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Telefonaktiebolaget LM Ericsson (ERICb.ST)

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Latest Key Developments (Source: Significant Developments)

Ericsson: Telkomsel Indonesia To Deploy Ericsson Core In Preparation For 5G
Thursday, 13 Jun 2019 

June 13 (Reuters) - Telefonaktiebolaget LM Ericsson ::TELKOMSEL INDONESIA TO DEPLOY ERICSSON CORE IN PREPARATION FOR 5G.  Full Article

Rostelecom, Tele2 And Ericsson To Establish Test 5G Zone In Moscow In July-Oct
Thursday, 6 Jun 2019 

June 6 (Reuters) - Rostelekom PAO ::SAYS ROSTELECOM, TELE2 AND ERICSSON WILL ESTABLISH TEST 5G ZONE IN MOSCOW IN JULY-OCTOBER 2019.  Full Article

NCLAT Says If IBC Triggered Against Reliance Communications, Ericsson Will Have To Refund 5.78 Bln Rupees - CNBC TV18
Monday, 8 Apr 2019 

April 8 (Reuters) - :NCLAT SAYS IF IBC TRIGGERED AGAINST RELIANCE COMMUNICATIONS LTD, ERICSSON WILL HAVE TO REFUND 5.78 BILLION RUPEES- CNBC TV18.NCLAT DIRECTS ERICSSON TO CLARIFY ON STATE OF PROCEEDINGS BEFORE SUPREME COURT - CNBC TV18.  Full Article

TDC Selects Ericsson For 5G And Ericsson Operations Engine Managed Services
Monday, 18 Mar 2019 

March 18 (Reuters) - Ericsson ::TDC SELECTS ERICSSON FOR 5G AND ERICSSON OPERATIONS ENGINE MANAGED SERVICES.TDC IS TARGETING END OF 2020 TO PROVIDE NATIONWIDE 5G COVERAGE IN DENMARK.WILL MODERNIZE TDC'S ENTIRE RADIO ACCESS NETWORK (RAN) NETWORK WITH LATEST SOLUTIONS FROM ERICSSON RADIO SYSTEM.DEAL WILL ALSO SEE ERICSSON WORKING IN PARTNERSHIP WITH TDC TO UPGRADE ITS EXISTING 4G LTE NETWORK.TDC TO MAKE 5G AVAILABLE TO SELECTED CUSTOMERS UNDER PILOT TESTING FROM MID-2019; ACTUAL 5G NETWORK ROLL-OUT SEEN INITIATED IN OCTOBER.  Full Article

Fitch Says 5G Arrival Improves Revenue, Cash Flow Outlook For Telecoms Vendors
Monday, 25 Feb 2019 

Feb 25 (Reuters) - :FITCH SAYS 5G ARRIVAL IMPROVES REVENUE, CASH FLOW OUTLOOK FOR TELECOMS VENDORS.FITCH SAYS 5G UNLIKELY TO BECOME SIGNIFICANT GROWTH DRIVER FOR VENDORS IN SHORT TERM, BUT COULD BE SUFFICIENT TO COMPENSATE FOR DECLINING 4G REVENUES.FITCH SAYS 5G IS UNLIKELY TO TRIGGER A BOOST IN TELECOMS NETWORKS MARKET GROWTH.FITCH SAYS PACE OF 5G TAKE-UP MAY BE IMPEDED BY "LACK OF CLEAR MONETISATION OPPORTUNITIES" FOR NEW TECHNOLOGY.FITCH SAYS IT BELIEVES UNCERTAINTY OVER SECURITY MERITS OF CHINESE VENDORS IMPROVES STRATEGIC STANDING OF NOKIA AND ERICSSON IN MANY REGIONAL MARKETS.  Full Article

Ericsson to acquire Kathrein's antenna and filters business
Monday, 25 Feb 2019 

Feb 25 (Reuters) - Telefonaktiebolaget LM Ericsson ::TO ACQUIRE KATHREIN'S ANTENNA AND FILTERS BUSINESS.SAYS TRANSACTION IS EXPECTED TO CLOSE IN Q3 2019.SAYS PRELIMINARY AND UNAUDITED REVENUES FROM ACQUIRED PART OF KATHREIN WERE APPROXIMATELY EUR 270 MILLION IN 2018, EXCLUDING SALES TO ERICSSON.SAYS INTENDS TO ACQUIRE KATHREIN'S ANTENNA AND FILTERS DIVISION WITH AROUND 4,000 SKILLED PROFESSIONALS TO COMPLEMENT ERICSSON'S IN-HOUSE CAPABILITIES AND COMPETENCES.SAYS PARTIES HAVE AGREED TO KEEP PURCHASE PRICE UNDISCLOSED.SAYS ACQUISITION IS AN ASSET DEAL WHERE CERTAIN ASSETS AND LIABILITIES ARE ACQUIRED BY ERICSSON AT CLOSING, WHICH IS EXPECTED IN Q3 2019.  Full Article

