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 Capital Markets Day 2022
* Committed to reaching lower end of long-term target of 15-18% EBITA margin and generating Free Cash Flow before M&A of 9%-12% of sales by 2024 * Acceleration of initiatives to reduce costs by SEK 9 b. (around USD 0.9 b) by end of 2023 * In addition to the recently signed agreement, IPR r...
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...
Changes to Ericsson's Nomination Committee
STOCKHOLM, Dec. 10, 2022 /PRNewswire/ -- Effective December 9, 2022, Niko Pakalén will replace Jonas Synnergren as representative for Cevian Capital Partners Limited in Ericsson's (NASDAQ: ERIC) Nomination Committee. The Nomination Committee now consists of: * Johan Forssell, Investor AB; ...
Ericsson and Apple sign global patent license agreement
* Agreement includes global cross-license for patented cellular standard-essential technologies and grants certain other patent rights. * Settlement ends all ongoing patent-related legal disputes between the parties. * Including effects of the settlement, and including ongoing IPR business ...
Aeris to acquire IoT business from Ericsson
* Ericsson's IoT Accelerator and Connected Vehicle Cloud businesses and related assets to be transferred to Aeris. * Through the transaction, Aeris will become a market leader in IoT with strong synergies to create an unparalleled IoT offering for enterprises and new revenue streams for commu...
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...
Invitation to Ericsson's Capital Markets Day 2022
STOCKHOLM, Oct. 25, 2022 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) has the pleasure of inviting investors, financial analysts and media representatives to its Capital Markets Day onDecember 15, 2022. The Capital Markets Day will be held as a physical event in New York and the presentations will al...
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 publishes restated segment financials
* Ericsson has published restated segment financials for 2020 full year, 2021 by quarter and 2022 Q1 and Q2 following the changed reporting structure as of Q3 2022 * Conference call with CFO Carl Mellander for financial analysts, investors and journalists at3:00 PM CEST, September 20, 2022 ST...
Save the date for Ericsson's Capital Markets Day on 15 December 2022
STOCKHOLM, Sept. 14, 2022 /PRNewswire/ -- Ericsson will hold its 2022 Capital Markets Day inNew York City on Thursday 15 December 2022. The event will also be streamed live for those who cannot attend in person. The event will feature presentations from President and CEO Börje Ekholm and other m...
Invitation to conference call on restated segment financials
STOCKHOLM, Aug. 29, 2022 /PRNewswire/ -- * As previously announced Ericsson is as of Q3 2022 changing its reporting structure to reflect its new organization * Restated segment financials for 2022 first and second quarter, 2021 by quarter and 2020 full year will be publishedSeptember 20, at 8...
Ericsson completes acquisition of Vonage
* As of July 21, 2022, Vonage becomes wholly owned subsidiary of Ericsson * With Vonage on board, Ericsson will create a market for easy to adopt global network Application Program Interfaces ("APIs"); this will drive the next wave of digitalization * Ericsson will gen...
Ericsson receives regulatory approval to complete acquisition of Vonage
STOCKHOLM, July 15, 2022 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announced that it has received clearance from the Committee on Foreign Investments inthe United States (CFIUS) to complete its acquisition of Vonage Holdings Corp. (NASDAQ: VG) ("Vonage"). This represents the final requisite ...
Invitation to media and analyst briefing for Ericsson Q2 2022 report
* Report to be released at approximately 7:00 AM CEST on July 14, 2022 * One live video webcast for analysts, investors and journalists at 9:00 AM CEST STOCKHOLM, June 30, 2022 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the second quarter 2022 will be published at approxima...
Update on Ericsson's proposed acquisition of Vonage
STOCKHOLM, June 28, 2022 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) continues to work closely with the Committee on Foreign Investment inthe United States as it reviews its proposed acquisition of Vonage Holdings Corp. (NASDAQ: VG). The merger has cleared all other requisite foreign and US regulator...
Update on Ericsson engagement with U.S. authorities
STOCKHOLM, June 10, 2022 /PRNewswire/ -- As previously announced, Ericsson (NASDAQ: ERIC) has been engaged with authorities regarding the review and investigation of the Company's conduct inIraq. The United States Securities and Exchange Commission (SEC) has notified the Company that it has opene...
Ericsson changes Group structure and Executive Team to execute on growth strategy
* To capitalize on the convergence of software and services and deliver growth in the core business, a new Business Area Cloud Software and Services is introduced, combining Business Area Digital Services and Business Area Managed Services. Per Narvinger will head up the unit and will be a memb...
Ericsson's Nomination Committee appointed
STOCKHOLM, April 20, 2022 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) Nomination Committee for the Annual General Meeting 2023 has been appointed in accordance with the Instruction for the Nomination Committee resolved by the Annual General Meeting 2012. The Nomination Committee consists of: * ...
