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Telefonaktiebolaget LM Ericsson (ERIC.OQ)

ERIC.OQ on NASDAQ Stock Exchange Global Select Market

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19 Nov 2019
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Latest Key Developments (Source: Significant Developments)

Ericsson Modernizes Hydro-Quebec's Network Inventory System
Friday, 18 Oct 2019 

Oct 18 (Reuters) - Telefonaktiebolaget LM Ericsson ::MODERNIZES HYDRO-QUEBEC'S NETWORK INVENTORY SYSTEM.ERICSSON EXTENDS PARTNERSHIP WITH HYDRO-QUÉBEC ON NETWORK INVENTORY MANAGEMENT SYSTEM.AGREEMENT INCLUDES A MODERNIZATION PROJECT USING ERICSON'S LATEST SOLUTION, ADAPTIVE INVENTORY.MODERNIZATION PROJECT IS EXPECTED TO BE COMPLETE IN SECOND HALF OF 2020.  Full Article

Ericsson Estimates Costs For Resolving Investigations By U.S. Authorities At SEK 12 Bln
Thursday, 26 Sep 2019 

Sept 25 (Reuters) - Telefonaktiebolaget LM Ericsson ::ESTIMATES COSTS FOR RESOLVING INVESTIGATIONS BY U.S. AUTHORITIES AT SEK 12 BLN AND MAKES PROVISION IN THIRD QUARTER.PROCESS TO FIND A RESOLUTION IS STILL ONGOING.HAS BEEN CO-OPERATING VOLUNTARILY WITH INVESTIGATIONS BY SEC & WITH US DOJ REGARDING COMPLIANCE WITH U.S. FOREIGN CORRUPT PRACTICES ACT.IN COURSE OF INVESTIGATIONS, COMPANY IDENTIFIED BREACHES OF ITS CODE OF BUSINESS ETHICS AND U.S. FOREIGN CORRUPT PRACTICES ACT.CO'S ASSESSMENT THAT BREACHES ARE RESULT OF SEVERAL DEFICIENCIES, INCLUDING A FAILURE TO REACT TO RED FLAGS AND INADEQUATE INTERNAL CONTROLS.CURRENT ESTIMATE OF EXPENDITURE RELATED TO RESOLVING U.S. INVESTIGATIONS OF WHICH COMBINED MONETARY SANCTIONS FROM SEC & DOJ IS ABOUT AT $1 BILLION.COMPANY HAS IMPLEMENTED REFORMS TO ADDRESS IDENTIFIED GAPS AND FURTHER STRENGTHEN PROGRAM.CO ACTED TO ADDRESS SHORTCOMINGS, SIGNIFICANTLY ENHANCING ITS ETHICS & COMPLIANCE PROGRAM, TO ENSURE CO IS EQUIPPED TO DO BUSINESS RIGHT WAY.OVER PAST TWO YEARS, HAVE MADE SIGNIFICANT INVESTMENTS IN ETHICS AND COMPLIANCE PROGRAM INCLUDING OUR INVESTIGATIVE CAPABILITIES.IN ADDITION TO COSTS FOR RESOLVING INVESTIGATIONS, CO COULD EXPERIENCE REPUTATIONAL HARM & NEGATIVE CONSEQUENCES AS RESULT OF THESE MATTERS.HARM TO REPUTATION, OR ANY RESULTING DISRUPTION IN CUSTOMER OR SUPPLIER RELATIONSHIPS, COULD HAVE A MATERIAL ADVERSE IMPACT ON CO'S BUSINESS.  Full Article

Ericsson AnnounceS Lewisville, Texas, Will Be Location Of Its Fully Automated Smart Factory In United States
Thursday, 19 Sep 2019 

Sept 19 (Reuters) - Telefonaktiebolaget LM Ericsson ::ERICSSON - ANNOUNCED LEWISVILLE, TEXAS, WILL BE LOCATION OF ITS FULLY AUTOMATED SMART FACTORY IN UNITED STATES.  Full Article

Nokia CFO: Strong H1 Gave Confidence To Hike Market View
Thursday, 25 Jul 2019 

July 25 (Reuters) - Nokia Oyj ::NOKIA CFO SAYS STRONG H1 GAVE CONFIDENCE TO RAISE FY 2019 MARKET GROWTH FORECAST.NOKIA CFO SAYS CAN NO LONGER FORECAST FOR SEQUENTIAL GROSS MARGIN IMPROVEMENT IN Q3 AFTER STRONG Q2.  Full Article

Ericsson Q2 Operating Income In Line With Estimates At SEK 3.7 Billion
Wednesday, 17 Jul 2019 

