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...
Bharti Airtel Selects Ericsson's 5G-Ready Cloud Packet Core to Boost Network Performance
* Bharti Airtel's Core network to be enhanced with the deployment of Ericsson Cloud Packet Core * Deployment will address Bharti Airtel customers' growing data usage * Will enable Bharti Airtel to quickly introduce new services for customers, while maintaining high performance network requir...
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%)...
Vodafone Goes Live With Ericsson 5G Technology in London
- Partnership includes Ericsson Radio System installed base - Ericsson Spectrum Sharing enables extended 5G coverage on existing LTE spectrum WASHINGTON, July 3, 2019 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) 5G technology leadership was at the heart of Vodafone UK's launch of 5G for consumer a...
Invitation to Media and Analyst Briefings for Ericsson Q2 2019 Report
STOCKHOLM, July 3, 2019 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the second quarter of 2019 will be published at approximately07:30 CEST on July 17, 2019. The company will issue a press release with the complete financial report attached, including tables, in PDF format. F...
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...
Telkomsel Indonesia to Deploy Ericsson Core in Preparation for 5G
WASHINGTON, June 13, 2019 /PRNewswire/ -- * Virtualized Evolved Packet Core and Ericsson Cloud Packet Core solutions to be deployed * Ericsson's NFVI solution to enable Telkomsel to prepare for 5G and IoT use cases for enterprises * Telkomsel benefits to include scalable software architectu...
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 ...
