Strengthened Networks portfolio boosts Ericsson's drive towards Net Zero emissions PR Newswire STOCKHOLM, Feb. 9, 2023 A new range of 10 radios led by triple-band Radio 4485, which is 53 percent lighter than comparable products. Also launching new mobile transport and software solutions Industry-first, 600MHz Massive MIMO radio with Ericsson-unique Interference Sensing software that adds up to 40 percent more capacity with portfolio-wide hardware support A quad-carrier microwave transport radio...
Strengthened Networks portfolio boosts Ericsson's drive towards Net Zero emissions PR Newswire STOCKHOLM, Feb. 9, 2023 A new range of 10 radios led by triple-band Radio 4485, which is 53 percent lighter than comparable products. Also launching new mobile transport and software solutions Industry-first, 600MHz Massive MIMO radio with Ericsson-unique Interference Sensing software that adds up to 40 percent more capacity with portfolio-wide hardware support A quad-carrier microwave transport radio...
Ericsson Mobility Report Business Review edition: 5G drives revenue growth PR Newswire STOCKHOLM, Feb. 7, 2023 Communications Service Providers in Top 20 5G markets enjoying revenue growth Enhanced Mobile broadband and Fixed Wireless Access proving popular early use cases Cloud gaming, enterprise and industrial deployments gaining momentum STOCKHOLM , Feb. 7, 2023 /PRNewswire/ -- New research from the Ericsson (NASDAQ: ERIC) Mobility Report team provides encouraging evidence for communication...
Ericsson reports fourth quarter and full-year results 2022 PR Newswire STOCKHOLM, Jan. 20, 2023 STOCKHOLM , Jan. 20, 2023 /PRNewswire/ -- Fourth quarter highlights The quarter was impacted by an IPR agreement resulting in total IPR revenues of SEK 6.0 (2.4) b . and previously announced charges of SEK -4.0 b ., including DOJ provision, IoT divestment and Cloud Software and Services contract and portfolio exits. Group organic sales [1] grew by 1% YoY., of which IPR revenues contributed with 5...
Ericsson makes provision in fourth quarter of 2022 in relation to potential DPA breach resolution with U.S. Department of Justice PR Newswire STOCKHOLM, Jan. 12, 2023 STOCKHOLM , Jan. 12, 2023 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) announces that it is now in a position to make a provision of SEK 2.3 billion (approx. USD 220 million ) in relation to a potential resolution with the U.S. Department of Justice (DOJ) regarding previously announced, non-criminal, alleged breaches under its 2019...
Ericsson makes provision in fourth quarter of 2022 in relation to potential DPA breach resolution with U.S. Department of Justice PR Newswire STOCKHOLM, Jan. 12, 2023 STOCKHOLM , Jan. 12, 2023 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) announces that it is now in a position to make a provision of SEK 2.3 billion (approx. USD 220 million ) in relation to a potential resolution with the U.S. Department of Justice (DOJ) regarding previously announced, non-criminal, alleged breaches under its 2019...
Ericsson Nomination Committee´s proposal for board of directors. Jan Carlson proposed as new Chairman PR Newswire STOCKHOLM, Jan. 12, 2023 Chairman, Ronnie Leten , has informed that he will not stand for re-election to the Board Kurt Jofs and Nora Denzel have informed the Nomination Committee that they will not stand for re-election as directors The Nomination Committee of Ericsson proposes that current board member Jan Carlson be elected as new Chairman of the Ericsson Board by the Annual...
Invitation to media and analyst briefing for Ericsson Q4 and full year 2022 report PR Newswire STOCKHOLM, Jan. 11, 2023 Report to be released at approximately 7:00 AM CET on January 20 , 2023 One live video webcast for analysts, investors and journalists at 9:00 AM CET STOCKHOLM , Jan. 11, 2023 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the fourth quarter and full year of 2022 will be published at approximately 7:00 AM CET on January 20, 2023 . The company will issue a press...
Invitation to media and analyst briefing for Ericsson Q4 and full year 2022 report PR Newswire STOCKHOLM, Jan. 11, 2023 Report to be released at approximately 7:00 AM CET on January 20 , 2023 One live video webcast for analysts, investors and journalists at 9:00 AM CET STOCKHOLM , Jan. 11, 2023 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the fourth quarter and full year of 2022 will be published at approximately 7:00 AM CET on January 20, 2023 . The company will issue a press...
Ericsson is taking action to accelerate profitability in Cloud Software and Services PR Newswire STOCKHOLM, Jan. 4, 2023 STOCKHOLM , Jan. 4, 2023 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) is continuing to execute on its revised strategy in segment Cloud Software and Services. As outlined at the recent Capital Markets Day, key priorities include limiting subscale software development, accelerating automation to lower deployment and maintenance efforts and changing focus from market share gains to...
