Deutsche Telekom chooses Ericsson for 5G Radio Access Network (RAN) deployment after Ericsson delivers successful modernization of their 2G/3G/4G networks. Ericsson Radio System products and solutions will be used for 5G RAN deployment across Germany for efficient and speedy rollout. Deutsche Telekom will use Ericsson Spectrum Sharing to flexibly manage both 4G and 5G traffic.
Gordana Kovačević, the President of Ericsson Nikola Tesla, commented: “The extraordinary circumstances, caused by the COVID-19 pandemic that marked the end of Q1 2020, continue. Although during May and June many countries started relaxations of strict measures of movement and distancing, the movement of people and goods is still limited and impacts the global business environment. Since Ericsson Nikola Tesla Group operates globally, these disruptions negatively impact certain part of our business activities. Some customers and partners slowed down or postponed the implementation of contracted projects and reduced their investments. We have also noticed a trend of an increasing number of requests to postpone collection of receivables and new payment models. Our priority is to secure the health and safety of our employees, customers, partners and suppliers, as well as the continuation of stable business performance. Therefore, most of our employees continue to provide services/support to our customers by working remotely, while some of them work from offices. In addition, due to restrictions in travelling our employees cannot carry out some of the activities.“
Categories: Business Results
Categories: Tehnology news
In the special conditions caused by the coronacrisis and with the observance of all protection measures, on Friday, June 26, 2020, in the Company's premises in Krapinska 45, Zagreb, the Annual General Meeting of the Ericsson Nikola Tesla joint-stock company was held. For the participation in the work of the AGM, HRK 89,870,700.00 of the equity capital was registered, corresponding to 67.49 % of the total Company’s equity. This was sufficient for the AGM to make valid decisions.
• 190 million 5G subscriptions forecast by end of 2020; 2.8 billion by the end of 2025 • Digital infrastructure critical to meeting communication needs in times of crisis • Fixed wireless access (FWA) connections forecast to reach close to 160 million, and account for 25 percent of global mobile network data traffic by end of 2025
Pursuant to the Article 474, Paragraph 1 of the Capital Market Act, Ericsson Nikola Tesla d.d., with headquarters in Zagreb, Krapinska 45, PIN: 84214771175 (hereinafter: “the Company”), hereby notifies that the investment company Interkapital vrijednosni papiri d.o.o. made the acquisition of Company (treasury) shares in the name and on behalf of the Company at the regulated market of Zagreb Stock Exchange (ZSE).