGERIA NEWS
    • INDONESIA POLITICAL NEWS
    • INDONESIA RUSSIA NEWS
    • INDONESIA TECHNOLOGY NEWS
    • INDONESIA UK NEWS
    • INDONESIA UNIVERSITIES
    • INDONESIA USA TRADE NEWS
    • INDONESIA VENTURE CAPITAL NEWS
    • Uncategorized
    • VIDEO NEWS FROM AROUND THE WORLD

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    • Home
    • Disclaimer
    • Privacy Policy
    • DMCA
    • Cookie Privacy Policy
    • Terms and Conditions
    • Contact us

    Copyright © 2021 198 Indonesia News.
    All Rights Reserved.

    No Result
    View All Result
    • Home
    • VIDEO NEWS
    • BUSINESS NEWS
    • FEATURED NEWS
      • INDONESIA USA TRADE NEWS
      • INDONESIA UK NEWS
      • INDONESIA NIGERIA NEWS
      • INDONESIA EU NEWS
      • INDONESIA AFRICA NEWS
      • INDONESIA RUSSIA NEWS
      • INDONESIA GULF NATIONS NEWS
      • INDONESIA INDIA NEWS
    • POLITICAL NEWS
    • MORE NEWS
      • TECHNOLOGY NEWS
      • IMMIGRATION
      • INDONESIA EDUCATION NEWS
      • INDONESIA VENTURE CAPITAL NEWS
      • INDONESIA JOINT VENTURE NEWS
      • INDONESIA MANUFACTURERS
      • INDONESIA BUSINESS HELP
      • INDONESIA UNIVERSITIES
      • 198INDONESIA MEDIA TRAINING
      • 198 TILG INDONESIA CEO NETWORKS
    • ASK IKE LEMUWA
    • REGISTER NGO
    • CONTACT US

    Copyright © 2021 198 Indonesia News.
    All Rights Reserved.

    Login to your account below

    Forgotten Password?

    Fill the forms bellow to register

    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In