|Bid||5.080 x 400|
|Ask||6.190 x 300|
|Day's Range||5.970 - 6.030|
|52 Week Range||4.830 - 7.550|
|PE Ratio (TTM)||-14.90|
|Dividend & Yield||0.11 (1.85%)|
|1y Target Est||N/A|
Ericsson (ERIC) is planning to cut 25,000 jobs outside Sweden in a bid to accelerate cost cuts. Over the past year, the company has sacked 7000 employees in North America.
Ericsson said it has launched legal proceedings against smartphone maker Wiko, alleging infringement of patents essential for 2G, 3G and 4G cellular technology, as well as implementation patents.
Swedish mobile infrastructure firm Ericsson is suing French-Chinese smartphone maker Wiko in two German regional courts over patent infringements, it said on Thursday. Ericsson said Wiko had infringed its rights for several years without any licence or compensation, despite negotiations since 2013. Wiko, which has its head office in France but is majority-owned by Chinese technology group Tinno Mobile, was not immediately available for comment.