Ericsson AB Chief Executive Officer Hans Vestberg told directors he has no plans to step down following reports that he is among candidates to succeed Microsoft Corp.’s Steve Ballmer, according to a person familiar with the matter.
Ericsson AB, the world’s largest maker of mobile-phone networks, aims to increase revenue from its more than 27,000 patents as devices from toys to energy meters get wireless access, its chief executive officer said.
Ericsson AB, the world’s largest maker of wireless networking equipment, is making a new push into services such as money transfers over handsets, as short- term uncertainties weigh on growth of its traditional business, Chief Executive Officer Hans Vestberg said in an interview.
Ericsson AB, the world’s largest maker of wireless networks, reported profit margins that beat analysts’ projections after cutting jobs and focusing on more lucrative contracts. The stock rose the most in five months.