Ericsson: Update: Iraq media inquiries
STOCKHOLM, Feb. 16, 2022 /PRNewswire/ -- In the past week, Ericsson (NASDAQ: ERIC), has continued to receive detailed media inquiries from Swedish and international news outlets. Their interest pertains to information detailed in a 2019 internal investigation by the company, on conduct inIraq. ...
Ericsson: Comment regarding recent media inquiries
STOCKHOLM, Feb. 8, 2022 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) has received questions from media regarding past compliance related matters inIraq. It appears media will focus on the conduct of business in unstable regions where terrorist organizations and corruption are present and employees' sa...
Ericsson reports fourth quarter and full-year results 2021
STOCKHOLM, Jan. 25, 2022 /PRNewswire/ -- Fourth quarter highlights * Group organic sales grew by 2% YoY. Sales in Mainland China declined by SEK -1.8 b. (-3 percentage points), meaning that excluding Mainland China organic sales growth was 5%. Reported sales wereSEK 71.3 (69.6) b....
Invitation to media and analyst briefing for Ericsson Q4 and full year 2021 report
STOCKHOLM, Jan. 12, 2022 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the fourth quarter and full year of 2021 will be published at approximately7:00 AM CET on January 25, 2022. The company will issue a press release with the complete financial report attached, including tables...
Ericsson ConsumerLab: Ten Hot Consumer Trends 2030 - the hybrid mall
- Consumers expect hybrid mall experiences to be common by 2030 - Consumers could enjoy global experiences, interactions and social connections in a networked physical setting that is close to home. - AR glasses, waterproof VR glasses, haptic body suits and tactile gloves could all be part of co...
Ericsson pledges to support one million children and young people by 2025 with access to digital learning and skills
STOCKHOLM, Dec. 9, 2021 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announces a major new commitment to empower one million children and young people by 2025 through access to digital learning, tools, content and development programs. This commitment forms part of the World Economic Forum-align...
Ericsson Mobility Report: Mobile data traffic increased almost 300-fold over 10 years
KISTA, Sweden, Nov. 30, 2021 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) global insights reveal an almost 300-fold increase in mobile data traffic since 2011 - the year in which Ericsson Mobility Report was first published. The findings, based on current and historical network data, are included in t...
Ericsson to acquire Vonage for USD 6.2 billion to spearhead the creation of a global network and communication platform for open innovation
- Ericsson enters into agreement for USD 6.2 billion cash offer to acquire Vonage, a global provider of cloud-based communications, with unanimous approval of the Vonage Board of Directors - Acquisition underlines Ericsson strategy to expand its presence in wireless enterprise and broaden its gl...
One million schools mapped: UNICEF and ITU's Giga initiative, with support from Ericsson, reaches milestone towards connecting every school to the internet
KISTA, Sweden, Oct. 28, 2021 /PRNewswire/ -- One year after Ericsson entered a global partnership with UNICEF to support the Giga Initiative's school connectivity mapping efforts, the initiative has reached a major milestone in mapping the location and connectivity status of one million schools. ...
Update on Deferred Prosecution Agreement
STOCKHOLM, Oct. 22, 2021 /PRNewswire/ -- On December 6, 2019, Ericsson (NASDAQ: ERIC) entered into a Deferred Prosecution Agreement (DPA) with the United States Department of Justice (DOJ). Ericsson has received correspondence from the DOJ stating that it has determined that Ericsson breached its...
Invitation to media and analyst briefing for Ericsson Q3 2021 report
STOCKHOLM, Oct. 5, 2021 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the third quarter 2021 will be published at approximately7:00 AM CEST onOctober 19, 2021. The company will issue a press release with the complete financial report attached, including tables, in PDF format. ...
Ericsson signs USD 2 billion sustainability-linked revolving credit facility
- USD 2 billion sustainability-linked revolving credit facility signed - Transaction underlines the confidence in Ericsson's financial and sustainable performance STOCKHOLM, Sept. 30, 2021 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) has signed a USD 2 billion sustainability-linked revolving credit fa...
Ericsson to support Malaysia's digital transformation through nationwide 5G deployment
KISTA, Sweden, Sept. 28, 2021 /PRNewswire/ -- * Ericsson enters 10-year partnership with Digital Nasional Berhad (DNB) to deliver a nationwide 5G single wholesale network forMalaysia * 5G to accelerate Malaysia's digital transformation and Industry 4.0 * Ericsson to provide end-to-end 5G, c...
Ericsson awarded reduced market share by China Mobile
- Ericsson share for China Mobile CP for 700MHz radio award is 2% - Decision reflects earlier market guidance in connection with global risk factors STOCKHOLM, July 20, 2021 /PRNewswire/ -- Following a review of bids in the CP for 700MHz radio round ofChina's 5G network development, Ericsson has...
Ericsson reports second quarter results 2021
STOCKHOLM, July 16, 2021 /PRNewswire/ -- Second quarter highlights * Group organic sales grew by 8% YoY, despite a sales decline in Mainland China ofSEK -2.5 b. YoY and an IPR revenue decline of SEK -0.5 b. YoY. Reported sales wereSEK 54.9 (55.6) b. * Gross margin excl. restructuring charge...
Invitation to media and analyst briefing for Ericsson Q2 2021 report
- Report to be released at approximately 7:00 AM CEST on July 16, 2021 - One live video webcast for analysts, investors and journalists at 9:00 AM CEST STOCKHOLM, July 6, 2021 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the second quarter 2021 will be published at approximat...
Ericsson Mobility Report: More than half a billion 5G subscriptions by the end of 2021
KISTA, Sweden, June 16, 2021 /PRNewswire/ -- * 5G remains on track to become the fastest adopted mobile generation in history with subscriptions increasing at a rate of about a million per day * China, North America and the Gulf Cooperation Council markets are leading the way on subscriber nu...
New report: Connecting schools has the potential to boost GDP by up to 20 percent in the least connected nations
KISTA, Sweden, June 15, 2021 /PRNewswire/ -- * Economist Intelligence Unit (EIU) report - Connecting Learners: Narrowing the Educational Divide - highlights four key areas for multi-sector collaboration * Ericsson is an early funder and Global UNICEF partner for school connectivity mapping ...
Ericsson updates risk factors for Euro corporate bond prospectus
STOCKHOLM, May 24, 2021 /PRNewswire/ -- As previously disclosed by Ericsson (NASDAQ: ERIC) in its Q4 2020 financial report and in its 2020 annual report, there is a risk that the decision by the Post and Telecommunication Authority (PTS) to exclude Chinese vendors' products from the 5G auction in...
Ericsson announces settlement with impact in second quarter 2021
- Settlement with Nokia of EUR 80 m (SEK 0.8 b equivalent) related to 2019 resolution with the U.S. authorities - Impact of EUR 80 m on EBIT and EUR 26 m on cashflow in Q2 2021 STOCKHOLM, May 12, 2021 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) has reached an agreement with Nokia for settling a dam...
