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AT&T has reached a deal to buy network equipment from Ericsson over five years. ADRs of rival Nokia are falling.
AT&T Inc.'s choice of Ericsson AB to modernize its US wireless network sent shares of Nokia Oyj. as much as 10% lower on Tuesday.
AT&T spend could near $14 billion over its five-year contract with Ericsson, as they deploy an open-radio access network in the U.S., the companies said.
Ericsson shares rallied in early trading on Tuesday after AT&T chose the Swedish telecoms equipment maker over Finnish rival Nokia to build a network under a five-year deal that could see spending rea
AT&T Inc. T, -0.60% said Monday afternoon that it will collaborate with Ericsson to build “a more robust ecosystem of network infrastructure providers and suppliers” in the U.S. The company estima
The telecom giant's move would replace existing equipment from Nokia in many locations.
AT&T said on Monday it chose Ericsson to build a telecom network that uses only so-called ORAN technology and which will cover 70% of its wireless traffic in the United States by late 2026, marking a
Intel and Ericsson have a deal in place to manufacture future 5G chips on the Intel 18A process. Ericsson's latest family of radio-access network chips will use the Intel 4 process, which until now wa
In the most recent trading session, Ericsson (ERIC) closed at $4.94, indicating a -0.6% shift from the previous trading day.
Ericsson stock (NASDAQ: ERIC) has declined by about 16% year-to-date, underperforming the broader indices.
Ericsson (ERIC) collaborated with Red HAT to expand the capability of the Ericsson Cloud RAN solution and make it compatible with any cloud native environment.

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