NASDAQ:ERIC

Ericsson Reaches Resolution on U.S. FCPA Investigations

 - Ericsson has entered into a three-year Deferred Prosecution Agreement (DPA) with the U.S. Department of Justice (DOJ) to resolve criminal charges related to violations of the FCPA. This relates to accounting violations of the FCPA in five countries including inDjibouti where there is also a ch...

2019-12-09 09:15 3685

Ericsson Comments on Press Coverage About the Resolution of Ongoing U.S. FCPA Investigations

STOCKHOLM, Dec. 5, 2019 /PRNewswire/ -- As previously disclosed, Ericsson (NASDAQ: ERIC) is in discussions with the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) regarding the resolution of their investigations of the Company's compliance with the U.S. Foreign ...

2019-12-05 17:41 4688

Ericsson Mobility Report: 5G Subscriptions to Top 2.6 Billion by End of 2025

WASHINGTON, Nov. 25, 2019 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) expects the global number of 5G subscriptions to top 2.6 billion within the next six years, driven by sustained momentum and a rapidly developing 5G ecosystem. The forecast is included in theNovember 2019 edition of the Ericson Mob...

2019-11-25 17:31 2907

Zain Selects Ericsson for 5G in Bahrain

WASHINGTON, Nov. 11, 2019 /PRNewswire/ -- * Ericsson to deploy 3GPP standards-based 5G New Radio (NR) and core network * 5G introduction will create a powerful platform for innovation in Bahrain * Subscribers to benefit from a network equipped for next-generation mobile services Zain has se...

2019-11-11 17:12 2549

Korea's LG U+ Selects Ericsson as a 5G RAN and 5G Core Vendor

WASHINGTON, Oct. 18, 2019 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) has been selected by Korean communication service provider LG U+ as a 5G radio access network (RAN) vendor for its 3.5 GHz Non-Standalone (NSA) 5G network. Ericsson has already been selected by LG U+ as a preferred 5G core network ...

2019-10-18 13:36 5828

Ericsson Reports Third Quarter Results 2019

STOCKHOLM, Oct. 17, 2019 /PRNewswire/ -- Third quarter highlights   * Sales were SEK 57.1 (53.8) b. Sales adjusted for comparable units and currency increased by 3% driven by strong growth inNorth America and North East Asia. Reported sales grew by 6%. * Operating income was impacted by cos...

2019-10-17 14:09 10308

Telia Norway selects Ericsson as Sole 5G RAN Provider

WASHINGTON, Oct. 8, 2019 /PRNewswire/ -- * As 5G partner and sole RAN vendor, this contract will allow Ericsson to enable nationwide 5G inTelia Norway's next-generation network by 2023 * Ericsson Radio System hardware and software, including Ericsson Spectrum Sharing and 5G New Radio (NR), to...

2019-10-08 18:52 6010

Invitation to Media and Analyst Briefings for Ericsson Q3 2019 Report and Investor Update

STOCKHOLM, Oct. 3, 2019 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the third quarter of 2019 will be published at approximately7:00 AM CEST on October 17, 2019. The company will issue a press release with the complete financial report attached, including tables, in PDF format...

2019-10-03 16:13 8608

Ericsson Completes Acquisition of Kathrein's Antenna and Filter Business

Welcomes employees in R&D, production and sales to its Networks business Expands the Ericsson Radio System portfolio with new products and strengthens its antenna in-house competences and capabilities Complements Ericsson's strong base in Europe STOCKHOLM, Oct. 2, 2019 /PRNewswire/ -- Ericsson (...

2019-10-02 23:36 14102

Ericsson and KDDI to Deploy 5G Network

WASHINGTON, Sept. 30, 2019 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) has been selected by communications service provider KDDI as the primary 5G vendor for next-generation network deployment inJapan. KDDI expects the first commercial live 5G services to be available fromMarch 2020, with more than 9...

