0
Wireless

U-blox to cut costs despite H2 rebound

Wednesday 25 November 2020 | 09:27 CET | News
U-blox said at its annual Capital Markets Day that activity is increasing across its segments following the downturn experienced during the second and third quarters due to the strain caused by the coronavirus pandemic. Because the general outlook remains uncertain however amid continuing lockdowns, the company has decided to start new cost saving and efficiency measures, with the goal of saving CHF 15 million per year. U-blox said it will check R&D priorities and expenditures carefully to balance innovation with free cash flow objectives. Looking ahead, the company still does not want to

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: U-blox
Countries: World
::: add a comment
This article is part of dossier

Coronavirus


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Telit calls off merger talks with U-blox

Published 07 Jan 2021 12:57 CET | World | Update: 08 Jan 2021 08:45 CET
Telit Communications has called off all takeover negotiations with U-blox, saying the proposed all-stock merger does not create ...

Telit extends deadline to receive firm takeover offer from U-blox

Published 18 Dec 2020 09:12 CET | World
Telit Communications said that it has extended the deadline that allows Swiss company U-blox to firmly decide whether to make an ...

Telit confirms possible takeover offer from DBAT Advisers

Published 07 Dec 2020 16:48 CET | World
Telit Communications, global IoT enablement company, announced that DBAY Advisers is considering a possible offer of GBP 1.90 per ...

U-blox, Focal Point team to improve accuracy of GNSS devices

Published 03 Dec 2020 16:26 CET | World
U-blox, global provider of positioning and wireless communications technology, has announced a deal with UK technology start-up ...

Telit receives all-share takeover bid from U-blox

Published 20 Nov 2020 09:41 CET | World
Telit Communications has announced the receipt of a preliminary all-share bid approach from Swiss company U-blox. Under the terms ...

U‑blox releases GNSS receiver for ultra-low power positioning apps

Published 05 Nov 2020 13:39 CET | World
U‑blox announced the u‑blox M10, its latest GNSS receiver designed for ultra-low power positioning applications. U‑blox M10 can ...

U-blox sees revenues hit by pandemic, withdraws outlook for 2020

Published 21 Aug 2020 10:25 CET | World
Swiss company U‑blox said its revenues decreased to CHF 174 million in H1 2020 from CHF 190.5 million in the same period of the ...





Calendar   /   Industry Events

08 Mar Smith Micro Q4 2020
10 Mar MTN FY results
10 Mar Verizon Investor Day
11 Mar Comtech Telecommunications Q2
11 Mar Gogo Q4 2020
11 Mar Technicolor FY results
11 Mar T-Mobile US analysts day
12 Mar RTL Group Q4 2020
12 Mar Mobilezone Q4 2020
12 Mar AT&T analysts day
::: More Calendar Items