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...
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...
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...
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%)...
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...
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...
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...
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...
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 ...
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...
Stella Medlicott Appointed Senior Vice President and Head of Marketing & Corporate Relations
- Effective as of June 10, 2019 - Member of Ericsson's Executive Team, reporting to CEO STOCKHOLM, June 4, 2019 /PRNewswire/ -- Effective June 10, 2019, Stella Medlicott is appointed Senior Vice President and Head of Group Function Marketing & Corporate Relations at Ericsson (NASDAQ: ERIC), and ...
Ericsson's Nomination Committee Appointed
STOCKHOLM, April 26, 2019 /PRNewswire/ -- Ericsson's (NASDAQ:ERIC) Nomination Committee for the Annual General Meeting 2020 has been appointed in accordance with the Instruction for the Nomination Committee resolved by the Annual General Meeting 2012. The Nomination Committee consists of: * J...
Ericsson Reports First Quarter Results 2019
STOCKHOLM, April 17, 2019 /PRNewswire/ -- First quarter highlights * Sales were SEK 48.9 (43.4) b. Sales adjusted for comparable units and currency increased by 7% driven by strong growth inNorth America. Reported sales grew by 13%. * Gross margin was 38.4% (34.2%) driven by improvements in...
Invitation to Media and Analyst Briefings for Ericsson Q1 2019 Report
STOCKHOLM, April 3, 2019 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the first quarter of 2019 will be published at approximately07:30 CEST on April 17, 2019. The company will issue a press release with the complete financial report attached, including tables, in PDF format. ...
Batelco and Ericsson to Launch 5G in Bahrain
* 5G to enhance the digital lives of people across Bahrain * Early benefits in mobile broadband coverage and user experience * Deal is the latest in a long and successful partnership between the companies WASHINGTON, April 1, 2019 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) has been selected by ...
Ericsson Annual Report on Form 20-F filed with the SEC
STOCKHOLM, March 30, 2019 /PRNewswire/ -- On March 29, 2019, Ericsson (NASDAQ: ERIC) filed its Annual Report on Form 20-F for the year endedDecember 31, 2018 with the U.S. Securities and Exchange Commission (SEC). The Annual Report is available on Ericsson's website at https://www.ericsson.com/e...
Ericsson's Annual General Meeting 2019
STOCKHOLM, March 28, 2019 /PRNewswire/ -- Telefonaktiebolaget LM Ericsson's (NASDAQ: ERIC) Annual General Meeting (AGM) was held onMarch 27, 2019 in Kista/ Stockholm. Dividend The proposed dividend of SEK 1 per share was approved by the AGM. The record day for dividend was set toFriday, March 29...
Börje Ekholm at Ericsson AGM: "Ericsson Leading the Way in 5G"
STOCKHOLM, March 28, 2019 /PRNewswire/ -- * Ericsson is leading the way in 5G commercialization * 2018 a year of financial turnaround, increased efficiency and customer centricity * Now turning to growth – selective, disciplined, and profitable Speaking at the Ericsson (NASDAQ: ERIC) Annual...
Ericsson Industry Connect: Accelerating Industry 4.0 Through Reliable Wireless Connectivity
WASHINGTON, March 26, 2019 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) has launched
Ericsson Industry Connect
Ericsson Wins 5G Commercial Deal With KT
WASHINGTON, March 21, 2019 /PRNewswire/ -- KT (formerly known as Korea Telecom) has awarded Ericsson (NASDAQ: ERIC) a 5G commercial contract to enable the nationwide launch of commercial 5G services in Korea starting earlyApril 2019. Korean operators have joined forces to target early April 2019 ...