July 17 (Reuters) - Telefonaktiebolaget LM Ericsson ::REPORTS SECOND QUARTER RESULTS 2019.Q2 SALES 54.8 BILLION (REFINITIVE POLL: SEK 53.22 BILLION).Q2 OPERATING INCOME SEK 3.7 BILLION (REFINITIV POLL: SEK 3.7 BILLION).Q2 GROSS MARGIN WAS 36.6% (34.8%).ORGANIC SALES GROWTH WAS 7% IN THE Q2, MAINLY DRIVEN BY SALES IN NORTH AMERICA AND NORTH EAST ASIA.SAYS STRATEGIC CONTRACTS IN NETWORKS, WITH INITIALLY LOW MARGINS, TAKEN TO STRENGTHEN MARKET POSITION, WILL HAVE A NEGATIVE IMPACT ON GROSS MARGIN WITHOUT JEOPARDIZING 2020 TARGET.SAYS NEGATIVE IMPACT IS EXPECTED TO INCREASE IN 2H 2019.SAYS RESTRUCTURING CHARGES FOR FULL-YEAR 2019 ARE ESTIMATED TO BE SEK -2 TO -4 B. ( PREVIOUS ESTIMATE WAS SEK -3 TO -5 B.).LARGE 5G DEPLOYMENTS IN PARTS OF ASIA ARE EXPECTED TO COMMENCE AT END OF 2019 AND WILL GRADUALLY IMPACT GROSS MARGIN NEGATIVELY IN SHORT TERM..NETWORKS RESEARCH AND DEVELOPMENT EXPENSES ARE EXPECTED TO FLATTEN OUT..TWO-YEAR AVERAGE SALES SEASONALITY BETWEEN Q2 AND Q3 IS 3%. CURRENT SALES LEVEL IN NORTH AMERICA IS EXPECTED TO REMAIN THROUGHOUT 2019..  Full Article

Ericsson And Intellectual Ventures Sign License Agreement
Monday, 10 Jun 2019 

June 10 (Reuters) - Ericsson ::AND INTELLECTUAL VENTURES SIGN LICENSE AGREEMENT.LICENSE AGREEMENT ENDS ALL PATENT INFRINGEMENT LAWSUITS BETWEEN COMPANIES,.EXPECTS A NEGATIVE IMPACT ON OPERATING INCOME WITHIN SEGMENT NETWORKS IN Q2 2019.TERMS OF AGREEMENT ARE CONFIDENTIAL.  Full Article

Grupo Ezentis Signs Deal With Ericsson For 40 Mln Euros
Thursday, 30 May 2019 

May 30 (Reuters) - Grupo Ezentis SA ::SAYS SIGNS AGREEMENT WITH ERICSSON FOR SUBSCRIPTION OF NEW DEAL FOR ABOUT 40 MILLION EUROS FOR INITIAL PERIOD.CONTRACT FOR MAINTENANCE OF FIXED AND MOBILE NETWORK OF SOME OF ERICSSON CUSTOMERS IN SPAIN, FOR 3 YEARS EXTENDABLE FOR 2 MORE.  Full Article

NCLAT Says If IBC Triggered Against Reliance Communications, Ericsson Will Have To Refund 5.78 Bln Rupees - CNBC TV18
Monday, 8 Apr 2019 

April 8 (Reuters) - :NCLAT SAYS IF IBC TRIGGERED AGAINST RELIANCE COMMUNICATIONS LTD, ERICSSON WILL HAVE TO REFUND 5.78 BILLION RUPEES- CNBC TV18.NCLAT DIRECTS ERICSSON TO CLARIFY ON STATE OF PROCEEDINGS BEFORE SUPREME COURT - CNBC TV18.  Full Article

Veon Announces Revised Technology Infrastructure Partnership With Ericsson
Monday, 25 Feb 2019 

Feb 25 (Reuters) - Veon Ltd ::VEON ANNOUNCES REVISED TECHNOLOGY INFRASTRUCTURE PARTNERSHIP WITH ERICSSON.AS PART OF REVISED AGREEMENT, VEON WILL RECEIVE $350 MILLION DURING FIRST HALF OF 2019.  Full Article

Reliance Communications Requests "Urgent Approval" From Lenders To Release About 2.60 Bln Rupees
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Reliance Communications Ltd ::RELIANCE COMMUNICATIONS - "REQUESTED URGENT APPROVAL" FROM LENDERS TO RELEASE ABOUT 2.60 BILLION RUPEES, GOT FROM INCOME TAX REFUNDS, DIRECTLY TO ERICSSON.RCOM IS CONFIDENT OF RAISING BALANCE OF ABOUT 2 BILLION RUPEES FOR PAYMENT TO ERICSSON.SAYS SUM OF 1.18 BILLION RUPEES HAS ALREADY BEEN DEPOSITED WITH SC.RELIANCE COMMUNICATIONS-IS CONFIDENT ENTIRE SUM PLUS INTEREST WILL STAND PAID TO ERICSSON WELL WITHIN 4 WEEKS ALLOWED BY SC.  Full Article

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Exclusive: Huawei in early talks with U.S. firms to license 5G platform - Huawei executive

WASHINGTON Blacklisted Chinese telecoms equipment giant Huawei is in early-stage talks with some U.S. telecoms companies about licensing its 5G network technology to them, a Huawei executive told Reuters on Friday.