As the first commercial Internet of Things (IoT) networks are being introduced, Ericsson (NASDAQ: ERIC) complements its cellular IoT software and IoT Accelerator offerings with a complete set of network services. These services enable service providers to efficiently address the deployment and operation of the massive number of IoT devices being introduced to LTE networks.
Gordana Kovačević, the President of Ericsson Nikola Tesla, comments: “In H1 2017, sales revenue of Ericsson Nikola Tesla Group decreased by 2.9 percent year-over-year. Despite continuous sales revenue growth from services in Ericsson market and an increase in sales revenue in the domestic market, we were not able to fully neutralize the decline in sales in CIS market and markets of Southeast Europe. Despite numerous business challenges, we have maintained the position of the largest ICT exporter and the leading exporter of knowledge in Croatia. In line with our expectations, Ericsson market records a positive trend and an increase in revenue, primarily due to expansion of our responsibilities and new competencies of our R&D experts and our other expert centers. We have successfully entered into new technology areas, which resulted in high value added job openings. In H1 2017, we hired 145 new experts. At the end of H1, Ericsson Nikola Tesla Group had 3017 employees.
Categories: Business Results
Within the project “Living Healthy”, run by the Croatian Institute of Public Health (CIPH) and co-financed by the European Social Fund, a team of CIPH experts visited our company and evaluated the work environment. The evaluation covers seven areas, which all achieved high scores. Companies included in the project have access to educational modules for further improvement of occupational health. The first of a series of educational events in the company will begin as soon as this month, when a team of CIPH experts will offer their advice and support to employees through promotion of healthy lifestyles.
Ericsson (NASDAQ: ERIC) has published its latest ConsumerLab report - Merged Reality - revealing insights into how consumers expect virtual reality (VR) and augmented reality (AR) to merge with physical reality, and that 5G will be a key technology for such experiences to become mainstream. The report reveals that when boundaries between people's perception of physical and virtual reality start to blur, this could result in a drastic impact on lives and society. The way we live, work, and consume information and media will fundamentally change.
Latest edition of the Ericsson Mobility Report foresees 2.6 billion new mobile broadband subscribers will be added through 2022 - averaging to more than one million each day. Dominant access technology will be LTE (also known as 4G) in 2018, making it the fastest-growing mobile technology in history. Total traffic in mobile networks grew 70 percent between end of Q1, 2016 and end of Q1, 2017.
The Annual General Meeting of Ericsson Nikola Tesla joint-stock company was held at the Company’s headquarters, Krapinska 45, Zagreb, on Tuesday, June 6, 2017. The equity capital represented at the AGM was HRK 86,747,700, which corresponds to 65.20% of the total Company's equity, thus satisfying the legal conditions for the AGM to make valid decisions. In the presence of a notary public, the AGM proceedings were conducted by Snježana Bahtijari, the AGM chairperson appointed by the Supervisory Board of the Company.