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Telefonaktiebolaget LM Ericsson (ERIC.OQ)

ERIC.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Ericsson Signs Credit Facility Agreement With The European Investment Bank
Thursday, 31 May 2018 

May 31 (Reuters) - Telefonaktiebolaget LM Ericsson ::SIGNS CREDIT FACILITY AGREEMENT WITH THE EUROPEAN INVESTMENT BANK.SAYS EUROPEAN INVESTMENT BANK HAS GRANTED ERICSSON A CREDIT FACILITY OF EUR 250 MILLION.SAYS FUNDING WILL SUPPORT RESEARCH AND DEVELOPMENT ACTIVITIES FOR 5G AND EXTEND DEBT MATURITY PROFILE.  Full Article

Crowdsoft Technology: Flowscape Enters Five-Year Agreement With Ericsson
Monday, 21 May 2018 

May 21 (Reuters) - Crowdsoft Technology Ab ::FLOWSCAPE ENTERS FIVE-YEAR AGREEMENT WITH ERICSSON.ACCORDING TO AGREEMENT, ERICSSON OFFERS FLOWSCAPE PRODUCTS IN ITS SMART BUILDING OFFERING TO TELECOM OPERATORS WORLDWIDE.ASSESSMENT IS THAT THE COOPERATION WILL BEGIN TO AFFECT FLOWSCAPE'S SALES IN 2019.  Full Article

RCom Says Awaiting Detailed Order From NCLT After Court Admits Ericsson's Insolvency Plea
Tuesday, 15 May 2018 

May 15 (Reuters) - Reliance Communications Ltd ::SAYS AWAITING DETAILED ORDER FROM INDIA'S BANKRUPTCY COURT ADMITTING ERICSSON'S INSOLVENCY PLEA AGAINST CO.  Full Article

Reliance Communications Says Supreme Court Quashes Bombay High Court Stay On RCom Asset Sale
Thursday, 5 Apr 2018 

April 5 (Reuters) - Reliance Communications::SUPREME COURT VACATES STAY GRANTED IN FAVOUR OF ERICSSON BY BOMBAY HIGH COURT.LENDERS TO PROCEED WITH CO'S ASSETS SALE."CONFIDENT" OF ACHIEVING OVERALL DEBT REDUCTION OF ABOUT 250 BILLION RUPEES WITHIN THE NEXT FEW WEEKS.NOW NO BAR IN IMMEDIATELY COMPLETING ASSET SALES OF SPECTRUM, MCNS AND REAL ESTATE; SAME SHALL BE CONCLUDED EXPEDITIOUSLY.CLAIM OF MINORITY INVESTORS (WHICH IS FULLY DISPUTED BY RCOM) CAN BE MAXIMUM OF ABOUT 2-3 BLN RUPEES FROM SALES PROCEEDS.RCOM INTENDS FILING APPEAL BEFORE NCLT ON FRIDAY, WITH A REQUEST FOR EXPEDITIOUS DISPOSAL OF SAME.  Full Article

Ericsson CEO says ongoing cost savings running according to plan
Wednesday, 28 Mar 2018 

March 28 (Reuters) - Ericsson CEO Borje Ekholm told reporters ahead of Wednesday's annual general meeting::Says ongoing cost savings running according to plan.Says won market share in networks last year.Repeats will see improvements in Digital Services segment at the end of 2018, as takes time to exit long-term projects.  Full Article

Ericsson Signs Landmark TV Deal With Bell Canada
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - TELEFONAKTIEBOLAGET LM ERICSSON ::ERICSSON - SELECTED BY BELL CANADA TO POWER ITS NEXT GEN MULTISCREEN TV SERVICES.ERICSSON - MULTI-YEAR DEAL EXPANDS ON COMPANIES' LONG-TERM RELATIONSHI.  Full Article

