Ericsson announces impairment charge of SEK 32 billion and provides update on Q3 earnings
* Non-cash impairment of SEK 32 billion in the third quarter 2023, relating to the impairment of goodwill attributed to the Vonage acquisition. * Vonage remains critical to the enterprise strategy and Ericsson's positive outlook on the potential of the Global Network Platform remains unchanged...
Ericsson ConsumerLab report highlights differentiated 5G connectivity opportunity for CSPs
* Twenty percent of 5G smartphone users willing to pay premium to CSPs for differentiated quality of service over 5G * 5G consumers three times more likely to switch provider because of poor connectivity experiences at major venues such as stadiums, arenas and airports ...
Ericsson takes leadership in industrializing Open RAN
* Ericsson will introduce support for open fronthaul across its Cloud RAN and radio portfolios starting in 2024 * More than one million Ericsson radios in the field are hardware-prepared for open fronthaul * Ericsson is driving the industry in all three areas of Open RAN architectures - clo...
Invitation to Ericsson quarterly sustainability and responsible business update
STOCKHOLM, Sept. 15, 2023 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) invites investors and financial analysts to a briefing session focused on sustainability and responsible business at Ericsson. The session will include presentations byHeather Johnsson, Head of Sustainability and Corporate Respons...
Ericsson works with AWS and Hitachi America R&D to showcase smart factory potential
* Collaboration focuses on real-time digital video, artificial intelligence (AI), and edge-to-cloud technologies across a private 5G wireless network * The successful collaboration demonstrates potential for advanced technological solutions that can improve operational efficiency, product qua...
Ericsson and Huawei renew global patent license agreement
STOCKHOLM, Aug. 25, 2023 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) and Huawei have renewed a multi-year global patent cross-licensing agreement that covers patents essential to standards relevant to the products of the parties, including 3G, 4G, and 5G cellular technologies. The agreement covers th...
Ericsson reports second quarter 2023
STOCKHOLM, July 14, 2023 /PRNewswire/ -- Second quarter highlights – In line with expectations * Group organic sales[1] declined by -9% YoY. Segment Networks sales[1] declined by -13%, while segment Enterprise sales[1] grew by 20%. Reported sales wasSEK 64.4 (62.5) b. * The sharp decline i...
Invitation to media and analyst briefing for Ericsson Q2 2023 report
* Report to be released at approximately 7:00 AM CEST on July 14, 2023 * One live video webcast for analysts, investors and journalists at 9:00 AM CEST STOCKHOLM, July 4, 2023 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the second quarter 2023 will be published at approximat...
Ericsson Mobility Report: Global 5G growth continues - India leading the way
* 5G mobile subscriptions are growing in every region and forecast to top 1.5 billion globally by the end of 2023 * Continued revenue growth in leading 5G markets * 5G continues to drive innovation in mobile service packaging STOCKHOLM, June 21, 2023 /PRNewswire/ -- Despite geopolitical c...
New number of shares and votes in Telefonaktiebolaget LM Ericsson
STOCKHOLM, May 31, 2023 /PRNewswire/ -- The total number of shares in Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) as ofMay 31, 2023, amounts to 3,344,151,735, of which 261,755,983 are A shares and 3,082,395,752 are B shares. The total number of votes is 569,995,558.2, of which the A shares re...
U.S. District Court dismisses securities claim against Ericsson
STOCKHOLM, May 25, 2023 /PRNewswire/ -- Yesterday, the U.S. District Court for the Eastern District ofNew York dismissed with prejudice the securities litigation against Ericsson (NASDAQ: ERIC) brought by certain shareholders. In its ruling, the court rejected in full the plaintiff's claims that ...
Nasdaq Stockholm closes review of 2019 Iraq report disclosures: Ericsson
STOCKHOLM, May 24, 2023 /PRNewswire/ -- Nasdaq Stockholm has concluded its review of Ericsson's (NASDAQ: ERIC) public disclosure obligations concerning its 2019 Iraq internal investigation report. In dismissing the matter, Nasdaq stated that it "cannot come to the conclusion that the content of ...
Invitation to Ericsson quarterly sustainability and responsible business update
STOCKHOLM, May 16, 2023 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) invites investors and financial analysts to a briefing session focused on sustainability and responsible business at Ericsson. The session will include presentations byHeather Johnsson, Head of Sustainability and Corporate Responsib...
Ericsson resolves on an acquisition offer for C shares for LTV II 2023, LTV 2022 and LTV 2021
STOCKHOLM, May 3, 2023 /PRNewswire/ -- In accordance with the resolutions by the Annual General Meeting 2023, Ericsson (NASDAQ: ERIC) expands its treasury stock in order to provide shares for the Long-Term Variable Compensation Programs LTV II 2023, LTV 2022 and LTV 2021 for Ericsson's executive ...
Ericsson's Nomination Committee appointed
STOCKHOLM, April 20, 2023 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) Nomination Committee for the Annual General Meeting 2024 has been appointed in accordance with the Instruction for the Nomination Committee resolved by the Annual General Meeting 2012. The Nomination Committee consists of: * ...
Ericsson reports first quarter results 2023
STOCKHOLM, April 18, 2023 /PRNewswire/ -- First quarter highlights – Executing in a challenging market * Group organic sales[1] were unchanged YoY. As expected, segment Networks organic sales[1] declined by -2%, driven by lower operator capex and inventory optimization among multiple customer...
Ericsson announces CFO transition
STOCKHOLM, April 18, 2023 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announced thatCarl Mellander, the Company's Chief Financial Officer, will step down at the end of the first quarter 2024. Mr. Mellander has been with Ericsson for over 25 years and has been a member of its Executive Team sinc...
Invitation to media and analyst briefing for Ericsson Q1 2023 report
* Report to be released at approximately 7:00 AM CEST on April 18, 2023 * One live video webcast for analysts, investors and journalists at 9:00 AM CEST STOCKHOLM, April 4, 2023 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the first quarter of 2023 will be published at appro...
Ericsson Annual Report on Form 20-F filed with the SEC
STOCKHOLM, Sweden, March 16, 2023 /PRNewswire/ -- On March 15, 2023, Ericsson (NASDAQ:ERIC) filed its Annual Report on Form 20-F for the year endedDecember 31, 2022, with the U.S. Securities and Exchange Commission (SEC). The Annual Report is available on Ericsson's website at https://www.ericss...
Ericsson Annual Report 2022 published
* The Annual Report 2022 available for download and printed version available for order * The Annual Report 2022 publication consists of Ericsson's Financial report 2022, the Corporate Governance Report 2022, the Remuneration Report 2022 and the Sustainability and Corporate Responsibility Rep...
