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Telefonaktiebolaget LM Ericsson (ERICa.ST)

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Latest Key Developments (Source: Significant Developments)

Sweden's Ericsson plans to reduce Spanish work force by 450 people - union
8:19am EDT 

Sept 26 (Reuters) - Sweden's Ericsson ERICB.ST::Plans to reduce Spanish work force by 450 people, according to a letter Ericsson sent to the union..Ericsson has been cutting jobs and costs in response to worsening losses. nL5N1K90PK.Talks between the union and Ericsson will begin in two weeks, a union source said..30 percent of Ericsson's Spanish work force to be affected.  Full Article

Autoliv CEO says 2019 sales target largely based on already booked orders
Thursday, 14 Sep 2017 01:56am EDT 

Sept 14 (Reuters) - Autoliv Inc CEO Jan Carlson to Reuters::Says has not been asked to become Ericsson <<>> chairman.Carlson mentioned as possible candidate for Ericsson chairmanship by Swedish business daily Dagens Industri.Says "my focus is to work with this strategic review, and I am fully committed to do this".Says 2019 sales target is "absolutely for the most part already booked business".  Full Article

Reliance Communications says Ericsson India files petition against co for recovery of 4.91 bln rupees
Wednesday, 13 Sep 2017 08:09am EDT 

Sept 13 (Reuters) - Reliance Communications::Reliance Communications clarifies on news item "Ericsson India files insolvency case against Reliance Communication" ‍​.Ericsson India Pvt Ltd filed petition against co for recovery of 4.91 bln rupees.Ericsson filed petitions against Reliance Infratel, Reliance Telecom for recovery of 5.35 billion rupees, 1.29 billion rupees, respectively‍​.  Full Article

Ericsson CFO says sees mobile infrastructure market decline in 2018
Tuesday, 18 Jul 2017 02:44am EDT 

July 18 (Reuters) - Ericsson CFO Carl Mellander tells Reuters::Says sees mobile equipment market decline of low single digit in 2018, vs previous view of flatten out .Says sees flattish market in 2019 for mobile infrastructure.Says has no sales forecast for Cisco partnership <<>>, versus previous view of 1 billion USD extra sales in 2018.  Full Article

Ericsson says to divest its power modules business to Flex
Wednesday, 21 Jun 2017 03:15am EDT 

June 21 (Reuters) - Telefonaktiebolaget Lm Ericsson ::Ericsson to divest its power modules business to Flex.Says a workforce of over 300 people to move from Ericsson to Flex Power, a division within Flex.Says divestment in line with Ericsson's previously-announced business strategy of focusing on core portfolio areas.  Full Article

Net Insight in partnership with Ericsson
Monday, 19 Jun 2017 02:57am EDT 

June 19 (Reuters) - NET INSIGHT :NET INSIGHT PARTNERS WITH ERICSSON TO OFFER END-TO-END MEDIA CONTRIBUTION SOLUTIONS TO THE BROADCAST INDUSTRY.‍ANNOUNCED A STRATEGIC PARTNERSHIP WITH ERICSSON TO OFFER BROADCASTERS A RANGE OF END-TO-END VIDEO PROCESSING SOLUTIONS​.  Full Article

Cevian Capital says combined ownership at 5.5 pct of Ericsson's capital
Wednesday, 14 Jun 2017 11:58am EDT 

June 14 (Reuters) - :Cevian Capital's combined ownership at c. 5.5 pct of Ericsson's capital.Cevian Capital Partners Limited and Cevian Capital II Co-Investment Fund L.P., herein defined as Cevian Capital, have today disclosed to Ericsson and to the Swedish Regulator Finansinspektionen that they hold 181,623,591 B-shares and 130,160 A-shares of Ericsson, corresponding to c. 5.5 pct of shares.  Full Article

Wi-lan entered into wireless patent license agreement with Ericsson
Monday, 12 Jun 2017 10:00am EDT 

June 12 (Reuters) - Quarterhill Inc :Quarterhill Inc says wholly-owned subsidiary Wi-lan has entered into a wireless patent license agreement with Ericsson.License agreement resolves lte wireless litigations pending between wilan, ericsson in southern District Of Florida, eastern District Of Texas.Consideration and all other terms of license agreement are confidential.  Full Article

Masmovil signs strategic deal with Ericsson for development of its core network
Thursday, 8 Jun 2017 05:00am EDT 

June 8 (Reuters) - MASMOVIL ::SIGNS STRATEGIC AGREEMENT WITH ERICSSON FOR DEVELOPMENT OF ITS CORE NETWORK AND MANAGEMENT, SUPPORT AND FIBER SERVICES.  Full Article

Cevian Capital says sees significant potential in Ericsson
Tuesday, 30 May 2017 12:38pm EDT 

May 30 (Reuters) - Telefonaktiebolaget Lm Ericsson :Cevian Capital managing partner Gardell says sees significant potential in ericsson.Cevian Capital’s Gardell says will join ericsson’s nomination committee.Cevian Capital’s Gardell says supports the main thrust of ericsson ceo ekholm’s plan for the company.  Full Article

BRIEF-India tribunal to hear Ericsson insolvency plea against RCom on Oct. 6

* India's National Company Law Tribunal sets next hearing date for insolvency case against Reliance Communications on Oct. 6 Further company coverage: (Reporting By Abhirup Roy)