Ericsson: ‍result of impairment testing write-down of SEK 14.2 bln​
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Ericsson ::NON-CASH CHARGE FROM CONCLUDED IMPAIRMENT AND REVALUATED U.S. TAX ASSETS.SAYS ‍RESULT OF IMPAIRMENT TESTING IS A WRITE-DOWN OF SEK 14.2 B​.SAYS ‍SEGMENT DIGITAL SERVICES: IMPAIRMENT OF SEK 6.7 B. OF GOODWILL AND SEK 0.4 B. OF INTANGIBLE ASSETS​.SAYS ‍SEGMENT OTHER: IMPAIRMENT OF SEK 6.0 B. OF GOODWILL, SEK 0.3 B. OF INTANGIBLE ASSETS, AND SEK 0.4 B. OF FIXED ASSETS​.SAYS ‍LOWERING OF U.S. CORPORATE INCOME TAX RATE FROM 35% TO 21% (EFFECTIVE 1 JANUARY 2018) REQUIRES A REVALUATION OF U.S. DEFERRED TAX ASSETS​.SAYS ‍CURRENT ESTIMATED IMPACT WILL BE A NON-CASH CHARGE TO GROUP INCOME STATEMENT OF APPROXIMATELY SEK 1.0 B. THAT WILL IMPACT INCOME TAX EXPENSES​.SAYS ‍SEGMENT MANAGED SERVICES: IMPAIRMENT OF SEK 0.3 B. OF DEFERRED COSTS RELATED TO TERMINATION OF CERTAIN TRANSFORMATION ACTIVITIES​.SAYS ‍SEGMENT NETWORKS: IMPAIRMENT OF SEK 0.2 B. OF CAPITALIZED DEVELOPMENT EXPENSES RELATED TO TECHNOLOGIES THAT ARE NO LONGER PLANNED TO BE USED​.  Full Article

Ericsson wins contract with Deutsche Telekom
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Telefonaktiebolaget LM Ericsson ::ERICSSON SAYS DEUTSCHE TELEKOM SELECTS ERICSSON FOR 5G-READY NETWORK.ERICSSON SAYS TO BE SUPPLIER OF MULTI-STANDARD RADIO NETWORK FOR ONE OUT OF TWO MARKET AREAS OF DEUTSCHE TELEKOM IN GERMANY.SAYS DEAL IS A FIVE-YEAR AGREEMENT INCLUDING DELIVERING A MULTI-STANDARD RADIO ACCESS NETWORK, BASED ON ERICSSON’S BASEBAND 6630 PRODUCT AND MULTI-STANDARD RADIOS, ERICSSON NETWORK MANAGER FOR OSS, AS WELL AS HARDWARE AND SOFTWARE SUPPORT AND SERVICES.  Full Article

Verizon Awards 5G Contract To Ericsson
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Telefonaktiebolaget Lm Ericsson ::VERIZON AWARDS 5G CONTRACT TO ERICSSON.ERICSSON - VERIZON HAS SELECTED CO TO PROVIDE NETWORKING EQUIPMENT FOR THEIR COMMERCIAL 5G LAUNCH.ERICSSON - VERIZON WILL DEPLOY PRE-STANDARD 5G COMMERCIAL RADIO NETWORK AND 5G CORE NETWORK IN SELECT MARKETS IN SECOND HALF OF 2018.  Full Article

Castellum wins city-development project in Stockholm
Friday, 24 Nov 2017 

Nov 24 (Reuters) - CASTELLUM AB ::CASTELLUM WINS PRESTIGIOUS CITY-DEVELOPMENT PROJECT NEAR THE ERICSSON GLOBE IN STOCKHOLM.EXPECTS ‍TOTAL INVESTMENT TO AMOUNT TO APPROXIMATELY SEKM 1,200 - 1,400.​.  Full Article

Ericsson needs industries to embrace 5G to underpin its recovery

* Newer 5G business could create 36 pct more revs for telcos by 2026-Ericsson