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Ericsson (NASDAQ: ERIC) is a global leader in mobile communication standards and technologies. With over 60,000 patents, Ericsson has a significant contribution to 3G, 4G, and 5G cellular technologies. The company's portfolio includes Networks, Cloud Software and Services, Enterprise Wireless Solutions, Global Communications Platform, and Technologies and New Businesses. Ericsson focuses on enabling communications service providers and enterprises to capture the full value of connectivity, driving digital transformation, efficiency, and new revenue streams.

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Ericsson (NASDAQ: ERIC) announces the appointment of Niklas Heuveldop as the new Head of Business Area Global Communications Platform and CEO of Vonage, effective February 1, 2024. Heuveldop has been leading Market Area North America since 2017 and has significantly strengthened Ericsson's position in North America, expanding market share with all leading customers and securing a USD 14 billion deal with AT&T. Yossi Cohen will replace Heuveldop as Head of Market Area North America, bringing 22 years of global expertise in technology, business, operations, and innovation.
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Ericsson's fourth-quarter results show a challenging market environment with a decline in sales. The company reported a -17% YoY decline in organic sales, with Networks sales down by -23%. Despite this, EBITA reached SEK 8.2 b. with an EBITA margin of 11.4%. Full-year sales declined organically by -10%, impacted by a -15% decrease in Networks, partly offset by an 11% growth in Enterprise. The reported EBITA for the full year was SEK 21.4 b. with a margin of 8.1%. The company also reported a net loss of SEK -26.1 b. for the year, impacted by goodwill impairment and restructuring charges. The press release highlights the company's focus on operational efficiency, tight cost management, and a commitment to driving long-term value for shareholders.
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Ericsson (ERIC) will release its financial report for the fourth quarter of 2024 at approximately 7:00 AM CET on January 23, 2024. President and CEO Börje Ekholm and CFO Carl Mellander will host a live video webcast at 9:00 AM CET to discuss the report and take questions. The report will be available on Ericsson's website, and the webcast will be accessible on-demand after the event.
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AT&T (T) plans to lead the US in open radio access network deployment, investing $14 billion over 5 years. The company aims for 70% wireless network traffic to flow across open-capable platforms by late 2026, with fully integrated open RAN sites operating in coordination with Ericsson and Fujitsu starting in 2024. The move towards open RAN will enable rapid scaling and management of mixed supplier hardware at each cell site. The company's joint commitment with Ericsson comes at a pivotal moment in the 5G innovation cycle, positioning AT&T to quickly capitalize on the next generation of wireless technology and spectrum. This move is expected to yield more innovation, greater efficiencies, and lower network costs, enabling the company to continue investing in its fast-growing broadband network.
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Ericsson (NASDAQ: ERIC) announces changes in its Nomination Committee with Bengt Kjell, AB Industrivärden, replacing Karl Åberg. The committee now includes Johan Forssell, Investor AB; Bengt Kjell, AB Industrivärden; Anders Oscarsson, AMF Tjänstepension & AMF Fonder; Christer Gardell, Cevian Capital Partners Limited; and Jan Carlson, the Chair of the Board of Directors. Johan Forssell is the Chair of the Nomination Committee.
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Ericsson (ERIC) predicts that global 5G subscriptions will exceed 5.3 billion by the end of 2029. The average data consumption per smartphone is projected to rise from 21GB/month to 56GB/month between 2023 and 2029. Additionally, 85 percent of the global population is expected to have 5G coverage access by the end of 2029.
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Ericsson announces impairment charge of SEK 32 billion and provides update on Q3 earnings
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Ericsson to hold briefing session on sustainability and responsible business
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Ericsson and Huawei renew multi-year global patent cross-licensing agreement for 3G, 4G, and 5G technologies. Ericsson estimates full-year 2023 IPR licensing revenues to be approximately SEK 11 billion.
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Ericsson reports second quarter 2023 results. Group organic sales declined by -9% YoY, with Networks sales declining by -13% and Enterprise sales growing by 20%. Gross income decreased to SEK 24.7 b. EBITA amounted to SEK 3.7 b. with an EBITA margin of 5.7%. Net loss was SEK -0.6 b. Free cash flow before M&A was SEK -5.0 b. Net cash on June 30, 2023, was SEK 1.9 b.
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FAQ

What are Ericsson's core business areas?

Ericsson's core business areas include Networks, Cloud Software and Services, Enterprise Wireless Solutions, Global Communications Platform, and Technologies and New Businesses.

What does Ericsson offer to customers?

Ericsson enables communications service providers and enterprises to capture the full value of connectivity, supporting digital transformation, efficiency, and new revenue streams.

What is Ericsson's contribution to mobile technologies?

With a portfolio of over 60,000 patents, Ericsson is a key player in the development of 3G, 4G, and 5G cellular technologies, driving innovations in mobile communication standards.

What is Ericsson's focus in the industry?

Ericsson aims to strengthen its leadership in mobile networks, expand into the enterprise sector, and drive cultural transformation to ensure ethical standards and effective risk management.

How does Ericsson support its customers?

By offering network APIs, Ericsson enables operators to create new revenue streams through developers and enterprises, shaping the future of the industry with leading technology and a high-growth Enterprise platform business.

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