Ericsson Annual Report 2019 Published
STOCKHOLM, March 3, 2020 /PRNewswire/ -- The Ericsson (NASDAQ: ERIC) Annual Report for 2019 is now available on the Ericsson web site. For more details, please visit:https://www.ericsson.com/en/investors To download the Annual Report 2019: https://www.ericsson.com/en/investors/financial-reports...
Invitation to Ericsson's Annual General Meeting 2020
STOCKHOLM, Feb. 21, 2020 /PRNewswire/ -- The Annual General Meeting of shareholders of Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) will be held on Tuesday, March 31, 2020, at 3 p.m. at Kistamassan, Arne Beurlings Torg 5, Kista/ Stockholm. The Nomination Committee proposes among other things: ...
Ericsson Withdraws From MWC Barcelona 2020
STOCKHOLM, Feb. 7, 2020 /PRNewswire/ -- * Ericsson's responsibility for the health and safety of employees, customers and other stakeholders is the company's top priority * Due to the outbreak of the novel corona virus Ericsson has taken the decision to withdraw from the industry event GSMA M...
Ericsson Reports Fourth Quarter and Full-year Results 2019
STOCKHOLM, Jan. 24, 2020 /PRNewswire/ -- Fourth quarter highlights * Sales were SEK 66.4 (63.8) b. Sales growth was 1% adjusted for comparable units and currency. A reduction inNorth America was compensated by growth in other markets, primarily in theMiddle East and North East Asia. Reported sa...
Ericsson Strengthens its 5G Research and Development with NIB
STOCKHOLM, Dec. 20, 2019 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) is announcing that it has signed an agreement for credit facility with the Nordic Investment Bank (NIB) forUSD 150 million, maturing in 2025. Of these new funds, 98 million will replace credit with NIB that was set to mature in 2021...
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...
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 ...
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...
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...
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 ...
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...
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...
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...
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 (...
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...
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...
