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Ericsson Signs $150 Mln Credit Facility For 5G R&D
Ericsson Says Planning Assumptions Remain Unchanged As Communicated In Q3-spokesman
Ericsson reaches resolution on U.S. FCPA investigations
Telefonaktiebolaget LM Ericsson (Ericsson) provides infrastructure, services and software to the telecommunication industry and other sectors. The Company's segments include Networks, IT & Cloud and Media. The Networks segment consists of two business units: Network Products and Network Services. The overall focus is on evolving and managing access networks, including the development of hardware and software for radio access and transport networks. The IT & Cloud business includes two business units: IT & Cloud Products and IT & Cloud Services. The focus in IT & Cloud is to help telecom operators and selected enterprises through the digital transformations ahead. It develops and delivers software-based solutions for television and media and combines a product portfolio that spans the television value chain, with systems integration and managed services. The portfolio includes compression, content publishing through set-top box or pure over-the-top, content delivery and analytics.
Chairman of the Board
E. Borje Ekholm
President, Chief Executive Officer, Director
Deputy Chairman of the Board
Deputy Chairman of the Board
Senior Vice President, Chief Financial Officer and Head of Group Function Finance & Common Functions
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Greenland has picked Sweden's Ericsson over China's Huawei to supply equipment for its fifth-generation (5G) telecoms network, state telecoms operator Tele Greenland said on Thursday.
Greenland will pick Sweden's Ericsson over China's Huawei for future the rollout of fifth-generation (5G) telecoms network, a spokeswoman for state telecoms operator Tele Greenland said on Thursday.
Sweden's prosecution authority has opened an investigation into possible bribery by employees at mobile telecoms group Ericsson that came to light during a U.S. probe into corruption, daily Dagens Industri wrote on Thursday.
Swedish mobile telecoms company Ericsson <ERICb.ST> has agreed to pay over $1 billion to resolve probes into corruption, including the bribing of government officials, the U.S. Department of Justice said on Friday.
Mobile telecoms gear maker Ericsson has agreed to pay over $1 billion to resolve a foreign corruption probe, the U.S. Department of Justice said in a statement on Friday.
Swedish telecoms equipment maker Ericsson plans to invest 1 billion reais ($238.30 million) in Brazil to add a new assembly line dedicated to 5th generation technology (5G) for its Latin American operations, an executive told Reuters on Monday.
Swedish telecoms equipment maker Ericsson plans to invest 1 billion reais ($238.30 million) in Brazil to add a new assembly line dedicated to 5th generation technology (5G), supplying its Latin American operations, an executive told Reuters on Monday.
Sweden's Ericsson <ERICb.ST> expects the number of 5G subscriptions to reach 2.6 billion by the end of 2025, up from 13 million in 2019, with network coverage offering access to 65 percent of the world's population, it said on Monday.
Given its importance to 5G, Ericsson has major self-confidence issues. The $30 billion Swedish firm has added 10% to its 2020 sales forecasts for the superfast mobile kit that will supposedly bring the ‘internet of things’ to life. With Chinese market leader Huawei weighed...
Telecoms equipment maker Ericsson beat quarterly earnings expectations on Thursday and lifted its market forecast for this year and its sales target for 2020, saying demand for superfast 5G networks was taking off more quickly than expected.
Telecoms equipment maker Ericsson reported quarterly core earnings far ahead of market expectations on Thursday and lifted its 2020 sales target citing a stronger market and currency effects.
Mobile telecoms gear maker Ericsson <ERICb.ST> will take a 12 billion crown (£996.39 million) hit to third-quarter results from long-running U.S. investigations into past corruption allegations, it said on Thursday.
Mobile telecom gear maker Ericsson said its third quarter results will be impacted by a 12 billion Swedish krona ($1.23 billion) provision it is making in relation to probes by the U.S. Securities and Exchange Commission and the Department Of Justice.
Swedish telecom equipment maker Ericsson's CEO Borje Ekholm told employees in an internal note this week that a recent media report of his imminent replacement was incorrect, a company spokesman said.
Telecom gear maker Ericsson will increase production and invest further in its Tczew plant in Poland in preparation for the ramp up of next generation 5G mobile network across Europe, it said in a statement.
Telecom equipment maker Ericsson's <ERICb.ST> CEO Borje Ekholm could be about to announce his exit after less than three years in the job with outgoing Saab CEO Hakan Buskhe planned as his replacement, business daily Dagens Industri reported on Wednesday citing anonymous...
Telecom equipment maker Ericsson's CEO Borje Ekholm could be about to announce his exit with outgoing Saab CEO Hakan Buskhe planned as his replacement, business daily Dagens Industri reported on Wednesday citing anonymous sources.
Ericsson and Deutsche Telekom will team up to tap rising demand for mobile technology at industrial sites in Germany, as communications providers seek local uses for 5G with national deployment still years away.
Telecoms equipment maker Ericsson <ERICb.ST> posted quarterly earnings in line with forecasts but said it expected costs related to winning new contracts for its network business to hit profit margins in the second half of the year.
Mobile telecom equipment maker Ericsson reported on Wednesday a rise in line with expectations in second-quarter operating earnings helped by strong sales growth in North America.
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