RCR Wireless – What’s next for Ericsson?

The board was forced to act under mounting pressure from financial analysts and the media instead of understanding earlier on that they ought to look for a new CEO,” Bengt Nordström, co-founder and CEO of telecom consultancy firm Northstream, told RCR Wireless News. Nordström is critical of the board being reactive instead of proactive.

“The board has asked too few critical questions: How are operators planning to invest? When will ‘internet of things’ revenue start to kick in? How can Ericsson benefit from growth in the cloud services space? They have avoided these questions or simply not understood their importance,” he added.

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Helsinki Times - Nokia's second-quarter performance disappoints analysts and investors

The result published by the network equipment manufacturer last week is an indication of problems underlying the entire wireless network industry, estimates Bengt Nordström, the chief executive of Northstream. Nor is a turn for the better on the horizon, he adds. “All network suppliers must reach an entirely new, low level of costs if they [...]
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