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Ericsson to Build Three Global ICT Centers

Monday, 2 Sep 2013 07:31am EDT 

Ericsson announced that the Company is planning to invest approximately SEK 7 billion in the coming five years to build three global ICT Centers. Two will be located in Sweden, in Stockholm and Linkoping, while the third one, in North America, will be located in Canada, in Montreal, Quebec. The centers will be located close to Ericsson's main R&D hubs and will be the new platform for Ericsson R&D engineers around the world. The three ICT Centers combined will be up to 120,000 square meters. The two ICT Centers in Sweden will begin initial operations from end of 2013 and from end of 2014 respectively and the North American ICT Center from early 2015. 

Company Quote

-0.155 -1.44%
4:00pm EDT