Ericsson

Ericsson's stock fell sharply after reporting that rising memory-chip prices are eroding profit margins, leading to the worst earnings reaction in nearly three years. The telecom equipment maker attributed the decline to increased component costs.

An investigation by Global Witness found that Amazon, Sony, and Ericsson likely sourced coltan from the Democratic Republic of the Congo (DRC) via supply chains controlled by the M23 rebels, who are accused of sexual violence, summary executions, and torture. The minerals are used in phones and were smuggled from mines occupied by the militia.

Sweden will ban mobile phones in schools starting fall 2024 as part of a global trend reducing screen time in classrooms. The policy aims to address declining reading and writing skills among students, with funding allocated for textbooks and traditional learning tools. Similar measures are being adopted in Denmark, Finland, and other countries.

Sweden is set to ban mobile phones in schools starting in the fall, aiming to reduce screen time and improve reading skills. The policy aligns with international efforts, including similar measures in Denmark, Finland, and South Korea, to limit digital distractions in education.

The Next Generation Mobile Networks Alliance (NGMN) urges a streamlined 6G rollout to avoid the fragmented 5G deployment issues seen in countries like the UK. It emphasizes simplified network architectures, single-release 3GPP standards, and Multi-RAT Spectrum Sharing (MRSS) to enable 5G and 6G coexistence, ensuring cost-effective migration and reducing market confusion.

Ericsson's share price declined as the company reported earnings weakness in business segments outside of its core Networks division. The telecommunications equipment manufacturer is facing challenges in diversifying revenue beyond its primary networking business.