Stockholm:ERICA

Ericsson Reports Fourth Quarter and Full-year Results 2019

STOCKHOLM, Jan. 24, 2020 /PRNewswire/ -- Fourth quarter highlights * Sales were SEK 66.4 (63.8) b. Sales growth was 1% adjusted for comparable units and currency. A reduction inNorth America was compensated by growth in other markets, primarily in theMiddle East and North East Asia. Reported sa...

2020-01-24 14:57 570

Ericsson Reaches Resolution on U.S. FCPA Investigations

 - Ericsson has entered into a three-year Deferred Prosecution Agreement (DPA) with the U.S. Department of Justice (DOJ) to resolve criminal charges related to violations of the FCPA. This relates to accounting violations of the FCPA in five countries including inDjibouti where there is also a ch...

2019-12-09 09:15 3811

Ericsson Comments on Press Coverage About the Resolution of Ongoing U.S. FCPA Investigations

STOCKHOLM, Dec. 5, 2019 /PRNewswire/ -- As previously disclosed, Ericsson (NASDAQ: ERIC) is in discussions with the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) regarding the resolution of their investigations of the Company's compliance with the U.S. Foreign ...

2019-12-05 17:41 4750

Ericsson Mobility Report: 5G Subscriptions to Top 2.6 Billion by End of 2025

WASHINGTON, Nov. 25, 2019 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) expects the global number of 5G subscriptions to top 2.6 billion within the next six years, driven by sustained momentum and a rapidly developing 5G ecosystem. The forecast is included in theNovember 2019 edition of the Ericson Mob...

2019-11-25 17:31 2961

Korea's LG U+ Selects Ericsson as a 5G RAN and 5G Core Vendor

WASHINGTON, Oct. 18, 2019 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) has been selected by Korean communication service provider LG U+ as a 5G radio access network (RAN) vendor for its 3.5 GHz Non-Standalone (NSA) 5G network. Ericsson has already been selected by LG U+ as a preferred 5G core network ...

2019-10-18 13:36 5890

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...

2019-10-17 14:09 10343

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...

2019-10-03 16:13 8656

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...

2019-09-30 14:34 9309

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...

2019-09-26 11:05 5151

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...

2019-09-17 14:32 6022

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...

2019-08-22 15:08 6078

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%)...

2019-07-17 14:51 12359

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...

2019-06-27 20:18 8885

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...

2019-06-26 15:33 13931

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...

2019-06-17 15:31 4832

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...

2019-06-10 15:49 6390

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 ...

2019-06-04 15:32 8912

Ericsson's Nomination Committee Appointed

STOCKHOLM, April 26, 2019 /PRNewswire/ -- Ericsson's (NASDAQ:ERIC) Nomination Committee for the Annual General Meeting 2020 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...

2019-04-26 15:25 3888

Ericsson Reports First Quarter Results 2019

STOCKHOLM, April 17, 2019 /PRNewswire/ -- First quarter highlights   * Sales were SEK 48.9 (43.4) b. Sales adjusted for comparable units and currency increased by 7% driven by strong growth inNorth America. Reported sales grew by 13%. * Gross margin was 38.4% (34.2%) driven by improvements in...

2019-04-17 14:12 10595

Invitation to Media and Analyst Briefings for Ericsson Q1 2019 Report

STOCKHOLM, April 3, 2019 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the first quarter of 2019 will be published at approximately07:30 CEST on April 17, 2019. The company will issue a press release with the complete financial report attached, including tables, in PDF format. ...

2019-04-03 16:10 5941
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