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uk bans huawei

Ericsson second quarter profit rises

4 mins read

The FINANCIAL — Ericsson reported its second-quarter 2020 results, which shows that the gross margin was higher than expected. Ericsson’s position could also be strengthened if more countries follow the U.K. and ban Huawi from 5G. Company is ready to deliver larger volumes of equipment if Huawei bans spread. Omantel has selected Ericsson (NASDAQ: ERIC) to support the Sultanate’s ongoing 5G radio access network (RAN) deployment plans in a multi-year partnership. The Stockholm-based company on Friday reported second-quarter sales of 55.6 billion kronor ($6.1 billion), compared with the average analyst estimate of 54.8 billion kronor. Its adjusted gross margin was higher than expected,…

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Ericsson second quarter profit rises

4 mins read

The FINANCIAL — Ericsson reported its second-quarter 2020 results, which shows that the gross margin was higher than expected. Ericsson’s position could also be strengthened if more countries follow the U.K. and ban Huawi from 5G. Company is ready to deliver larger volumes of equipment if Huawei bans spread. Omantel has selected Ericsson (NASDAQ: ERIC) to support the…

UK bans Huawei and requires to remove all 5G kits by 2027

6 mins read

The FINANCIAL — The British government declared that, it will bar telecom companies from purchasing new equipment made by Huawei Technologies Co. and told them to remove its technology from their 5G networks until 2027. John Browne will step down as chairman of Huawei’s UK board six months early, in a move that was revealed just hours…