Ericsson Chalks Out Restructuring Plans

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Ericsson disclosed plans to restructure its operating units to focus on mobile infrastructure and business customers, effective June 1.

EVP Arun Bansal and Peter Laurin, head of the business area managed services, will leave the company.

Ericsson created a new business unit by merging digital services and managed services to increase its cloud expertise and build automation and artificial intelligence products. Ericsson veteran Per Narvinger will lead the division.

A new unit for enterprise wireless business will develop 5G-related products to meet the needs of big companies. Cradlepoint CEO George Mulhern will helm the division.

By Anusuya Lahiri 

© 2022 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.

Benzinga

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