Ericsson Concludes Strategic Review of Media Solutions and Red Bee Media
STOCKHOLM, Jan. 31, 2018 /PRNewswire/ -- Ericsson (NASDAQ:ERIC) has concluded the review of strategic opportunities for its Media business – Media Solutions and Red Bee Media – which was initiated in conjunction with the announcement of the company's focused business strategy onMarch 28, 2017. In...
Ericsson Reports Fourth Quarter and Full Year Results 2017
STOCKHOLM, Jan. 31, 2018 /PRNewswire/ -- FOURTH QUARTER HIGHLIGHTS * Reported sales decreased by -12%. Sales adjusted for comparable units and currency declined by -7% YoY, partly due to lower LTE sales in Mainland China, as expected. * As earlier communicated, write-down of assets was made ...
Ericsson Strengthens Focus on Innovation and Makes Changes to Executive Team
STOCKHOLM, Jan. 31, 2018 /PRNewswire/ -- * A new Business Area Emerging Business is created to strengthen focus on innovation and new business development to benefit both our customers and Ericsson. Åsa Tamsons is appointed head of Business Area Emerging Business and member of the Ericsson Exe...
Invitation to Media and Analyst Briefings for Ericsson Q4 and Full-year 2017 Report
- Report to be released at approximately 0730 CET on January 31, 2018 - Press briefing with webcast starts at 0900 CET - Conference call for analysts, investors and journalists starts at 1400 CET STOCKHOLM, Jan. 23, 2018 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the fourth ...
Press Invitation: Ericsson at Mobile World Congress 2018
STOCKHOLM, Jan. 18, 2018 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) welcomes media representatives for its activities at Ericsson booth, the do zone at Mobile World Congress 2018. (Hall 2,Fira Gran Via, Barcelona, Spain) On Monday, 26 February at 08.30 you are invited to join our media & analyst ...
Ericsson 5G Radio Dot Gives Big Boost to Indoor Coverage
WASHINGTON, Jan. 17, 2018 /PRNewswire/ -- With mobile data traffic surging by eight times and 1 billion 5G subscriptions expected by the end of 2023, mobile operators must meet consumer and enterprise demand for applications such as4K/8K video streaming, virtual reality/augmented reality, and imm...
Ericsson: Consumers' 5G Wish List Outlines Action Plan for Operators
WASHINGTON, Jan. 16, 2018 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today presentedTowards a 5G consumer future -- its Consumer and Industry Insight report that discusses the six calls to action from consumers that operators need to act upon to provide a foundation for adoption of 5G technology. T...
Ericsson - Non-cash Charge From Concluded Impairment and Revaluated U.S. Tax Assets
STOCKHOLM, Jan. 16, 2017 /PRNewswire/ -- * Impairment testing, announced in conjunction with restated numbers according to new segment structureDecember 8, 2017, is finalized resulting in SEK 14.2 b. write-down * Revaluation of U.S. deferred tax assets due to change in U.S. corporate income ...
Ericsson: Global Mobile Industry Leaders Achieve Multi-band 5G NR Interoperability
WASHINGTON, Dec. 21, 2017 /PRNewswire/ -- An important technology milestone based on the newly-approved NSA 5G NR standard has been achieved by a group of leading mobile communications companies. Ericsson (NASDAQ: ERIC) and Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated (NAS...
Ericsson Extends Fixed Wireless and Sky Muster™ Satellite Operations Partnership With NBN Co
WASHINGTON, Dec. 19. 2017 /PRNewswire/ --NBN Co has announced it will continue its fixed wireless and Sky Muster™ managed services partnership with Ericsson (NASDAQ: ERIC) through to 2020. Ericsson will continue to be responsible for nbn fixed wireless network operations, ground systems operatio...
Verizon Awards 5G Contract to Ericsson
WASHINGTON, Dec. 12, 2017 /PRNewswire/ -- Verizon has selected Ericsson (NASDAQ: ERIC) to provide networking equipment for their commercial 5G launch. Verizon will deploy the pre-standard 5G commercial radio network and the 5G Core network in select markets in second half of 2018. The companies ...
Ericsson: 2018 Hot Consumer Trends: Technology Turns Human
WASHINGTON, Dec. 11, 2017 /PRNewswire/ -- * Consumers expect technology interactions to be controlled by intonation, facial expression and body language * Earphones will become a 24/7 accessory, even when sleeping * 51 percent of Augmented Reality/Virtual Reality users believe artificial in...
Ericsson: Restated Segment Financials Published and Impairment Testing Begins
STOCKHOLM, Dec. 8, 2017 /PRNewswire/ --Restated segment financials As announced in April 2017, Ericsson (NASDAQ: ERIC) will start to report financials according to its new segments as of the fourth quarter 2017. To facilitate year-on-year comparisons, Ericsson today discloses the restated financ...
MBNL Extends Managed Services Deal With Ericsson
WASHINGTON, Dec. 5, 2017 * Network-sharing joint venture between Three and EE extends network managed services contract for a further two years fromJune 2018 to May 2020 * Ericsson remains responsible for central operations, network performance and optimization, field services and multi-vend...
Ericsson : First 5G Life Campus to Open in Belgium
WASHINGTON, Nov. 29, 2017 /PRNewswire/ -- * Ericsson and Corda Campus set up Belgian 5G Life Campus in Hasselt to test 5G technologies across a range of innovative applications * New 5G Life Campus to welcome Belgian industry players to develop 5G applications that benefit industry and societ...
Ericsson Predicts 1 Billion 5G Subscriptions in 2023
WASHINGTON, Nov 28, 2017 /PRNewswire/ -- * 5G will cover more than 20 percent of the global population six years from now, according to the latest Ericsson Mobility Report * Mobile data traffic continues to grow, primarily fueled by increased viewing of video content * LTE will be the domin...
Invitation to Webinar: Ericsson Mobility Report
STOCKHOLM, Nov. 23, 2017 /PRNewswire/ --The semi-annual Ericsson (NASDAQ: ERIC) Mobility Report delivers unmatched insights into the present and future of mobile technology usage as well as the proliferation of IoT and connected devices. Please join us for an exclusive one-hour webinar for the la...
Ericsson Broadcast and Media Services Becomes Red Bee Media
WASHINGTON, Nov. 9, 2017 /PRNewswire/ -- * Red Bee Media established as an independent services business dedicated to TV and media * Red Bee Media name and brand identity will roll out from November 9, 2017 * New separate business fully owned by Ericsson Ericsson (NASDAQ: ERIC) is renaming ...
Ericsson Capital Markets Day 2017
STOCKHOLM, Nov. 8, 2017 /PRNewswire/ -- * Update on company strategy, progress in strategy execution and planning assumptions going forward * Long term target of more than 12% operating margin, excluding restructuring, beyond 2020 * Robust plans in place with a target of sales of SEK 190 - ...
Swisscom Selects Ericsson as Strategic Supplier for Gigabit LTE and 5G
WASHINGTON, Nov. 8, 2017 /PRNewswire/ -- * Swisscom and Ericsson reaffirm their long-standing, strategic partnership by continuing to drive innovation in Gigabit LTE and 5G * Ericsson to provide complete digital transformation of Swisscom's network to nationwide Gigabit LTE and deployment of...
