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Telefonaktiebolaget LM Ericsson (ERIC.OQ)

ERIC.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Ericsson says Chief Marketing and Communications Officer Norrman to leave firm
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - Telefonaktiebolaget LM Ericsson ::ANNOUNCES CHANGE TO THE EXECUTIVE TEAM.SAYS HELENA NORRMAN HAS DECIDED TO LEAVE ERICSSON TO PURSUE OPPORTUNITIES OUTSIDE COMPANY.SAYS HELENA NORRMAN, WHO HAS BEEN WITH COMPANY SINCE 1998, WILL LEAVE HER POSITION AS SENIOR VICE PRESIDENT, CHIEF MARKETING AND COMMUNICATIONS OFFICER AND HEAD OF MARKETING AND CORPORATE RELATIONS, EFFECTIVE NO LATER THAN JUNE 30, 2019.  Full Article

India's RCom Says SC Has Given 4 Weeks' Time To File Response To Contempt Petition Filed By Ericsson
Monday, 7 Jan 2019 

Jan 7 (Reuters) - Reliance Communications Ltd ::SUPREME COURT HAS GIVEN 4 WEEKS' TIME TO FILE CO'S RESPONSE TO CONTEMPT PETITION FILED BY ERICSSON.ERICSSON HAS BEEN GIVEN ONE WEEK'S TIME TO FILE ITS REJOINDER.HAS DEPOSITED A PARTIAL PAYMENT OF 1.31 BILLION RUPEES TO ERICSSON FROM OPERATIONAL FUNDS AVAILABLE WITH COMPANY.TOOK REQUIRED STEPS TO ENABLE SETTLEMENT, REMAINS FULLY COMMITTED TO MAKE PAYMENT TO ERICSSON FROM PROCEEDS OF SPECTRUM SALE.  Full Article

India's RCom Says NCLAT Adjourned Hearing To Jan 22 In Matter Of Ericsson & Reliance Infratel Minority Related Settlement Petition
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - Reliance Communications Ltd ::NCLAT IN MATTER OF ERICSSON PETITION AND RELIANCE INFRATEL MINORITY RELATED SETTLEMENT PETITION ADJOURNED HEARING TO JAN 22.  Full Article

Cevian Capital says Ericsson has potential beyond new targets
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Cevian Capital in email to Reuters, on Telefonaktiebolaget LM Ericsson ::INVESTOR CEVIAN CAPITAL SAYS IT SEES FURTHER POTENTIAL IN ERICSSON VERSUS CO'S NEW TARGETS GIVEN ON THURSDAY, BUT HIGHER AMBITION LEVEL IS STEP IN RIGHT DIRECTION.  Full Article

Ericsson Group Profitability Target And Net Sales Ambition 2020
Thursday, 8 Nov 2018 

Nov 7 (Reuters) - Telefonaktiebolaget LM Ericsson ::GROUP PROFITABILITY TARGET AND NET SALES AMBITION 2020.AMBITION FOR NET SALES IS INCREASED TO SEK 210 - 220 (190-200) B. BY 2020.IN NETWORKS, INCREASED INVESTMENTS IN RESEARCH AND DEVELOPMENT FOR TECHNOLOGY AND COST LEADERSHIP WILL CONTINUE.LONG-TERM PROFITABILITY TARGET FOR GROUP FOR OPERATING MARGIN OF MORE THAN 12% EXCLUDING RESTRUCTURING NOW SET TO 2022 AT LATEST.Q4 2018 WILL BE NEGATIVELY IMPACTED BY SEK -0.5 B., OF WHICH SEK -0.2 B. OF RESTRUCTURING CHARGES IMPACTS CASHFLOW.  Full Article

Fujitsu And Ericsson To Team Up On 5G Base Stations - Nikkei
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Nikkei: :FUJITSU AND ERICSSON TO TEAM UP TO DEVELOP AND MANUFACTURE BASE STATIONS FOR FIFTH-GENERATION WIRELESS COMMUNICATIONS - NIKKEI.  Full Article

India's RCom Says SC Allowed Co To Pay Dues To Ericsson On Or Before Dec 15
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Reliance Communications Ltd ::SAYS SUPREME COURT ALLOWED CO TO PAY DUES TO ERICSSON ON OR BEFORE DECEMBER 15, 2018.  Full Article

Ericsson CFO says maintains networks market forecast of -1 pct 2019
Wednesday, 17 Oct 2018 

Oct 18 (Reuters) - Ericsson Chief Financial Officer Carl Mellander to Reuters: :Says maintains networks market forecast of -1 percent 2019.Says sees roughly flat networks sales in North America in Q4 versus Q3.Says sees seasonality in Q4 versus Q3 sales "a few percentage points" lower versus average of 17-18 percent growth in recent years.  Full Article

Reliance Communications Says Granted Relief By Telecom Disputes Settlement & Appellate Tribunal
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - Reliance Communications Ltd ::SAYS RELIANCE COMMUNICATIONS GRANTED RELIEF BY TELECOM DISPUTES SETTLEMENT & APPELLATE TRIBUNAL.SAYS SPECTRUM TRADING TO BE COMPLETED WITHOUT BANK GUARANTEE OF 29 BILLION RUPEES DEMANDED BY DOT.SAYS RCOM TO RECEIVE 9.75 BILLION RUPEES FROM SALE OF SPECTRUM.TO PAY ERICSSON 5.50 BILLION RUPESS & RITL MINORITY INVESTORS 2.30 BILLION RUPEES FROM SPECTRUM TRADING PROCEEDS.  Full Article

Ericsson To Acquire CENX To Boost Network Automation Capability
Tuesday, 4 Sep 2018 

Sept 4 (Reuters) - Ericsson ::TO ACQUIRE CENX TO BOOST NETWORK AUTOMATION CAPABILITY.SAYS CENX EMPLOYS 185 PEOPLE.CENX, FOUNDED IN 2009, IS HEADQUARTERED IN JERSEY CITY, NEW JERSEY .THE COMPANY ACHIEVED SIGNIFICANT YEAR-OVER-YEAR REVENUE GROWTH IN THE FISCAL YEAR THAT ENDED DECEMBER 31, 2017.  Full Article

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Reliance Communications posts wider loss in third quarter

Debt-laden Indian telecom company Reliance Communications Ltd (RCom) on Wednesday reported a wider loss for the third quarter, hurt by higher expenses.