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Telefonaktiebolaget LM Ericsson (ERICb.ST)

ERICb.ST on Stockholm Stock Exchange

56.00SEK
16 Jan 2018
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Latest Key Developments (Source: Significant Developments)

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

Swisscom picks Ericsson to supply Gigabit LTE and 5G
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Swisscom AG :Swisscom says selects Ericsson <<>> as strategic supplier for Gigabit LTE and 5G.Swisscom says Ericsson to provide complete digital transformation of Swisscom's network to nationwide gigabit lte and deployment of 5G.  Full Article

Ericsson top chiefs Frykhammar and Mandersson to leave company
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Ericsson :Says ‍Fredrik Jejdling appointed Executive Vice President, in addition to his current role as head of business area Networks​.Says ‍Jan Frykhammar, Executive Vice President and advisor to CEO, to leave his role as Executive Vice President and Ericsson executive team, effective November 7, 2017.Magnus Mandersson, Executive Vice President and advisor to the CEO, to leave his role as Executive Vice President and the Ericsson Executive Team, effective November 7, 2017​.Ericsson says ‍both Mr Frykhammar and Mr Mandersson will leave Ericsson to pursue other opportunities​.  Full Article

Ericsson CEO sees current savings program enough to reach margin target
Friday, 20 Oct 2017 

Oct 20 (Reuters) - Ericsson CEO Borje Ekholm at tele conference with analysts and reporters::Says thinks current savings program enough to reach margin target after 2018.  Full Article

Assa Abloy CEO Molin says has not been asked to become chairman of Ericsson
Thursday, 5 Oct 2017 

Oct 5 (Reuters) - Assa Abloy Ab CEO Johan Molin tells Reuters::Says has not been asked to become chairman of Ericsson.Says, when asked if he rules out to become Ericsson's chairman: "It's a hypothetical question that I don't want to answer. It's not on the cards for me, at least not today.".  Full Article

Global Dominion Access is in preliminary talks over JV with Ericsson
Wednesday, 4 Oct 2017 

Oct 4 (Reuters) - Global Dominion Access SA ::SAYS IN PRELIMINARY TALKS WITH ERICSSON GROUP <<>> TO EVALUATE POTENTIAL JOINT VENTURE ON DEVELOPMENT AND MAINTENANCE OF TELECOMMUNICATION INFRASTRUCTURE NETWORKS‍​.  Full Article

Sweden's Ericsson plans to reduce Spanish work force by 450 people - union
Tuesday, 26 Sep 2017 

Sept 26 (Reuters) - Sweden's Ericsson ERICB.ST::Plans to reduce Spanish work force by 450 people, according to a letter Ericsson sent to the union..Ericsson has been cutting jobs and costs in response to worsening losses. nL5N1K90PK.Talks between the union and Ericsson will begin in two weeks, a union source said..30 percent of Ericsson's Spanish work force to be affected.  Full Article

France temporarily opens up radio waves to test 5G benefits

PARIS, Jan 16 French telecoms regulator Arcep said it is opening up some radio frequencies to get a better understanding of the benefits and usage of the next generation of mobile internet, known as 5G.