Börje Ekholm Addresses Shareholders Before Today's AGM
STOCKHOLM, March 31, 2020 /PRNewswire/ -- Due to the Coronavirus crisis, Ericsson's (NASDAQ: ERIC) Annual General Meeting 2020 (AGM) is changed in scope. To enable shareholders to follow the meeting remotely, Ericsson will propose to have the meeting available via live webcast atwww.ericsson.com....
Ericsson Annual Report on Form 20-F filed with the SEC
STOCKHOLM, March 20, 2020 /PRNewswire/ -- On March 19, 2020, Ericsson (NASDAQ:ERIC) filed its Annual Report on Form 20-F for the year endedDecember 31, 2019 with the U.S. Securities and Exchange Commission (SEC). The Annual Report is available on Ericsson's website at https://www.ericsson.com/en...
Update on Ericsson's Annual General Meeting 2020 Addressing the Corona Virus
* Ericsson plans to hold its Annual General Meeting of shareholders 2020 as scheduled at 3:00 pm CEST onMarch 31, 2020, but takes precautionary measures * Due to the current circumstances, the President and CEO Borje Ekholm will not attend in person, but will participate via link * Ericsson ...
Ericsson Annual Report 2019 Published
STOCKHOLM, March 3, 2020 /PRNewswire/ -- The Ericsson (NASDAQ: ERIC) Annual Report for 2019 is now available on the Ericsson web site. For more details, please visit:https://www.ericsson.com/en/investors To download the Annual Report 2019: https://www.ericsson.com/en/investors/financial-reports...
Invitation to Ericsson's Annual General Meeting 2020
STOCKHOLM, Feb. 21, 2020 /PRNewswire/ -- The Annual General Meeting of shareholders of Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) will be held on Tuesday, March 31, 2020, at 3 p.m. at Kistamassan, Arne Beurlings Torg 5, Kista/ Stockholm. The Nomination Committee proposes among other things: ...
Ericsson Withdraws From MWC Barcelona 2020
STOCKHOLM, Feb. 7, 2020 /PRNewswire/ -- * Ericsson's responsibility for the health and safety of employees, customers and other stakeholders is the company's top priority * Due to the outbreak of the novel corona virus Ericsson has taken the decision to withdraw from the industry event GSMA M...
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...
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...
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 ...
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...
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 ...
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...
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 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%)...
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...
