Ericsson inks record 2-billion-dollar deal with India&#39;s Bharti
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Telecoms giant Ericsson said it had won a 2.0-billion-dollar order from India&#39;s Bharti Airtel to expand its network into rural areas, the largest order ever received by the Swedish company.
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Yesterday, Swedish mobile phone company Sony Ericsson announced deals had been inked with 10 major record labels, adding over 5 million tracks to the company's forthcoming over-the-air download music store
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The world will have almost two billion mobile telephone users by 2006 due to growth in emerging markets such as India and China, the head of Swedish giant Ericsson revealed.
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The worldâs largest maker of wireless networks said today that strong sales in Asia helped boost earnings to $960 million in the second quarter.
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Swedish telecom equipment maker  Ericsson (ERICb.ST) and Japan's electronics giant Sony (6758.T)  will expand their cooperation beyond cell phones to mobile and  broadband TV, an Ericsson official said on Thursday.
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Mobile phone maker Sony Ericsson said  on Wednesday it would have low-cost color screen and music  playing handsets made in India through manufacturing agreements  with Flextronics and Foxconn.
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Tata Consultancy Services (TCS) and the Nielsen Company jointly announced an outsourcing deal today in which Nielsen will? hand over most of its IT and operations functions worldwide to TCS.The deal is valued at $1.2 billion and is part of a 10-year agreement between the two companies.While TCS will take over the usual IT and operational processes that outsource and offshore providers have been doing for years, the more interesting part of the agreement says that Tata will also work with Nielsen to "integrate and centralize multiple systems, technologies and processes," according to the prepared statement.The significance of this part of the agreement rests in the fact that large services organizations such as Nielsen have come to realize they can no longer be a one-stop shop for a variety of related but disconnected solutions.Nielsen currently provides television and Internet audience measurement; insight and analysis of consumer behavior for the packaged goods and retail industries; and a variety of services for print, online, and mobile media services, as well as for the entertainment, books, video, and music industries.As all of these industries begin to consolidate, they in turn are looking for consolidated views across all of their business interests. By integrating its services, Nielsen hopes that Tata will help it deliver a higher level of analytics to its customers."Nielsen is moving quickly to transform an outstanding group of operating businesses into an integrated, market-focused organization that delivers high-value information services to our clients," said Mitchell Habib, executive vice president for Nielsen Global Business Services.The deal also moves the India-based consultancy higher up the value chain, bringing it face to face with such world-class consulting services companies and competitors as IBM and Accenture.Under the proposed 10-year deal, TCS will also take responsibility for some finance and human resource business processes. These processes will be executed on TCS' BPO platforms.The deal is not yet final. However, a spokesperson said that a definitive agreement is expected to execute in the near future.
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Reliance Industries (RIL) has earmarked Rs 2,999 crore for the share buyback, making it the largest ever buyback in the history of corporate India.
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Indian industrial group Tata agrees to invest $2bn in Bangladesh, the biggest single deal agreed by a firm in the south Asian country.
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India and the European Union have signed a &#39;strategic partnership&#39; deal which officials say will significantly boost their relationship.
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Greek phone taps Ericsson has been hit with a â¬7.36m ($10m) fine for its role in tapping mobile phones belonging to the Greek prime minister and members of his Cabinet.â¦
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Ericsson (NASDAQ: ERIC) today signed a GSM expansion framework agreement with China Mobile, valued at about USD 1 billion, at a ceremony in Sweden attended by Chinese President Hu Jintao.
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India's state-owned telecom provider signs $8.2 million contract with the company.
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The company signs on an Indian cellular provider, looking to capitalize on the country's fast-growing wireless market.
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Telecommunications equipment  maker Ericsson AB  will buy data networking  equipment vendor Redback Networks Inc.  for $2.1  billion in cash, the companies said on Tuesday.
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Ericsson (ERICb.ST), the world&#39;s  biggest mobile network maker, reported softer-than-expected  second-quarter earnings on Friday but said the company  continued to outperform the market.
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Telecom giant Vodafone has said it will invest more than two billion dollars in a drive to make its new Indian purchase, Hutchison Essar, the country's biggest mobile phone company.