TNB Tech Minute: AT&T Drops Nokia for Ericsson in $14 Billion Deal
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 4 December 2023
⏱️ 2 minutes
🧾️ Download transcript
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| 0:00.0 | Here's your T&B Tech Minute for Monday, December 4th. |
| 0:05.0 | I'm Alex Oscela for the Wall Street Journal. |
| 0:07.5 | This is our new afternoon roundup of the day's big tech headlines. |
| 0:11.0 | AT&T has struck a deal to buy up 14 billion dollars of hardware from Swedish equipment |
| 0:17.2 | supplier Ericsson. |
| 0:18.7 | The five-year agreement would move virtually all of AT&T's new purchases of some cell tower equipment to Ericsson, replacing |
| 0:25.6 | existing machinery from Finnish rival Nokia in many places. |
| 0:29.6 | The Dallas-based Telecom Giant says it plans to start the swap next year and aims to have 70% of its wireless |
| 0:35.8 | network traffic passing through open platforms by late 2026. |
| 0:41.2 | General Motors Cruz has been ordered to testify before the California Public Utilities Commission. |
| 0:46.0 | Over allegedly misleading comments it gave to regulators about an incident in October in which a pedestrian was hit. |
| 0:52.0 | The CPUC said the self-driving car in which a pedestrian was hit. |
| 0:53.0 | The CPUC said the self-driving car company omitted critical information about the safety of its vehicles regarding the incident. |
| 1:00.0 | In a statement, a spokesman for Cruz said it is committed to rebuilding trust with regulators. |
| 1:04.7 | And Spotify plans to layoff 17% of its staff or about 1,500 employees in its third round |
| 1:12.2 | of layoffs this year. |
| 1:14.0 | CEO Daniel Ek announced the cuts to staff today. |
| 1:17.3 | In a letter to staff, Ek said Spotify had been squeezed by slower economic growth as well |
| 1:22.2 | as interest rate increases. |
| 1:24.0 | The company expects the fresh round of layoffs to help it reach its profitability target faster. |
| 1:29.0 | For a deeper dive into what's happening in tech, check out Tuesday's Tech News Briefing Podcast. |
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