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General

Ericsson reorganises as focus moves to 5G, cloud

Thursday 21 April 2016 | 09:51 CET | News
After reporting a slowdown in sales for the first quarter, Ericsson has shaken up its executive team and announced a whole new strategy to drive growth and profitability, saying it wants a leaner organisation to better capture market opportunities, with a focus on the 5G, Internet of Things and cloud marketOver the past years, the company has made a number of changes, such as exiting the handset and modems businesses and enhancing its partnership strategy on IP. CEO Hans Vestberg noted however that the changes were not enough and that the company has therefore developed a new organizational

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Categories: General
Countries: World
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