Ericsson presents a Green Financing Framework PR Newswire STOCKHOLM, Dec. 20, 2022 The Green Financing Framework is established to enable financing of investments in energy efficient technologies, such as 4G, 5G and future 6G, and renewable energy. The framework has been developed in accordance with current market best practices and verified by leading independent second party opinion provider CICERO Shades of Green. STOCKHOLM , Dec. 20, 2022 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) has...
Ericsson Capital Markets Day 2022 PR Newswire STOCKHOLM, Dec. 15, 2022 Committed to reaching lower end of long-term target of 15-18% EBITA margin and generating Free Cash Flow before M&A of 9%-12% of sales by 2024 Acceleration of initiatives to reduce costs by SEK 9 b . (around USD 0.9 b ) by end of 2023 In addition to the recently signed agreement, IPR revenues expected to grow significantly from further licensing agreements Committed to executing on Enterprise strategy and transitioning into a...
Ericsson Capital Markets Day 2022 PR Newswire STOCKHOLM, Dec. 15, 2022 Committed to reaching lower end of long-term target of 15-18% EBITA margin and generating Free Cash Flow before M&A of 9%-12% of sales by 2024 Acceleration of initiatives to reduce costs by SEK 9 b . (around USD 0.9 b ) by end of 2023 In addition to the recently signed agreement, IPR revenues expected to grow significantly from further licensing agreements Committed to executing on Enterprise strategy and transitioning into a...
Ericsson divests its local customer support business in Russia PR Newswire STOCKHOLM, Dec. 15, 2022 Ericsson continues orderly exit from operations in Russia Local operational managers acquire Ericsson's customer support business in Russia and will provide customer support for mobile operators in Russia All Ericsson customer engagement in Russia intended to be terminated by end of year STOCKHOLM , Dec. 15, 2022 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) wholly owned Russian subsidiary has entered...
Ericsson divests its local customer support business in Russia PR Newswire STOCKHOLM, Dec. 15, 2022 Ericsson continues orderly exit from operations in Russia Local operational managers acquire Ericsson's customer support business in Russia and will provide customer support for mobile operators in Russia All Ericsson customer engagement in Russia intended to be terminated by end of year STOCKHOLM , Dec. 15, 2022 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) wholly owned Russian subsidiary has entered...
Ericsson Announces Extension of Compliance Monitorship PR Newswire STOCKHOLM, Dec. 14, 2022 STOCKHOLM , Dec. 14, 2022 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) announces that it has agreed with the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) to extend the term of the Company's Independent Compliance Monitor for one year, to June 2024 . In 2019 Ericsson entered into a Deferred Prosecution Agreement (DPA) with the DOJ and a Consent Judgment with the SEC to resolve...
Aeris to acquire IoT business from Ericsson PR Newswire STOCKHOLM, Dec. 7, 2022 Ericsson's IoT Accelerator and Connected Vehicle Cloud businesses and related assets to be transferred to Aeris. Through the transaction, Aeris will become a market leader in IoT with strong synergies to create an unparalleled IoT offering for enterprises and new revenue streams for communications service providers. Ericsson's IoT employees to become part of Aeris at the closing of the transaction which is expected...
Invitation to Ericsson's Capital Markets Day 2022 PR Newswire STOCKHOLM, Oct. 25, 2022 STOCKHOLM , Oct. 25, 2022 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) has the pleasure of inviting investors, financial analysts and media representatives to its Capital Markets Day on December 15, 2022 . The Capital Markets Day will be held as a physical event in New York and the presentations will also be broadcast live with the opportunity to join Q&A sessions through conference call. The event will feature...
Ericsson reports third quarter results 2022 PR Newswire STOCKHOLM, Oct. 20, 2022 STOCKHOLM , Oct. 20, 2022 /PRNewswire/ -- Third quarter highlights Group organic sales [1] grew by 3% YoY driven primarily by Networks in North America . Reported sales were SEK 68.0 (56.3) b ., of which Vonage contributed SEK 2.9 b . since July 21 . Gross income increased to SEK 28.1 (24.8) b . driven by higher sales primarily in Networks, and the consolidation of Vonage. Gross margin was 41.4% (44.0%) impacted by...
Ericsson reports third quarter results 2022 PR Newswire STOCKHOLM, Oct. 20, 2022 STOCKHOLM , Oct. 20, 2022 /PRNewswire/ -- Third quarter highlights Group organic sales [1] grew by 3% YoY driven primarily by Networks in North America . Reported sales were SEK 68.0 (56.3) b ., of which Vonage contributed SEK 2.9 b . since July 21 . Gross income increased to SEK 28.1 (24.8) b . driven by higher sales primarily in Networks, and the consolidation of Vonage. Gross margin was 41.4% (44.0%) impacted by...