Ericsson - Non-cash Charge From Concluded Impairment and Revaluated U.S. Tax Assets
STOCKHOLM, Jan. 16, 2017 /PRNewswire/ -- * Impairment testing, announced in conjunction with restated numbers according to new segment structureDecember 8, 2017, is finalized resulting in SEK 14.2 b. write-down * Revaluation of U.S. deferred tax assets due to change in U.S. corporate income ...
Ericsson: Global Mobile Industry Leaders Achieve Multi-band 5G NR Interoperability
WASHINGTON, Dec. 21, 2017 /PRNewswire/ -- An important technology milestone based on the newly-approved NSA 5G NR standard has been achieved by a group of leading mobile communications companies. Ericsson (NASDAQ: ERIC) and Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated (NAS...
Ericsson Extends Fixed Wireless and Sky Muster™ Satellite Operations Partnership With NBN Co
WASHINGTON, Dec. 19. 2017 /PRNewswire/ --NBN Co has announced it will continue its fixed wireless and Sky Muster™ managed services partnership with Ericsson (NASDAQ: ERIC) through to 2020. Ericsson will continue to be responsible for nbn fixed wireless network operations, ground systems operatio...
Verizon Awards 5G Contract to Ericsson
WASHINGTON, Dec. 12, 2017 /PRNewswire/ -- Verizon has selected Ericsson (NASDAQ: ERIC) to provide networking equipment for their commercial 5G launch. Verizon will deploy the pre-standard 5G commercial radio network and the 5G Core network in select markets in second half of 2018. The companies ...
Ericsson: 2018 Hot Consumer Trends: Technology Turns Human
WASHINGTON, Dec. 11, 2017 /PRNewswire/ -- * Consumers expect technology interactions to be controlled by intonation, facial expression and body language * Earphones will become a 24/7 accessory, even when sleeping * 51 percent of Augmented Reality/Virtual Reality users believe artificial in...
Ericsson: Restated Segment Financials Published and Impairment Testing Begins
STOCKHOLM, Dec. 8, 2017 /PRNewswire/ --Restated segment financials As announced in April 2017, Ericsson (NASDAQ: ERIC) will start to report financials according to its new segments as of the fourth quarter 2017. To facilitate year-on-year comparisons, Ericsson today discloses the restated financ...
MBNL Extends Managed Services Deal With Ericsson
WASHINGTON, Dec. 5, 2017 * Network-sharing joint venture between Three and EE extends network managed services contract for a further two years fromJune 2018 to May 2020 * Ericsson remains responsible for central operations, network performance and optimization, field services and multi-vend...
Ericsson : First 5G Life Campus to Open in Belgium
WASHINGTON, Nov. 29, 2017 /PRNewswire/ -- * Ericsson and Corda Campus set up Belgian 5G Life Campus in Hasselt to test 5G technologies across a range of innovative applications * New 5G Life Campus to welcome Belgian industry players to develop 5G applications that benefit industry and societ...
Ericsson Predicts 1 Billion 5G Subscriptions in 2023
WASHINGTON, Nov 28, 2017 /PRNewswire/ -- * 5G will cover more than 20 percent of the global population six years from now, according to the latest Ericsson Mobility Report * Mobile data traffic continues to grow, primarily fueled by increased viewing of video content * LTE will be the domin...
Invitation to Webinar: Ericsson Mobility Report
STOCKHOLM, Nov. 23, 2017 /PRNewswire/ --The semi-annual Ericsson (NASDAQ: ERIC) Mobility Report delivers unmatched insights into the present and future of mobile technology usage as well as the proliferation of IoT and connected devices. Please join us for an exclusive one-hour webinar for the la...
Ericsson Broadcast and Media Services Becomes Red Bee Media
WASHINGTON, Nov. 9, 2017 /PRNewswire/ -- * Red Bee Media established as an independent services business dedicated to TV and media * Red Bee Media name and brand identity will roll out from November 9, 2017 * New separate business fully owned by Ericsson Ericsson (NASDAQ: ERIC) is renaming ...
Ericsson Capital Markets Day 2017
STOCKHOLM, Nov. 8, 2017 /PRNewswire/ -- * Update on company strategy, progress in strategy execution and planning assumptions going forward * Long term target of more than 12% operating margin, excluding restructuring, beyond 2020 * Robust plans in place with a target of sales of SEK 190 - ...
Swisscom Selects Ericsson as Strategic Supplier for Gigabit LTE and 5G
WASHINGTON, Nov. 8, 2017 /PRNewswire/ -- * Swisscom and Ericsson reaffirm their long-standing, strategic partnership by continuing to drive innovation in Gigabit LTE and 5G * Ericsson to provide complete digital transformation of Swisscom's network to nationwide Gigabit LTE and deployment of...
Ericsson Announces Changes to Executive Team
STOCKHOLM, Nov. 7, 2017 /PRNewswire/ -- * Fredrik Jejdling appointed Executive Vice President, in addition to his current role as Head of Business Area Networks, effectiveNovember 7, 2017 * Jan Frykhammar, Executive Vice President and advisor to the CEO, to leave his role as Executive Vice Pr...
Ericsson and Swisscom Offers Gigabit LTE With Radio Dot System
WASHINGTON, Nov. 6, 2017 /PRNewswire/ -- * Customers can experience indoor Gigabit LTE in Swisscom retail shops across Switzerland * Gigabit speeds reached by combining LTE frequencies, adding MIMO streams and enabling higher-order modulation in the Ericsson Radio Dot System * Full capabili...
Telefonica Chile Evolves Core Network
WASHINGTON, Nov. 2, 2017 /PRNewswire/ -- - Telefonica Chile selects Ericsson for full virtualization of its network functions, becoming the first operator in the country to deploy a virtualized core network - Ericsson Network Functions Virtualization (NFV) solution to be deployed, enabling flex...
Entel Extends Network Partnership Towards 5G With Ericsson
WASHINGTON, Oct. 30, 2017 /PRNewswire/ -- * New contract paves the way to 5G for Entel's mobile network using the latest technologies, focused on 4G expansion, Massive MIMO and its evolution * Ericsson's offerings include Ericsson Radio System and a virtualized IP Multimedia Subsystem (vIMS)...
Press Invitation: Ericsson Capital Markets Day 2017
STOCKHOLM, Oct. 24, 2017 /PRNewswire/ -- * Management presentations in New York on November 8, 2017, from 9am EST * Live webcast between 9am and 4pm EST Ericsson (NASDAQ: ERIC) will hold its Capital Markets Day onNovember 8, 2017 in New York, New York. You are welcome to join Ericsson's manag...
Ericsson Reports Third Quarter Results 2017
STOCKHOLM, Oct. 20, 2017 /PRNewswire/ -- THIRD QUARTER HIGHLIGHTS * Reported sales decreased by -6% YoY. Sales adjusted for comparable units and currency declined by -3%. * Networks sales declined by -4% YoY. Sales adjusted for comparable units, currency and the rescoped managed services cont...
5G Readiness on the Rise
WASHINGTON, Oct. 12, 2017 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) has released the 5G Readiness Survey 2017. The report shows that many operators have accelerated preparations for the new technology and trials are being carried out by 78 percent of the respondents. Furthermore, 28 percent of the ...
