Key Developments: Ericsson (ERICa.ST)

ERICa.ST on Stockholm Stock Exchange

23 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Ericsson bags 4G contract from Bharti Airtel-Business Standard
Thursday, 9 Oct 2014 06:34am EDT 

Ericsson:Has signed a deal with Bharti Airtel for fourth generation (4G) roll out-Business Standard.The Swedish vendor has bagged more orders from cellular operators including Bharti Airtel and Idea Cellular.Ericsson declined to give details of its 4G deal with Bharti Airtel.  Full Article

Ericsson completes acquisition of Ambient
Wednesday, 1 Oct 2014 05:00am EDT 

Ericsson:Says Ericsson completes acquisition of US-based smart grid communications provider Ambient Corporation.Says Ambient will be integrated into Ericsson's Global Services organization.Says the acquisition increases Ericsson's ability to help utilities maximize their investments in smart grids.  Full Article

Ericsson purchases majority stake in Apcera
Monday, 22 Sep 2014 09:00am EDT 

Apcera:Ericsson has acquired majority stake in company.Ericsson has made commitment to fund future operations and fuel growth and sales channel expansion.Says all-cash deal is expected to close in Q4 2014.Apcera will retain its name and operate as a standalone company.  Full Article

Ericsson discontinues development of modems and to lay off people
Thursday, 18 Sep 2014 01:59am EDT 

Ericsson:Says will discontinue future development of modems and shift parts of resources in modems to radio network R&D.Says has intent to reduce or redeploy workforce.Says is entering into local co-determination negotiations with employee representatives to determine next steps.  Full Article

IDT Corp to sell Fabrix Systems to Ericsson
Friday, 12 Sep 2014 07:00am EDT 

IDT Corp:To sell its interests in Fabrix Systems (Fabrix) to Ericsson.Sale price for 100 pct of the shares in Fabrix Systems is $95 mln.Sale is expected to close in Oct. 2014.IDT owns about 78 pct of Fabrix on a fully diluted basis.  Full Article

MTS ups acquisition of Ericsson equipment by $286 million-Interfax
Friday, 22 Aug 2014 04:19am EDT 

Ericsson:Russian cellular provider Mobile TeleSystems OJSC (MTS) and Sweden's Ericsson have singed an agreement to increase the acquisition of telecommunication equipment and software by $286 million, MTS said in a statement-Interfax.These funds will be used to expand and modernize 2G, 3G and LTE networks in the Northwestern, Central, Southern, Ural and Siberian federal districts.This move is an extension to an active contract between the two companies signed in Dec. 2008.The updated sum of the contract is more than $1.5 billion.The extension expands the clauses of the companies' existing contract that was signed in Dec. 2008.The updated contract's timeframe expires on March 31, 2015.Contracts on the supply of equipment are reviewed on an annual basis, MTS representative Dmitry Solodovnikov said.  Full Article

Vodafone Australia selects Ericsson for network evolution
Tuesday, 19 Aug 2014 08:00pm EDT 

Ericsson:Vodafone Hutchison Australia (VHA) has chosen Ericsson as a sole supplier to replace and upgrade the complete core network for their national network.Ericsson to provide integration services for voice and packet core that will support VHA to transform its operations business and enable a more enriched customer offering.Over the period of the five year agreement Ericsson and VHA have committed to fully virtualize their core network.  Full Article

Hrvatski Telekom selects Ericsson for 5-year managed services contract
Monday, 18 Aug 2014 06:35am EDT 

Ericsson:Hrvatski Telekom selects Ericsson for 5-year managed services contract.  Full Article

Ericsson in optical network deal with Telstra
Monday, 18 Aug 2014 02:00am EDT 

Ericsson:Telstra chooses Ericsson for its next generation optical network.The agreement includes the supply of Ericsson optical transport equipment and services as well as Ciena packet-optical platforms.  Full Article

Ericsson to provide media services in Finland
Wednesday, 13 Aug 2014 06:00am EDT 

Ericsson:Says that it will provide broadcast and media services including media management and playout for Finnish media company MTV for a period of five years.  Full Article

Fitch Revises Ericsson's Outlook to Stable; Affirms at 'BBB+'

(The following statement was released by the rating agency) LONDON, December 17 (Fitch) Fitch Ratings has revised the Outlook on Sweden-based Telefonaktiebolaget LM Ericsson's (Ericsson) Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR and senior unsecured rating at 'BBB+.' The network modernisation strategy the company embarked upon in 2010 has improved its market position and the revenue mix has shifted in favour of margin accretive capacity expansion and upgrade

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