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Telefonaktiebolaget LM Ericsson (ERICa.ST)

ERICa.ST on Stockholm Stock Exchange

54.45SEK
22 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Swisscom picks Ericsson to supply Gigabit LTE and 5G
Wednesday, 8 Nov 2017 02:05am EST 

Nov 8 (Reuters) - Swisscom AG :Swisscom says selects Ericsson <<>> as strategic supplier for Gigabit LTE and 5G.Swisscom says Ericsson to provide complete digital transformation of Swisscom's network to nationwide gigabit lte and deployment of 5G.  Full Article

Ericsson top chiefs Frykhammar and Mandersson to leave company
Tuesday, 7 Nov 2017 02:30am EST 

Nov 7 (Reuters) - Ericsson :Says ‍Fredrik Jejdling appointed Executive Vice President, in addition to his current role as head of business area Networks​.Says ‍Jan Frykhammar, Executive Vice President and advisor to CEO, to leave his role as Executive Vice President and Ericsson executive team, effective November 7, 2017.Magnus Mandersson, Executive Vice President and advisor to the CEO, to leave his role as Executive Vice President and the Ericsson Executive Team, effective November 7, 2017​.Ericsson says ‍both Mr Frykhammar and Mr Mandersson will leave Ericsson to pursue other opportunities​.  Full Article

Ericsson CEO sees current savings program enough to reach margin target
Friday, 20 Oct 2017 07:00am EDT 

Oct 20 (Reuters) - Ericsson CEO Borje Ekholm at tele conference with analysts and reporters::Says thinks current savings program enough to reach margin target after 2018.  Full Article

Assa Abloy CEO Molin says has not been asked to become chairman of Ericsson
Thursday, 5 Oct 2017 04:54am EDT 

Oct 5 (Reuters) - Assa Abloy Ab CEO Johan Molin tells Reuters::Says has not been asked to become chairman of Ericsson.Says, when asked if he rules out to become Ericsson's chairman: "It's a hypothetical question that I don't want to answer. It's not on the cards for me, at least not today.".  Full Article

Global Dominion Access is in preliminary talks over JV with Ericsson
Wednesday, 4 Oct 2017 02:44am EDT 

Oct 4 (Reuters) - Global Dominion Access SA ::SAYS IN PRELIMINARY TALKS WITH ERICSSON GROUP <<>> TO EVALUATE POTENTIAL JOINT VENTURE ON DEVELOPMENT AND MAINTENANCE OF TELECOMMUNICATION INFRASTRUCTURE NETWORKS‍​.  Full Article

Sweden's Ericsson plans to reduce Spanish work force by 450 people - union
Tuesday, 26 Sep 2017 08:19am 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