Telefonaktiebolaget LM Ericsson

European shares edged higher on Friday as focus turned to Brussels where European Union leaders are expected to hammer out details of a 750-billion-euro recovery fund, with positive earnings updates from Ericsson, Daimler and other firms also supporting gains.

Sweden's Ericsson reported quarterly core earnings ahead of market estimates on Friday, buoyed by higher margins on the sale of telecom equipment, and said it was keeping its financial targets for 2020 and 2022.

Ericsson <ERICb.ST> is not sourcing products from Panda Electronics Group, one of the companies named by the United States as potentially controlled by the Chinese military, the Swedish telecom gear maker said on Tuesday.

Telecoms operators in Singapore said they had selected Nokia and Ericsson to build infrastructure for new 5G networks.

Despite coronavirus lockdowns hitting global supply chains and construction projects, telecommunication firms have continued to contract equipment from Chinese technology giant Huawei [HWT.UL], Finland's Nokia <NOKIA.HE> and Sweden's Ericsson <ERICb.ST> to build fifth-generation...

Sweden's Ericsson has almost doubled its global forecast for 5G mobile subscriptions to 190 million by the end of this year, due to faster than expected uptake in China.

The United States is in talks with Brazil and its local telecommunications companies on funding the acquisition of fifth-generation gear produced by Ericsson and Nokia, U.S. ambassador for Brazil Todd Chapman told Brazilian newspaper Folha de S.Paulo.

Ericsson expects to take a second-quarter writedown of about 1 billion crowns ($109 million) on product inventory in China, the Swedish telecoms gear maker said on Monday.

Ericsson's second-quarter results will take a hit of about 1 billion Swedish crowns ($108.8 million) due to write-downs of product inventory in the Chinese market, the firm said on Monday.

Ericsson shares hit a high for the year after the Swedish telecom equipment maker increased its footprint in Canada by winning a 5G contract from Bell Canada, beating out China's Huawei.

Two of Canada's largest telecoms firms on Tuesday teamed with Sweden's Ericsson <ERICb.ST> and Finland's Nokia Oyj <NOKIA.HE> to build fifth-generation (5G) telecoms networks, ditching China's Huawei Technologies for the project.

Bell Canada on Tuesday chose Sweden's Ericsson to be its 5G network equipment supplier, while smaller rival Telus Corp picked Ericsson and Finland's Nokia Oyj, with Huawei continuing to face an uncertain future in the country.

Telefonica Deutschland will build its 5G core mobile network in Germany using equipment from Ericsson, saying the choice of the Swedish supplier would safeguard the security of its next-generation services.

Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia <NOKIA.HE> on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for eight years.

Swedish telecom equipment maker Ericsson said on Monday it will lift its forecast for 5G subscriptions globally to around 2.8 billion by 2025 from 2.6 billion seen previously as a consequence of the novel coronavirus pandemic.

Activist investor Cevian Capital has trimmed its holding in Sweden's Ericsson to 7.4% of share capital, saying the telecom equipment maker's share of Cevian's portfolio had become too large.

Activist investor Cevian Capital has trimmed its holding in telecom equipment maker Ericsson according to a filing with the U.S. Securities and Exchange Commission on Friday.

Ericsson posted better than expected quarterly earnings on strong demand for 5G network equipment even as the coronavirus wreaked havoc, lifting the Swedish telecoms company's shares 5% in early trade.

Sweden's Investor AB raised its holding in robotics firm ABB, telecom equipment maker Ericsson and commercial kitchen equipment firm Electrolux Professional during the first quarter, it said in its quarterly earnings report on Wednesday.