2019-09-30 14:34 9265

Ericsson Estimates Costs for Resolving Investigations by U.S. Authorities at SEK 12 b. and Makes Provision in Third Quarter

STOCKHOLM, Sept. 26, 2019 /PRNewswire/ -- As previously disclosed, Ericsson (NASDAQ: ERIC) has been co-operating voluntarily since 2013 with an investigation by the United States Securities and Exchange Commission (SEC) and, since 2015, with an investigation by the United States Department of Ju...

2019-09-26 11:05 5112

Ericsson Automated Smart Factory Operational in China

WASHINGTON, United States, Sept. 17, 2019 /PRNewswire/ -- September 2019 marks a major milestone in Ericsson's (NASDAQ: ERIC) smart manufacturing capabilities as aSEK 500 million transformation of the company's existing factory in Nanjing, China, reaches its conclusion. The resulting automated fac...

2019-09-17 14:32 5978

Ericsson Announces Changes to the Executive Team

STOCKHOLM, Aug. 22, 2019 /PRNewswire/ -- Effective September 1, 2019, Fadi Pharaon is appointed Senior Vice President and Head of Market Area Middle East & Africa at Ericsson (NASDAQ: ERIC), and member of Ericsson's Executive Team, reporting to the CEO. Fadi Pharaon currently holds the position as...

2019-08-22 15:08 6055

Ericsson Reports Second Quarter Results 2019

STOCKHOLM, July 17, 2019 /PRNewswire/ -- Second quarter highlights   * Sales were SEK 54.8 (49.8) b. Sales adjusted for comparable units and currency increased by 7% driven by growth in Networks inNorth America and North East Asia. Reported sales grew by 10%. * Gross margin was 36.6% (34.8%)...

2019-07-17 14:51 12323

DIGI | RCS & RDS and Ericsson go Live With 5G Mobile Service in Romania

WASHINGTON, June 27, 2019 /PRNewswire/ -- Ericsson (NASDAQ:ERIC) and RCS&RDS (DIGI) have launchedRomania's first 5G commercial service in the busiest parts ofBucharest, where 5G can really make a difference by providing increased speeds for mobile broadband to businesses and consumers. DIGI | RC...

2019-06-27 20:18 8853

Ericsson Extends Global Supply Chain With Company's First Smart Factory in the U.S.

WASHINGTON, June 26, 2019 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) announced plans to build its first fully-automated smart factory in the US. The state-of-the-art factory will produce Advanced Antenna System* radios to boost network capacity and coverage, including rural coverage, as well as 5G r...

2019-06-26 15:33 13907

GCI Selects Ericsson for 5G Rollout in Alaska

WASHINGTON, June 19, 2019 /PRNewswire/ -- * Deployment includes Ericsson's 3GPP standards-based 5G New Radio (NR) hardware and software to macro cell sites across the Municipality ofAnchorage * Consumers benefit from faster speeds and better coverage, while new wireless functionality will ac...

2019-06-19 06:30 7167

Ericsson Launches Enhanced 5G Deployment Options

WASHINGTON, June 17, 2019 /PRNewswire/ -- * Cutting-edge Standalone New Radio (NR) software enables super-fast response times, and a new feature to rapidly extend 5G coverage * New high-capacity Massive MIMO radios to cost-efficiently build 5G performance and coverage  * Powerful edge solut...

2019-06-17 15:31 4809

Ericsson Mobility Report: 5G Uptake Even Faster Than Expected

WASHINGTON, June 11, 2019 /PRNewswire/ -- Rapid early momentum and enthusiasm for 5G has led Ericsson (NASDAQ: ERIC) to forecast an extra 400 million enhanced mobile broadband subscriptions globally by the end of 2024. TheJune 2019 edition of the Ericsson Mobility Report forecasts 1.9 billion 5G ...

2019-06-11 16:34 6245

Ericsson and Intellectual Ventures Sign License Agreement

STOCKHOLM, June 10, 2019 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) and Intellectual Ventures have signed a license agreement ending all patent infringement lawsuits between the companies, including a lawsuit that went to trial earlier this year and resulted in aUSD 43 million jury verdict for Inte...

2019-06-10 15:49 6367
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