Reliance Communications Requests "Urgent Approval" From Lenders To Release About 2.60 Bln Rupees
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Reliance Communications Ltd ::RELIANCE COMMUNICATIONS - "REQUESTED URGENT APPROVAL" FROM LENDERS TO RELEASE ABOUT 2.60 BILLION RUPEES, GOT FROM INCOME TAX REFUNDS, DIRECTLY TO ERICSSON.RCOM IS CONFIDENT OF RAISING BALANCE OF ABOUT 2 BILLION RUPEES FOR PAYMENT TO ERICSSON.SAYS SUM OF 1.18 BILLION RUPEES HAS ALREADY BEEN DEPOSITED WITH SC.RELIANCE COMMUNICATIONS-IS CONFIDENT ENTIRE SUM PLUS INTEREST WILL STAND PAID TO ERICSSON WELL WITHIN 4 WEEKS ALLOWED BY SC.  Full Article

Ericsson and Oppo sign initial patent license agreement
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - Ericsson ::ERICSSON AND OPPO SIGN INITIAL PATENT LICENSE AGREEMENT.SAYS INITIAL AGREEMENT INCLUDES A CROSS LICENSE COVERING 2G, 3G AND 4G PATENT PORTFOLIOS FROM BOTH COMPANIES.SAYS OPPO, FIFTH LARGEST SMARTPHONE VENDOR IN WORLD WITH BUSINESS OPERATIONS IN MORE THAN 40 MARKETS GLOBALLY, WILL MAKE ON-GOING ROYALTY PAYMENTS TO ERICSSON BASED ON A SUBSTANTIAL PART OF THEIR ANNUAL SALES.SAYS IN ADDITION TO A CROSS LICENSE, AGREEMENT BETWEEN OPPO AND ERICSSON INCLUDES BUSINESS COOPERATION ON A NUMBER OF PROJECTS RELATED TO 5G, LIKE DEVICE TESTING, CUSTOMER ENGAGEMENTS AND DEMO AT MWC19.  Full Article

Ericsson, Intel Jointly Develop Next-Generation Software Defined Infrastructure For 5G Era
Monday, 11 Feb 2019 

Feb 11 (Reuters) - Telefonaktiebolaget LM Ericsson ::ERICSSON AND INTEL JOINTLY DEVELOP NEXT-GENERATION SOFTWARE DEFINED INFRASTRUCTURE FOR 5G ERA.ERICSSON- COS WILL ALIGN DEVELOPMENT EFFORTS OF ERICSSON SDI MANAGER SOFTWARE AND INTEL RACK SCALE DESIGN.  Full Article

Ericsson says software issue causing network disturbances for some customers
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Telefonaktiebolaget LM Ericsson ::UPDATE ON SOFTWARE ISSUE IMPACTING CERTAIN CUSTOMERS.ERICSSON - DURING DECEMBER 6, 2018, ERICSSON HAS IDENTIFIED AN ISSUE IN CERTAIN NODES IN CORE NETWORK RESULTING IN NETWORK DISTURBANCES.ERICSSON - IN NETWORK DISTURBANCES FOR A LIMITED NUMBER OF CUSTOMERS IN MULTIPLE COUNTRIES USING TWO SPECIFIC SOFTWARE VERSIONS OF SGSN-MME.ERICSSON - FAULTY SOFTWARE THAT HAS CAUSED THESE ISSUES IS BEING DECOMMISSIONED.ERICSSON - INITIAL ROOT CAUSE ANALYSIS INDICATES THAT MAIN ISSUE WAS AN EXPIRED CERTIFICATE IN SOFTWARE VERSIONS INSTALLED WITH THESE CUSTOMERS.ERICSSON - COMPLETE AND COMPREHENSIVE ROOT CAUSE ANALYSIS IS STILL IN PROGRESS.ERICSSON - DURING COURSE OF DECEMBER 6, MOST OF AFFECTED CUSTOMERS' NETWORK SERVICES HAVE BEEN SUCCESSFULLY RESTORED.ERICSSON - WORKING CLOSELY WITH REMAINING CUSTOMERS THAT ARE STILL EXPERIENCING ISSUES AND FOCUS ON SOLVING IMMEDIATE ISSUES.  Full Article

UPDATE 2-China's Huawei to invest $800 mln in new Brazil factory

SAO PAULO, Aug 9 Huawei Technologies Co Ltd plans to build an $800 million plant in Brazil's Sao Paulo state over the next three years, the governor said, as the Chinese tech giant ramps up its Latin American presence against U.S. objections.