Ericsson resolves on an acquisition offer for C shares for LTV II 2023, LTV 2022 and LTV 2021
STOCKHOLM, May 3, 2023 /PRNewswire/ -- In accordance with the resolutions by the Annual General Meeting 2023, Ericsson (NASDAQ: ERIC) expands its treasury stock in order to provide shares for the Long-Term Variable Compensation Programs LTV II 2023, LTV 2022 and LTV 2021 for Ericsson's executive ...
Ericsson reports first quarter results 2023
STOCKHOLM, April 18, 2023 /PRNewswire/ -- First quarter highlights – Executing in a challenging market * Group organic sales[1] were unchanged YoY. As expected, segment Networks organic sales[1] declined by -2%, driven by lower operator capex and inventory optimization among multiple customer...
Ericsson announces CFO transition
STOCKHOLM, April 18, 2023 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announced thatCarl Mellander, the Company's Chief Financial Officer, will step down at the end of the first quarter 2024. Mr. Mellander has been with Ericsson for over 25 years and has been a member of its Executive Team sinc...
Ericsson Mobility Report Business Review edition: 5G drives revenue growth
* Communications Service Providers in Top 20 5G markets enjoying revenue growth * Enhanced Mobile broadband and Fixed Wireless Access proving popular early use cases * Cloud gaming, enterprise and industrial deployments gaining momentum STOCKHOLM, Feb. 7, 2023 /PRNewswire/ -- New research f...
Ericsson announces changes to the Executive Team
* Jenny Lindqvist is appointed Senior Vice President, and Head of Market Area Europe &Latin America, effective as of February 1, 2023 * Becomes member of Ericsson's Executive Team reporting to CEO STOCKHOLM, Jan. 26, 2023 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) has appointed Jenny Lindqvist S...
Ericsson Nomination Committee´s proposal for board of directors. Jan Carlson proposed as new Chairman
* Chairman, Ronnie Leten, has informed that he will not stand for re-election to the Board * Kurt Jofs and Nora Denzel have informed the Nomination Committee that they will not stand for re-election as directors * The Nomination Committee of Ericsson proposes that curre...
Ericsson presents a Green Financing Framework
* The Green Financing Framework is established to enable financing of investments in energy efficient technologies, such as 4G, 5G and future 6G, and renewable energy. * The framework has been developed in accordance with current market best practices and verified by leading independent secon...
Ericsson Announces Extension of Compliance Monitorship
STOCKHOLM, Dec. 15, 2022 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) announces that it has agreed with the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) to extend the term of the Company's Independent Compliance Monitor for one year, toJune 2024. In 2019 Ericsson ente...
Ericsson Mobility Report: Global 5G growth amid macroeconomic challenges
STOCKHOLM, Nov. 30, 2022 /PRNewswire/ -- * 5G continues to scale faster than any previous mobile generation * 5G mobile subscriptions expected to reach five billion by the end of 2028 * Fixed Wireless Access forecast increased and now estimated to top 300 million connections within six years...
Ericsson report highlights potential economic benefits of 5G in emerging markets
* Comprehensive Analysys Mason study spans 15 countries in Asia, Africa and Latin America * Potential GDP economic benefits vastly outweigh investment costs * Governments, regulators and policy makers play a key enabling role * Countries also set to benefit from environmental and social inc...
Ericsson reports third quarter results 2022
STOCKHOLM, Oct. 20, 2022 /PRNewswire/ -- Third quarter highlights * Group organic sales[1] grew by 3% YoY driven primarily by Networks in North America. Reported sales were SEK 68.0 (56.3) b., of which Vonage contributed SEK 2.9 b. since July 21. * Gross income increased to SEK 28.1 (24.8) ...
Ericsson partners with Jio to build India's first 5G Standalone network to achieve India's digital leadership
STOCKHOLM, Oct. 17, 2022 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) has entered into a long-term strategic 5G contract with Indian communications service provider (CSP) Reliance Jio Infocomm Ltd. (Jio) to roll out 5G Standalone (SA) in the country. The announcement follows the allocation of 5G spec...
Ericsson's largest consumer study shows 5G is already paving the path to the metaverse
STOCKHOLM, Oct. 13, 2022 /PRNewswire/ -- * Ericsson ConsumerLab's 5G: The Next Wave report is the largest consumer 5G research to date. * Compared to 4G users - 5G users spend an average of one hour per-week more on metaverse-related services, such as gaming in virtual worlds, and augmented ...
Invitation to media and analyst briefing for Ericsson Q3 2022 report
* Report to be released at approximately 7:00 AM CEST on October 20, 2022 * One live video webcast for analysts, investors and journalists at 9:00 AM CEST STOCKHOLM, Oct. 6, 2022 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the third quarter 2022 will be published at approxim...
Invitation to briefing on Vonage and Global Network Platform
* Ericsson to host a briefing on recent Vonage acquisition and development of Global Network Platform * Conference call including Q&A scheduled at 6:00 PM CEST, September 26 STOCKHOLM, Sept. 13, 2022 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) invites stakeholders to a briefing onSeptember 26, 6:...
Invitation to conference call on restated segment financials
STOCKHOLM, Aug. 29, 2022 /PRNewswire/ -- * As previously announced Ericsson is as of Q3 2022 changing its reporting structure to reflect its new organization * Restated segment financials for 2022 first and second quarter, 2021 by quarter and 2020 full year will be publishedSeptember 20, at 8...
Invitation to media and analyst briefing for Ericsson Q2 2022 report
* Report to be released at approximately 7:00 AM CEST on July 14, 2022 * One live video webcast for analysts, investors and journalists at 9:00 AM CEST STOCKHOLM, June 30, 2022 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the second quarter 2022 will be published at approxima...
Update on Ericsson's proposed acquisition of Vonage
STOCKHOLM, June 28, 2022 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) continues to work closely with the Committee on Foreign Investment inthe United States as it reviews its proposed acquisition of Vonage Holdings Corp. (NASDAQ: VG). The merger has cleared all other requisite foreign and US regulator...
Ericsson changes Group structure and Executive Team to execute on growth strategy
* To capitalize on the convergence of software and services and deliver growth in the core business, a new Business Area Cloud Software and Services is introduced, combining Business Area Digital Services and Business Area Managed Services. Per Narvinger will head up the unit and will be a memb...
Ericsson reports first quarter results 2022
STOCKHOLM, April 14, 2022 /PRNewswire/ -- First quarter highlights * Group organic sales grew by 3% YoY driven by Networks in North America and inEurope and Latin America. Reported sales were SEK 55.1 (49.8) b. * Reported gross margin was 42.3% (42.8%) impacted by proactive investments in sup...
