Ericsson to utilize mandate to transfer shares
STOCKHOLM, Feb. 16, 2024 /PRNewswire/ -- Ericsson's (NASDAQ:ERIC) annual general meeting onMarch 29, 2023 authorized the company's board of directors to resolve on the transfer of the company's own shares. Under the authorization the company may, in conjunction with the delivery of vested shares ...
Ericsson appoints Chafic Nassif Head of Market Area North East Asia
* Effective as of February 26, 2024 * Becomes member of Ericsson's Executive Team, reporting to the CEO STOCKHOLM, Jan. 29, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announces the appointment ofChafic Nassif as its new Head of Market Area North East Asia and Senior Vice President. M...
Ericsson signs funding agreements with the European Investment Bank
* Ericsson has signed two 7-year funding agreements with the European Investment Bank (EIB) for a total ofEUR 420 million * The loans will finance parts of Ericsson's R&D investments in wireless technology up to 2025 * The R&D investments are an important contributor into Ericsson's overall ...
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...
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 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...
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...
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 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 Mobility Report Business Review edition: 5G drives revenue growth
* Communications Service Providers in Top 20 5G markets enjoying revenue growth * Enhanced Mobile broadband and Fixed Wireless Access proving popular early use cases * Cloud gaming, enterprise and industrial deployments gaining momentum STOCKHOLM, Feb. 7, 2023 /PRNewswire/ -- New research f...
Ericsson presents a Green Financing Framework
* The Green Financing Framework is established to enable financing of investments in energy efficient technologies, such as 4G, 5G and future 6G, and renewable energy. * The framework has been developed in accordance with current market best practices and verified by leading independent secon...
Ericsson Announces Extension of Compliance Monitorship
STOCKHOLM, Dec. 15, 2022 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) announces that it has agreed with the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) to extend the term of the Company's Independent Compliance Monitor for one year, toJune 2024. In 2019 Ericsson ente...
Major boost for Australia's digital backbone as NBN Co selects Ericsson for Fixed Wireless Access network upgrade
* Ten-year partnership extension spans 4G and 5G next-generation solutions * Ericsson radio access network and microwave transport solutions to empower upgrade * Hundreds of thousands of homes and businesses to benefit by end-2024 STOCKHOLM, Nov. 30, 2022 /PRNewswire/ -- Australia's National...
Ericsson Mobility Report: Global 5G growth amid macroeconomic challenges
STOCKHOLM, Nov. 30, 2022 /PRNewswire/ -- * 5G continues to scale faster than any previous mobile generation * 5G mobile subscriptions expected to reach five billion by the end of 2028 * Fixed Wireless Access forecast increased and now estimated to top 300 million connections within six years...
Ericsson report highlights potential economic benefits of 5G in emerging markets
* Comprehensive Analysys Mason study spans 15 countries in Asia, Africa and Latin America * Potential GDP economic benefits vastly outweigh investment costs * Governments, regulators and policy makers play a key enabling role * Countries also set to benefit from environmental and social inc...
Ericsson reports third quarter results 2022
STOCKHOLM, Oct. 20, 2022 /PRNewswire/ -- Third quarter highlights * Group organic sales[1] grew by 3% YoY driven primarily by Networks in North America. Reported sales were SEK 68.0 (56.3) b., of which Vonage contributed SEK 2.9 b. since July 21. * Gross income increased to SEK 28.1 (24.8) ...
Ericsson partners with Jio to build India's first 5G Standalone network to achieve India's digital leadership
STOCKHOLM, Oct. 17, 2022 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) has entered into a long-term strategic 5G contract with Indian communications service provider (CSP) Reliance Jio Infocomm Ltd. (Jio) to roll out 5G Standalone (SA) in the country. The announcement follows the allocation of 5G spec...
