Ericsson American Depositary Shares - ERIC STOCK NEWS

On December 9, 2022, Niko Pakalén succeeded Jonas Synnergren as the representative for Cevian Capital Partners Limited on Ericsson's Nomination Committee. The committee now comprises five members, including Johan Forssell, Karl Åberg, Anders Oscarsson, and Ronnie Leten, who chairs the committee. This change in representation is part of Ericsson's governance structure, which includes efforts to ensure effective shareholder representation and decision-making.

Ericsson and Apple have reached a multi-year global patent license agreement that includes a cross-license for patented cellular standard-essential technologies. This settlement resolves all ongoing patent-related lawsuits between the two companies across various jurisdictions, including the US. Ericsson expects fourth quarter 2022 IPR licensing revenues to be between SEK 5.5 - 6.0 billion. The agreement is deemed strategically important for Ericsson's 5G licensing program and positions both companies to enhance their collaboration in technology development.

Ericsson emphasizes the critical role of telecom standards in fostering global connectivity, economic growth, and job creation. Highlighting the impact of the 3GPP standards organization, the company notes that mobile technologies accounted for 4.7% of global GDP, equating to $4.1 trillion in economic value. The telecom sector supported 30 million jobs and contributed $490 billion in taxes. The future of telecom is linked to the evolution of 5G and its role in decarbonization, with predictions of nearly 3.5 billion 5G connections by 2026.

Ericsson has announced the transfer of its IoT Accelerator and Connected Vehicle Cloud businesses to Aeris, which will solidify Aeris' position as a market leader in IoT. This transaction is set to close in Q1 2023 and includes the transfer of assets and employees. While the divestment will incur a one-off negative EBIT impact of SEK 1.1 billion in Q4 2022, it is expected to eliminate ongoing losses of SEK 0.25 billion per quarter. Together, the platforms will connect over 100 million IoT devices across 190 countries.

The November 2022 Ericsson Mobility Report highlights robust growth in global 5G subscriptions, anticipated to reach one billion by year-end 2022 and five billion by the end of 2028. Fixed Wireless Access (FWA) connections are expected to surpass 300 million by 2028, driven largely by demand in emerging markets. The report indicates that 5G is outpacing 4G in adoption rates, with significant deployments in North America and Asia. Furthermore, the telecommunications sector is urged to mitigate environmental impacts through smart network modernization and sustainable practices.

A new study commissioned by Ericsson highlights that 15 emerging markets could see GDP growth of 0.3-0.46% by 2035 from 5G connectivity. The report, conducted by Analysys Mason, indicates that the economic benefits from 5G deployment outweigh costs by three to seven times. It emphasizes that enhanced mid-band 5G coverage could account for 80% of economic gains, particularly in agriculture and smart industry sectors. Governments are encouraged to treat 5G as national infrastructure and implement supportive policies.

Ericsson has achieved a peak data rate of over 1Gbps for a single user device during a 5G Standalone field trial in Plano, Texas, utilizing Citizen's Broadband Radio Service (CBRS) spectrum. This groundbreaking achievement marks the world's first demonstration of such high speeds in an indoor environment. Key results include seamless transitions between indoor and outdoor networks and advanced capabilities of the Ericsson Radio Dot 4459 for CBRS applications. This innovation aims to enhance connectivity for consumers and enterprises, promoting the deployment of Private 5G networks.

Cradlepoint has announced the certification of its W1850 Series 5G Wideband Adapter for the Bell 5G network, marking it as the first enterprise-grade 5G Wireless WAN solution certified by Bell. This adapter will provide business and public sector customers with high-speed connectivity ideal for bandwidth-intensive applications. With the increasing demand for 5G solutions across Canada, this certification is expected to accelerate digital transformation for organizations. The W1850 adapter is managed via NetCloud Manager, ensuring reliability and security.