Ericsson to acquire Vonage for USD 6.2 billion to spearhead the creation of a global network and communication platform for open innovation
- Ericsson enters into agreement for USD 6.2 billion cash offer to acquire Vonage, a global provider of cloud-based communications, with unanimous approval of the Vonage Board of Directors - Acquisition underlines Ericsson strategy to expand its presence in wireless enterprise and broaden its gl...
One million schools mapped: UNICEF and ITU's Giga initiative, with support from Ericsson, reaches milestone towards connecting every school to the internet
KISTA, Sweden, Oct. 28, 2021 /PRNewswire/ -- One year after Ericsson entered a global partnership with UNICEF to support the Giga Initiative's school connectivity mapping efforts, the initiative has reached a major milestone in mapping the location and connectivity status of one million schools. ...
Update on Deferred Prosecution Agreement
STOCKHOLM, Oct. 22, 2021 /PRNewswire/ -- On December 6, 2019, Ericsson (NASDAQ: ERIC) entered into a Deferred Prosecution Agreement (DPA) with the United States Department of Justice (DOJ). Ericsson has received correspondence from the DOJ stating that it has determined that Ericsson breached its...
Ericsson reports third quarter results 2021
STOCKHOLM, Oct. 19, 2021 /PRNewswire/ -- Third quarter highlights * Group organic sales declined by -1% YoY. Sales in Mainland China in Networks and Digital Services declined bySEK -3.6 b. impacting the growth rate by -6%. Some impact was seen from disturbances in the supply chain. Reported sa...
Invitation to media and analyst briefing for Ericsson Q3 2021 report
STOCKHOLM, Oct. 5, 2021 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the third quarter 2021 will be published at approximately7:00 AM CEST onOctober 19, 2021. The company will issue a press release with the complete financial report attached, including tables, in PDF format. ...
Ericsson signs USD 2 billion sustainability-linked revolving credit facility
- USD 2 billion sustainability-linked revolving credit facility signed - Transaction underlines the confidence in Ericsson's financial and sustainable performance STOCKHOLM, Sept. 30, 2021 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) has signed a USD 2 billion sustainability-linked revolving credit fa...
Ericsson to support Malaysia's digital transformation through nationwide 5G deployment
KISTA, Sweden, Sept. 28, 2021 /PRNewswire/ -- * Ericsson enters 10-year partnership with Digital Nasional Berhad (DNB) to deliver a nationwide 5G single wholesale network forMalaysia * 5G to accelerate Malaysia's digital transformation and Industry 4.0 * Ericsson to provide end-to-end 5G, c...
Ericsson awarded reduced market share by China Mobile
- Ericsson share for China Mobile CP for 700MHz radio award is 2% - Decision reflects earlier market guidance in connection with global risk factors STOCKHOLM, July 20, 2021 /PRNewswire/ -- Following a review of bids in the CP for 700MHz radio round ofChina's 5G network development, Ericsson has...
Ericsson reports second quarter results 2021
STOCKHOLM, July 16, 2021 /PRNewswire/ -- Second quarter highlights * Group organic sales grew by 8% YoY, despite a sales decline in Mainland China ofSEK -2.5 b. YoY and an IPR revenue decline of SEK -0.5 b. YoY. Reported sales wereSEK 54.9 (55.6) b. * Gross margin excl. restructuring charge...
Invitation to media and analyst briefing for Ericsson Q2 2021 report
- Report to be released at approximately 7:00 AM CEST on July 16, 2021 - One live video webcast for analysts, investors and journalists at 9:00 AM CEST STOCKHOLM, July 6, 2021 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the second quarter 2021 will be published at approximat...
Ericsson Mobility Report: More than half a billion 5G subscriptions by the end of 2021
KISTA, Sweden, June 16, 2021 /PRNewswire/ -- * 5G remains on track to become the fastest adopted mobile generation in history with subscriptions increasing at a rate of about a million per day * China, North America and the Gulf Cooperation Council markets are leading the way on subscriber nu...
New report: Connecting schools has the potential to boost GDP by up to 20 percent in the least connected nations
KISTA, Sweden, June 15, 2021 /PRNewswire/ -- * Economist Intelligence Unit (EIU) report - Connecting Learners: Narrowing the Educational Divide - highlights four key areas for multi-sector collaboration * Ericsson is an early funder and Global UNICEF partner for school connectivity mapping ...
Ericsson updates risk factors for Euro corporate bond prospectus
STOCKHOLM, May 24, 2021 /PRNewswire/ -- As previously disclosed by Ericsson (NASDAQ: ERIC) in its Q4 2020 financial report and in its 2020 annual report, there is a risk that the decision by the Post and Telecommunication Authority (PTS) to exclude Chinese vendors' products from the 5G auction in...
Ericsson announces settlement with impact in second quarter 2021
- Settlement with Nokia of EUR 80 m (SEK 0.8 b equivalent) related to 2019 resolution with the U.S. authorities - Impact of EUR 80 m on EBIT and EUR 26 m on cashflow in Q2 2021 STOCKHOLM, May 12, 2021 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) has reached an agreement with Nokia for settling a dam...
Ericsson and Samsung sign global patent license agreement
STOCKHOLM, May 7, 2021 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) and Samsung have reached a multi-year agreement on global patent licenses between the two companies, including patents relating to all cellular technologies. The cross-license agreement covers sales of network infrastructure and hands...
Ericsson reports first quarter results 2021
STOCKHOLM, April 21, 2021 /PRNewswire/ -- First quarter highlights * Sales adjusted for comparable units and currency grew by 10% YoY despite SEK -1.6 b. lower IPR licensing revenues YoY and four of the five market areas showed double-digit growth. Reported sales wereSEK 49.8 (49.8) b. * Gros...
Ericsson's Nomination Committee appointed
STOCKHOLM, April 19, 2021 /PRNewswire/ -- Ericsson's (NASDAQ:ERIC) Nomination Committee for the Annual General Meeting 2022 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...
Invitation to media and analyst briefing for Ericsson Q1 2021 report
- Report to be released at approximately 7:00 AM CEST on April 21, 2021 - One live video webcast for analysts, investors and journalists at 9:00 AM CEST STOCKHOLM, April 12, 2021 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the first quarter 2021 will be published at approxim...
New Ericsson Open Lab to drive network virtualization technologies
* Launched today, Ericsson Open Lab has a global focus on innovating virtualized 5G Radio Access Networks (RAN) technologies * Ericsson Open Lab is a virtual and physical space for fast and interactive collaboration and co-creation with communications service providers and ecosystem partners ...
Ericsson's Annual General Meeting 2021
STOCKHOLM, March 30, 2021 /PRNewswire/ -- Telefonaktiebolaget LM Ericsson's (NASDAQ: ERIC) Annual General Meeting (AGM) was held onMarch 30, 2021. Due to the COVID-19 pandemic, the AGM 2021 was conducted without the physical presence of shareholders, representatives and third parties and the shar...
