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Telefonaktiebolaget LM Ericsson (ERICb.ST)

ERICb.ST on Stockholm Stock Exchange

66.46SEK
22 May 2018
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Latest Key Developments (Source: Significant Developments)

Reliance Communications Says Supreme Court Quashes Bombay High Court Stay On RCom Asset Sale
Thursday, 5 Apr 2018 05:24am EDT 

April 5 (Reuters) - Reliance Communications::SUPREME COURT VACATES STAY GRANTED IN FAVOUR OF ERICSSON BY BOMBAY HIGH COURT.LENDERS TO PROCEED WITH CO'S ASSETS SALE."CONFIDENT" OF ACHIEVING OVERALL DEBT REDUCTION OF ABOUT 250 BILLION RUPEES WITHIN THE NEXT FEW WEEKS.NOW NO BAR IN IMMEDIATELY COMPLETING ASSET SALES OF SPECTRUM, MCNS AND REAL ESTATE; SAME SHALL BE CONCLUDED EXPEDITIOUSLY.CLAIM OF MINORITY INVESTORS (WHICH IS FULLY DISPUTED BY RCOM) CAN BE MAXIMUM OF ABOUT 2-3 BLN RUPEES FROM SALES PROCEEDS.RCOM INTENDS FILING APPEAL BEFORE NCLT ON FRIDAY, WITH A REQUEST FOR EXPEDITIOUS DISPOSAL OF SAME.  Full Article

Grupo Ezentis SA Buys Excellence Field Factory From Ericsson For 29.5 Million Euros
Tuesday, 3 Apr 2018 02:44am EDT 

April 3 (Reuters) - Grupo Ezentis SA ::BUYS EXCELLENCE FIELD FACTORY (EFF) FROM ERICSSON FOR 29.5 MILLION EUROS.BUYS EFF WITH 7.0 MILLION EUROS IN CASH AND 22.5 MILLION EUROS IN EZENTIS SHARES.ERICSSON ERICB.ST TO ENTER EZENTIS WITH 11 PERCENT STAKE.  Full Article

Reliance Communications Intends To Appeal Against Mumbai HC Order Regarding Sale Of Assets
Thursday, 8 Mar 2018 05:01am EST 

March 8 (Reuters) - Reliance Communications Ltd ::SAYS CO INTENDS TO FILE APPEAL AGAINST INTERIM ORDER OF MUMBAI HIGH COURT REGARDING SALE OF ASSETS.SAYS SALE OF ASSETS BEING UNDERTAKEN IN PURSUANCE OF DECISIONS OF SECURED FINANCIAL LENDERS."CLAIMS OF SECURED FINANCIAL LENDERS STAND HIGHER IN PRIORITY AS COMPARED TO ERICSSON, WHICH IS AN UNSECURED OPERATIONAL VENDOR"‍​.  Full Article

Zain Group, Ericsson to Develop and Test Selected 5G, IoT Cases‍​
Wednesday, 28 Feb 2018 02:00am EST 

Feb 28 (Reuters) - MOBILE TELECOMMUNICATIONS COMPANY ::CO AND ERICSSON SIGN MOU TO JOINTLY DEVELOP AND TEST SELECTED 5G AND INTERNET OF THINGS (IOT) CASES‍​.  Full Article

Grupo Ezentis In Talks With Ericsson Espana‍​ Over Potential Assets or Services Acquisition
Friday, 9 Feb 2018 03:27am EST 

Feb 9 (Reuters) - Grupo Ezentis SA ::SAYS IS IN TALKS WITH ERICSSON ESPANA‍​ OVER POTENTIAL ACQUISITION OF ASSETS OR SERVICES FROM ERICSSON <<>>.  Full Article

One Equity Partners Acquires Majority Share In Ericsson Media Solutions
Wednesday, 31 Jan 2018 08:00am EST 

Jan 31 (Reuters) - Telefonaktiebolaget Lm Ericsson ::ONE EQUITY PARTNERS ACQUIRES MAJORITY SHARE IN ERICSSON MEDIA SOLUTIONS.ONE EQUITY PARTNERS - ADDITIONAL TERMS OF PRIVATE TRANSACTION WERE NOT DISCLOSED.  Full Article

Ericsson CEO says to increase speed of execution on costs for Digial Services
Wednesday, 31 Jan 2018 03:51am EST 

