Nokia plunged to its lowest level in three years after it lost out to rival Ericsson in a major contract with telecommunications giant AT&T to roll out an open radio access network (Open RAN) in the US Stockholm-listed shares of Swedish company Ericsson rose significantly on Tuesday morning after the deal was completed. The companies … [Read more…]
(Bloomberg) — AT&T Inc. will hire Ericsson AB to modernize its U.S. wireless network, a project that could cost nearly $14 billion over five years. Most read by Bloomberg For Ericsson, which already accounts for about two-thirds of AT&T’s U.S. network, the deal represents a significant win over rival Nokia Oyj, which accounted for the … [Read more…]
[1/2]File Photo: AT&T’s corporate logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. Portal/Brendan McDermid/File Photo Purchase license rights STOCKHOLM, Dec 4 (Portal) – AT&T (TN) said on Monday it has chosen Ericsson (ERICb.ST) to build a telecommunications network using only … [Read more…]