Ericsson announces leadership changes to the Executive Team
* Niklas Heuveldop, currently Head of Market Area North America, is appointed new Head of Business Area Global Communications Platform and CEO of Vonage as of February 1, 2024 * Yossi Cohen, currently Head of Strategy, Technology, Marketing and Business Development within Market Area North Ame...
Ericsson reports fourth quarter and full-year results 2023
STOCKHOLM, Jan. 23, 2024 /PRNewswire/ -- Fourth quarter highlights – Solid EBITA and cash flow in a challenged market * Sales declined organically[1] by -17% YoY, driven by a -23% decline in Networks. Reported sales were down by -16% toSEK 71.9 b. * Gross income excluding restructuring cha...
Invitation to media and analyst briefing for Ericsson Q4 2023 report
* Report to be released at approximately 7:00 AM CET on January 23, 2024 * One live video webcast for analysts, investors, and journalists at 9:00 AM CET STOCKHOLM, Jan. 9, 2024 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the fourth quarter 2024 will be published at approxim...
AT&T to Accelerate Open and Interoperable Radio Access Networks (RAN) in the United States through new collaboration with Ericsson
STOCKHOLM, Dec. 5, 2023 /PRNewswire/ -- AT&T today announced plans to lead the United States in commercial scale open radio access network (Open RAN) deployment. This industry-leading move, in collaboration with Ericsson, will further the telecommunications industry efforts and build a more robus...
Changes to Ericsson's nomination committee
STOCKHOLM, Dec. 1, 2023 /PRNewswire/ -- Effective November 30, 2023, Bengt Kjell, AB Industrivärden, will replace Karl Åberg, AB Industrivärden, in Ericsson's (NASDAQ: ERIC) Nomination Committee. The Nomination Committee now consists of: * Johan Forssell, Investor AB; * Bengt Kjell, AB Indus...
Ericsson Mobility Report: Resilient 5G uptake - global mobile data traffic set to triple in six years
* Global 5G subscriptions forecast to top 5.3 billion by the end of 2029 * Continued strong surge in global average data consumption per smartphone - predicted to increase from 21GB/month to 56GB/month between 2023 and 2029 * 85 percent of the global population to have ...
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...
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...
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 ...
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...
Ericsson and the Government of Canada to invest more than CAD 470 million in R&D centres
* Canadian Prime Minister Justin Trudeau, Minister of Innovation, Science and Industry, François-Philippe Champagne, attend Ottawa announcement alongside Ericsson President and CEO, Börje Ekholm * Scope of the program is expected to create and upskill hundreds of jobs over the next five years...