Jan 31 (Reuters) - Ericsson CEO Borje Ekholm and CFO Carl Mellander told news conference::CEO SAYS SEES QUITE A LOT OF TRACTION ON 5G, PRIMARILY NORTH AMERICA AND NORTH EAST ASIA.CEO SAYS WILL INCREASE SPEED OF EXECUTION ON COST SIDE IN SEGMENT DIGITAL SERVICES.CFO SAYS SEES UPSIDE POTENTIAL FOR GROSS MARGIN IN 2018.CEO SAYS MEDIA SOLUTIONS STRATEGICALLY IMPORTANT FOR OUR CUSTOMERS.  Full Article

Ericsson: ‍result of impairment testing write-down of SEK 14.2 bln​
Tuesday, 16 Jan 2018 02:30am EST 

Jan 16 (Reuters) - Ericsson ::NON-CASH CHARGE FROM CONCLUDED IMPAIRMENT AND REVALUATED U.S. TAX ASSETS.SAYS ‍RESULT OF IMPAIRMENT TESTING IS A WRITE-DOWN OF SEK 14.2 B​.SAYS ‍SEGMENT DIGITAL SERVICES: IMPAIRMENT OF SEK 6.7 B. OF GOODWILL AND SEK 0.4 B. OF INTANGIBLE ASSETS​.SAYS ‍SEGMENT OTHER: IMPAIRMENT OF SEK 6.0 B. OF GOODWILL, SEK 0.3 B. OF INTANGIBLE ASSETS, AND SEK 0.4 B. OF FIXED ASSETS​.SAYS ‍LOWERING OF U.S. CORPORATE INCOME TAX RATE FROM 35% TO 21% (EFFECTIVE 1 JANUARY 2018) REQUIRES A REVALUATION OF U.S. DEFERRED TAX ASSETS​.SAYS ‍CURRENT ESTIMATED IMPACT WILL BE A NON-CASH CHARGE TO GROUP INCOME STATEMENT OF APPROXIMATELY SEK 1.0 B. THAT WILL IMPACT INCOME TAX EXPENSES​.SAYS ‍SEGMENT MANAGED SERVICES: IMPAIRMENT OF SEK 0.3 B. OF DEFERRED COSTS RELATED TO TERMINATION OF CERTAIN TRANSFORMATION ACTIVITIES​.SAYS ‍SEGMENT NETWORKS: IMPAIRMENT OF SEK 0.2 B. OF CAPITALIZED DEVELOPMENT EXPENSES RELATED TO TECHNOLOGIES THAT ARE NO LONGER PLANNED TO BE USED​.  Full Article

Ericsson wins contract with Deutsche Telekom
Thursday, 14 Dec 2017 03:10am EST 

Dec 14 (Reuters) - Telefonaktiebolaget LM Ericsson ::ERICSSON SAYS DEUTSCHE TELEKOM SELECTS ERICSSON FOR 5G-READY NETWORK.ERICSSON SAYS TO BE SUPPLIER OF MULTI-STANDARD RADIO NETWORK FOR ONE OUT OF TWO MARKET AREAS OF DEUTSCHE TELEKOM IN GERMANY.SAYS DEAL IS A FIVE-YEAR AGREEMENT INCLUDING DELIVERING A MULTI-STANDARD RADIO ACCESS NETWORK, BASED ON ERICSSON’S BASEBAND 6630 PRODUCT AND MULTI-STANDARD RADIOS, ERICSSON NETWORK MANAGER FOR OSS, AS WELL AS HARDWARE AND SOFTWARE SUPPORT AND SERVICES.  Full Article

Verizon Awards 5G Contract To Ericsson
Monday, 11 Dec 2017 02:32pm EST 

Dec 11 (Reuters) - Telefonaktiebolaget Lm Ericsson ::VERIZON AWARDS 5G CONTRACT TO ERICSSON.ERICSSON - VERIZON HAS SELECTED CO TO PROVIDE NETWORKING EQUIPMENT FOR THEIR COMMERCIAL 5G LAUNCH.ERICSSON - VERIZON WILL DEPLOY PRE-STANDARD 5G COMMERCIAL RADIO NETWORK AND 5G CORE NETWORK IN SELECT MARKETS IN SECOND HALF OF 2018.  Full Article

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Debt-laden RCom in advanced talks with Ericsson to resolve issues

MUMBAI Reliance Communications said it was in advanced talks with Ericsson to resolve "commercial issues", after two sources indicated it was currently uncertain if the firms' discussions over dues would lead to an out-of-court settlement.