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Telefonaktiebolaget LM Ericsson (ERIC.O)

ERIC.O on Nasdaq

7 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Industrivarden supports appointment of Borje Ekholm as new Ericsson CEO
Wednesday, 26 Oct 2016 02:46am EDT 

Industrivarden AB : Comment on the appointment of a new CEO in Ericsson . Says we are pleased that Ericson will now get a new ceo in place who has an extensive and long experience of technology companies in a global arena, with in-depth knowledge of telecom industry as well as Ericsson . Says we support decision made by Ericsson board of directors to appoint Borje Ekholm as new CEO .Says in order to further align CEO's interests with shareholders, industrivärden and investor will enter into an options agreement with börje ekholm.  Full Article

Ericsson head of HR to leave company
Friday, 30 Sep 2016 03:50am EDT 

Ericsson : Says announces change in executive leadership team . Says chief HR officer will move to group headquarters in sweden to be close to CEO and majority of executive leadership team . Bina Chaurasia, Senior Vice President and Chief Human Resources Officer, based in California, therefore will resign from her position and the Ericsson Executive Leadership Team, effective November 15, 2016 .The process to find a new Chief HR Officer has been initiated.  Full Article

Ericsson shares rise 4 percent after CEO steps down
Monday, 25 Jul 2016 03:02am EDT 

Telefonaktiebolaget LM Ericsson : Ericsson shares rise 4 percent after CEO steps down [nL8N1AB0T8] Further company coverage: [ERICb.ST] (Reporting by Stockholm Newsroom) ((stockholm.newsroom@thomsonreuters.com; +46-(0)8-700 10 17;)).  Full Article

Ericsson CFO says emerging markets most important factor behind weak H2 outlook
Tuesday, 19 Jul 2016 03:12am EDT 

Ericsson : Ericsson CFO says emerging markets, hit by weak currencies and oil prices, most important factor behind weak H2 outlook Further company coverage: [ERICb.ST] ((Sven.Nordenstam@thomsonreuters.com;)).  Full Article

Ericsson Q2 op profit below expectations, says to intensify activities to reduce cost of sales
Tuesday, 19 Jul 2016 01:29am EDT 

Ericsson : Says 4g sales in mainland China and networks sales in North america were stable . Q2 operating profit sek 2.8 bln vs mean forecast 3.0 bln in Reuters poll . Q2 sales 54 bln sek vs mean forecast 55 bln in Reuters poll . Q2 gross margin 32.3 pct vs mean forecast 32.3 pct in Reuters poll . Says further actions are initiated to reduce cost, targeting a new annual run rate of operating expenses, excluding restructuring charges, of sek 53 b. In second half of 2017 . Says negative industry trends from q1 have intensified impacting demand for mobile broadband, especially in markets with a weak macro-economic environment . Says cost and efficiency program targeting savings of sek 9 b. During 2017, is progressing according to plan . Says in addition, we will reduce research and development investments in ip and capture efficiency gains from new company structure . Says current sales trends and business mix are expected to prevail for second half of year .Says given current industry trends, we will intensify our activities to reduce cost of sales and adapt our operations to a weaker mobile broadband market.  Full Article

Abengoa to sell activity of its unit Abentel to Ericsson
Wednesday, 6 Jul 2016 04:27am EDT 

Abengoa SA : Says to sell activity of its subsidiary Abentel to Ericsson . Under the deal Abentel’s assets, projects and employees will be transferred to Ericsson . It is planned that about 500 professionals specialized in fiber networks rollout and Abengoa’s services will join Ericsson .The agreement to be closed during the third quarter of 2016.  Full Article

Vimpelcom and Ericsson enter software partnership worth over $1 bln
Monday, 13 Jun 2016 04:30am EDT 

Vimpelcom Ltd : Vimpelcom and Ericsson enter software partnership worth over USD 1 billion .Says partnership encompasses a complete overhaul of Vimpelcom's IT infrastructure across 11 countries and 12 time zones.  Full Article

Hexatronic buys Ericsson's New Zealand operations
Tuesday, 24 May 2016 01:32am EDT 

Hexatronic Group AB : Signs deal to buy Ericsson's fiber cable and duct operations in Wellington, New Zealand . Consideration is about 30 million Swedish crowns ($3.59 million) and is financed by buyer's credit from Nordea .Transaction is expected to be finalized at the beginning of July.  Full Article

Ericsson says to acquire NodePrime
Tuesday, 5 Apr 2016 03:15am EDT 

Ericsson:Says to acquire NodePrime to accelerate software defined infrastructure.Says the investment will be paid in cash, NodePrime will be integrated into Business Unit Cloud & IP.  Full Article

Ericsson to transform Bhutan Telecom billing systems
Tuesday, 22 Mar 2016 03:00am EDT 

Ericsson:Bhutan Telecom selects Ericsson as BSS transformation partner.To transform Bhutan Telecom's billing systems into a convergent environment supporting mobile, fixed line and broadband subscribers.Bhutan Telecom will migrate its subscribers onto the new platform by Q3 2016.  Full Article


Ericsson says Swedish staff cuts running ahead of plan

STOCKHOLM Struggling telecom equipment maker Ericsson said on Thursday sweeping staff cuts in its Nordic home market were running ahead of plan, resulting in higher restructuring costs this year than previously forecast.