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TELECOM

Ericsson to shore up 4G access in the UK

Swedish telecom giant Ericsson will sate the British thirst for 4G, as it prepares to roll out the technology in a deal with UK provider O2.

Ericsson to shore up 4G access in the UK

“This network transformation will put us in a great position for a seamless launch of 4G services this year,” said Andrew Conway, O2 mobile access head, in a statement.

The deal, announced Monday, follows on from a 3G cooperation that begun in 2010.

Ericsson announced that it would be “deploying RBS 6000 multi-standard radio base stations for 50 percent of O2’s radio access network in the UK”.

The statement noted the increased proclivity for smartphone usage and the increased demands it put on the mobile networks and data transfer capacity.

“The end result will be a nationwide multi-standard network that supports 2G/3G/4G, giving O2 the ability to manage with data traffic growth and expand its mobile coverage,” Ericsson statement read.

O2 welcomed the cooperation.

“The outcome of the recent spectrum auction allows us to ensure the widest and deepest possible reach for new services and will see O2’s 4G network provide indoor coverage to 98 percent of the UK population,” said Conway.

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SWEDEN AND UKRAINE

Ericsson suspends all Russia operations indefinitely

Swedish network equipment maker Ericsson said Monday that it was suspending all of its Russian operations over the war in Ukraine for the foreseeable future.

Ericsson suspends all Russia operations indefinitely

The telecom giant already announced in late February that it would stop all deliveries to Russia following Moscow’s February 24 invasion of Ukraine.

“In the light of recent events and of European Union sanctions, the company will now suspend its affected business with customers in Russia indefinitely,” Ericsson said in a statement.

The company added that it was “engaging with customers and partners regarding the indefinite suspension of the affected business.”

“The priority is to focus on the safety and well-being of Ericsson employees in Russia and they will be placed on paid leave,” it said.

READ ALSO: How has Sweden responded to Putin’s war in Ukraine so far?

Hundreds of Western firms ranging from Ikea to Coca-Cola, Goldman Sachs and McDonald’s have stopped operations in the country since the invasion, with French banking group Societe Generale announcing Monday it was selling its stake in Russia’s Rosbank.

Ericsson has around 600 employees in Russia, and is a “major supplier to the largest operator MTS and the fourth largest operator Tele2,” a company spokeswoman told AFP, adding that together with Ukraine, Russia accounts for less than two percent of revenue.

As a result, the equipment maker said it would record a provision for 900 million Swedish kronor ($95 million, 87 million euros) for the first quarter of 2022 for “impairment of assets and other exceptional costs,” though no staff redundancy costs were included.
Ericsson is due to publish its first quarter earnings on April 14.

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