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Telefonaktiebolaget LM Ericsson (ERICa.ST)

ERICa.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ericsson CEO says no change to previous outlook
3:48am EDT 

Ericsson CEO Borje Ekholm at conference call: Says we don't see change in the outlook we had earlier . Says there will be no big announcements on job cuts . Ericsson has previously forecast the mobile infrastructure market to decline by 2 to 6 pct in 2017 Further company coverage: [ERICb.ST] (Reporting By Olof Swahnberg) ((Olof.Swahnberg@thomsonreuters.com;)).  Full Article

Ericsson simplifies organisation, names executive team
1:32am EDT 

Ericsson : Ericsson simplifies organization and names executive team . Ericsson is simplifying its organizational structure by removing the two-tiered leadership structure, Executive Leadership Team and Global Leadership Team, and forming a single Executive Team . In addition, the geographical setup with ten regions will become five market areas, and the business areas are re-defined and reduced to three . Ericsson says new business areas, market areas and executive team effective april 1 . Ericsson says business area networks to be led by fredrik jejdling, senior vice president, currently head of business unit network services . Ericsson says business area managed services to be led by peter laurin, senior vice president, currently head of region northern europe and central asia .Ericsson says business area digital services to be led by ulf ewaldsson, senior vice president, currently head of group function strategy & technology.  Full Article

Ericsson to refocus business, take charges
1:31am EDT 

Ericsson : Ericsson presents focused business strategy . Ericsson says reallocated resources and increased investments in following core portfolio areas: networks, digital services (OSS/BSS and telecom core) and Internet of Things . Ericsson says refocused strategy for managed services to improve profitability . Says will explore strategic opportunities for IT cloud infrastructure hardware business . Says to explore strategic opportunities for media business while continuing to develop media solutions . Ericsson says write down of assets to be made in Q1, 2017, with an estimated impact on operating income of SEK 3-4 billion ($342-$456 million) . Restructuring charges estimated to approximately SEK 6-8 bln for 2017, of which approximately SEK 2 bln in Q1 .Ericsson says separately, provisions of an estimated SEK 7-9 bln will be made in Q1, triggered by recent negative developments related to certain large customer projects.  Full Article

Ericsson says Francisco Partners to invest $200 mln in iconectiv
Tuesday, 7 Mar 2017 03:00am EST 

Ericsson : Francisco partners to invest in Ericsson's iconectiv business . Says private equity firm Francisco Partners will invest $200 million to acquire a 16.7 pct ownership at an implied total valuation of iconectiv of approximately $1.20 billion . Says $200 million will be transferred to Ericsson as a dividend, which Ericsson expects to receive in Q3 2017 .Says transaction has no material impact on Ericsson group income.  Full Article

Bahrain's Batelco signs network deal with Ericsson
Sunday, 26 Feb 2017 06:42am EST 

Bahrain Telecommunications Company : Bahrain's Batelco signs network deal with Ericsson . Network deal will enable co to start 5G and IOT by providing network virtualization services Source: (http://bit.ly/2lY0j1r) Further company coverage: [BTEL.BH] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Ericsson sells two 500 mln euro corporate bonds
Friday, 24 Feb 2017 02:30am EST 

Telefonaktiebolaget LM Ericsson : Says launches euro corporate bonds . Says Ericsson issuing two bonds of eur 500m each, maturing in 2021 and 2024 . Says strong and widespread investor demand . one Euro denominated 500 million 4-year bond with a fixed coupon rate of 0.875 pct and one Euro denominated 500 million 7-year bond with a fixed coupon rate of 1.875 pct .Says bonds will extend Ericsson's well diversified maturity profile and proceeds will be used to refinance debt maturing in 2017 and for general corporate purposes.  Full Article

Investor AB proposes 10 pct rise in dividend
Tuesday, 31 Jan 2017 02:26am EST 

Investor AB : Says net asset value per share at end of quarter was SEK 393 . Proposes dividend of 11.00 SEK/share vs year-ago 10.00 SEK .During the fourth quarter, we invested SEK 1 bln in Ericsson , as we believe new CEO Borje Ekholm and his team will be able to gradually realize the long-term potential of the company.  Full Article

Wi-Lan provides litigation update
Wednesday, 18 Jan 2017 05:15pm EST 

Wi-Lan Inc : Wi-Lan provides litigation update . Wi-Lan - update on litigation against Ericsson concerning Wilan's U.S. patent nos. 8,229,437, 8,027,298 and 8,249,014 related to lte technologies . Wi-Lan - in decision released Tuesday, Federal Circuit Court of appeals overturned Florida District Court's negative rulings on three patents at issue .Wi-Lan - Court found 8,229,437 patent should not have been found invalid & 8,027,298, 8,249,014 patents shouldn't have been found non-infringed.  Full Article

Qualcomm Technologies announces collaboration on 5g new radio trials
Tuesday, 3 Jan 2017 05:00pm EST 

Telefonaktiebolaget Lm Ericsson :Qualcomm Technologies - Qualcomm, Ericsson, At&T announce collaboration on 5g new radio trials intended to accelerate wide-scale 5g deployments.  Full Article

Ericsson says staff cuts ahead of plan, raises 2016 cost estimate
Thursday, 8 Dec 2016 02:30am EST 

Ericsson : Update on cost and efficiency program . Says intended reductions in Sweden announced on Oct 4, 2016 are progressing ahead of plan . Ericsson says total company restructuring cost for 2016 estimated to SEK 5.5-6.5 bln, compared to previous estimate of SEK 4-5 bln, due to faster implementation of cost and efficiency program in Sweden . Ericsson says restructuring costs for 2017 are expected to somewhat decrease, but will be communicated in conjunction with Ericsson Q4 result in January 2017 . Says voluntary program finalized - no further forced workforce reduction currently planned in Sweden .Says voluntary program in sweden has been successfully completed and 1,600 employees will leave Ericsson through program on December 31, 2016.  Full Article

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Ericsson's provisions raise concern over health of business

STOCKHOLM An attempt by Ericsson's new chief executive to lay out his strategy for the Swedish telecoms equipment maker backfired on Tuesday when it exposed problems related to some of its main contracts.