Telefonaktiebolaget LM Ericsson (ERICb.ST)
STOCKHOLM, May 19 Mobile telecom equipment maker Ericsson:
* Says Rima Qureshi, senior vice president and head of market area North America, will leave her position and Ericsson executive team, effective may 11, 2017
STOCKHOLM, May 3 Credit rating firm Moody's downgraded mobile telecom equipment maker Ericsson to non-investment grade on Wednesday, citing a sluggish outlook for earnings and cash flow in 2017 and 2018, sending its share more than 2 percent lower.
(The following statement was released by the rating agency) MOSCOW, April 28 (Fitch) Fitch Ratings has downgraded Telefonaktiebolaget LM Ericsson's Long-Term Issuer Default Rating (IDR) and senior unsecured rating to 'BBB' from 'BBB+'. The Outlook on the IDR is Negative. The downgrade and the Negative Outlook reflect operating and financial challenges facing Ericsson, at least over the next 18-24 months. Significant revenue pressure in the core networks segment and a re-sizing of the media and I
HELSINKI Finnish telecom networks equipment maker Nokia reported a slowing rate of sales decline on Thursday, saying the global networks market was showing signs of recovery, particularly in North America and India.
LONDON/STOCKHOLM Mobile telecom equipment maker Ericsson faces a long and painful overhaul after shrinking markets, tough competition and restructuring costs pushed it to a quarterly operating loss on Tuesday.
* Shares down 3.2 percent (Adds CEO comment, analyst and banker comments, background)
April 25 Ericsson CEO Borje Ekholm at telephone conference:
* Says repeats sees mobile infrastructure market to stabilize after 2017 Further company coverage: (Reporting by Stockholm Newsroom)
STOCKHOLM, April 25 Mobile telecom equipment maker Ericsson reported a slightly bigger than expected first-quarter operating loss on Tuesday and said industry trends and business mix in mobile broadband from 2016 were expected to prevail in 2017.