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Telefonaktiebolaget LM Ericsson (ERICa.ST)

ERICa.ST on Stockholm Stock Exchange

56.50SEK
22 Mar 2017
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Latest Key Developments (Source: Significant Developments)

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

AT&T launches first 5G business customer trial with Intel and Ericsson
Monday, 5 Dec 2016 04:27pm EST 

Telefonaktiebolaget Lm Ericsson :AT&T launches first 5G business customer trial with intel and ericsson.  Full Article

Ericsson CEO says not beginning of the end for company
Wednesday, 12 Oct 2016 03:43am EDT 

Ericsson acting CEO Jan Frykhammar in conference call: Says this is absolutely not the beginning of the end for Ericsson Further company coverage: [ERICb.ST] (Stockholm Newsroom) ((stockholm.newsroom@thomsonreuters.com; +46 (0)8-700 10 10;)).  Full Article

Ericsson not seeing new trend in pricing environment-acting CEO
Wednesday, 12 Oct 2016 03:26am EDT 

Ericsson acting CEO Jan Frykhammar in conference call: Says sees market headwinds remaining in short term by which co means its current visibility of 2-3 quarters . Says has not seen any new trend in pricing environment Further company coverage: [ERICb.ST] (Stockholm Newsroom) ((stockholm.newsroom@thomsonreuters.com; +46 (0)8-700 10 10;)).  Full Article

More From Around the Web

UPDATE 1-Ericsson says Francisco Partners to invest $200 mln in iconectiv

March 7 Swedish mobile telecom gear maker Ericsson on Tuesday said private equity firm Francisco Partners will invest $200 million for a 16.7 percent stake in its iconectiv subsidiary, valuing the business at around $1.2 billion.