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Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) has made the much awaited announcement. The provider has seen it fit to sign into a strategic agreement as part of its numerous efforts to provide a wide array of solutions and services to MÁSMÓVIL, which is the fourth largest Spanish operator.

According to Yahoo.com, services will include the core network evolution based on Network Functions Virtualization, enterprise billing, managed and systems support services, deployment, installation and maintenance of fiber to the home.

MÁSMÓVIL subscribers will as a matter of fact gain quick access to a superior consolidated network and new services like fixed VoIP, Wi-Fi calling and the Voice over LTE.Other sources indicate that MÁSMÓVIL asides from that will also be offering a wide range of billing to enterprises and innovative and flexible service bundles.

In the recent times, Ericsson has been witnessing frequent earnings misses, steep revenue declines and eroding profitability. These are indeed negative signals for such a top end company. More specifically, the restructuring costs as well as the write-downs continue to exert pressure on the company’s bottom line in a significant way.

The latest earning reports are out already and the provider reported a huge non-IFRS loss of SEK 2.42 (27 cents) per share.Top analysts have been closely following on the company’s progress. They have advised the company to look out for ways that will help it thrive and become an industry leader. In some recent board meetings, the matter was brought under close focus and we hope that the company is laying down the best strategies to moving forward.

It goes without saying that 2016 was in particular quite a disturbing and tough year for the company. The contract losses in Italy and Russia which ended up affecting the company immensely as well as the revenue declines will go down records as the most challenging moments. However, we hope that the company will get on tract and regain its top performance.

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