Friday, 22 March 2019

Tag Archives: Ericsson

Indian billionaire pays million to Ericsson in face of jail

An heir to rags-to-riches billionaire Dhirubhai Ambani, Anil, has been entangled in a Bollywood-like feud with his brother over their father’s firm that once was India’s most valuable company. The price war with his sibling has ended with filing for bankruptcy for Anil’s Reliance Communications, from which Swedes wanted payment. ...

Read More »

Billionaire Ambani risks jail over missed Ericsson payments

NEW DELHI: India’s top court said Indian industrialist and chairman of Reliance Communications (RCom) Anil Ambani wilfully did not pay 77.3 million U.S. dollars to Swedish telecom equipment maker Ericsson, thereby holding him guilty of contempt in a case, officials said. “RCom had no intention to abide with the undertakings. ...

Read More »

Ericsson raises 2020 sales target as recovery gains pace

LONDON: Ericsson on Thursday raised its sales target for 2020, driven mainly by a recovery in its hard-hit networks business and cost-savings gains. The mobile telecom equipment maker now aims for net sales of 210-220 billion Swedish crowns ($23.3-24.4 billion), up from earlier guidance of 190-200 billion. After years of ...

Read More »