Previous Close | 5.13 |
Open | 5.15 |
Bid | 5.17 x 41800 |
Ask | 5.18 x 1000 |
Day's Range | 5.16 - 5.20 |
52 Week Range | 5.10 - 8.32 |
Volume | |
Avg. Volume | 9,360,453 |
Market Cap | 17.371B |
Beta (5Y Monthly) | 0.27 |
PE Ratio (TTM) | 10.82 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 0.24 (4.69%) |
Ex-Dividend Date | Mar 30, 2023 |
1y Target Est | N/A |
Ericsson (ERIC) collaborated with Intel to accelerate seamless 5G adoption, develop various 5G applications to support enterprises and expedite digital transformation in Thailand.
Ericsson (ERIC) partnered with MediaTek to demonstrate a record 5G upload speed of 440 Mbps leveraging RAN Compute Baseband 6648 and a mobile device equipped with MediaTek 5G smartphone chipset.
The record $279 million whistleblower award issued by the U.S. Securities and Exchange Commission earlier this month stemmed from a bribery case against Swedish telecommunications company Ericsson, the Wall Street Journal reported on Friday. The SEC declined to comment, while Ericsson did not immediately respond to Reuters requests for comment. The regulator did not name the enforcement action underlying the award and did not identify the tipster in keeping with whistleblower protection rules.
The SEC declined to comment, while Ericsson did not immediately respond to Reuters requests for comment. The regulator did not name the enforcement action underlying the award and did not identify the tipster in keeping with whistleblower protection rules. Ericsson in 2019 agreed to pay more than $1 billion to resolve probes into corruption, including the bribing of government officials in countries including China, Vietnam and Djibouti.
The record $279 million whistleblower award issued by the Securities and Exchange Commission earlier this month stemmed from a bribery case against Swedish telecommunications company Ericsson, the Wall Street Journal reported on Friday. Both the SEC and Ericsson did not immediately respond to Reuters requests for comment. The regulator did not name the enforcement action underlying the award and did not identify the tipster in keeping with whistleblower protection rules.
Swedish telecoms company Ericsson beat a lawsuit by U.S. shareholders on Wednesday, when a federal judge ruled it did not mislead investors about its compliance with U.S. anti-bribery laws. The lawsuit filed by a Boston-based pension fund claimed that Ericsson had overstated the extent to which it had eliminated the use of bribes after it settled corruption allegations made by the U.S. Department of Justice (DOJ). U.S. District Judge William Kuntz in Brooklyn, New York, wrote that Ericsson had issued "ubiquitous warnings" to investors raising "the possibility of future compliance failures" after the agreement.
The lawsuit filed by a Boston-based pension fund claimed that Ericsson had overstated the extent to which it had eliminated the use of bribes after it settled corruption allegations made by the U.S. Department of Justice (DOJ). U.S. District Judge William Kuntz in Brooklyn, New York, wrote that Ericsson had issued "ubiquitous warnings" to investors raising "the possibility of future compliance failures" after the agreement.
Swedish telecoms company Ericsson beat a lawsuit by U.S. shareholders on Wednesday, when a federal judge ruled it did not mislead investors about its compliance with U.S. anti-bribery laws. The lawsuit filed by a Boston-based pension fund claimed that Ericsson had overstated the extent to which it had eliminated the use of bribes after it settled corruption allegations made by the U.S. Department of Justice (DOJ).
Digital Nasional Berhad selected Ericsson's (ERIC) Security solution to boost the cyber defense of its 5G network with automated security management.
Sweden's Ericsson on Tuesday reported first-quarter core earnings that beat expectations, supported by stronger sales of 5G equipment in countries such as India, but sales in more established markets fell and eroded margins. The sales growth in the quarter was mainly from fiercely price competitive markets such as India rather than high-margin markets like the U.S. "India is strong and a good example where our sales are up five times," Chief Financial Officer Carl Mellander said in an interview.
STOCKHOLM (Reuters) -Sweden's Ericsson on Tuesday reported first-quarter core earnings that beat expectations, supported by stronger sales of 5G equipment in countries such as India, but sales in more established markets fell and eroded margins. The sales growth in the quarter was mainly from fiercely price competitive markets such as India rather than high-margin markets like the U.S. "India is strong and a good example where our sales are up five times," Chief Financial Officer Carl Mellander said in an interview.
Ericsson (ERIC) is witnessing positive demand trends backed by its comprehensive 5G product portfolio. The company is expected to record higher revenues year over year.
OTTAWA — The federal government is partnering with wireless networking technology company Ericsson Canada to invest more than $470 million in a project that aims to push research and development toward creating 5G and 6G networks. Prime Minister Justin Trudeau made the announcement today alongside Industry Minister François-Philippe Champagne in Ottawa. The project is supposed to create and provide training for hundreds of jobs in Ottawa and Montreal, while establishing Canada as one of Ericsson
Ericsson (ERIC) collaborated with Far EasTone Telecommunications (FET) and TVBS to deploy advanced 5G network slicing technology for live streaming of the Wan Jin Shi Marathon event.
The acquisition will strengthen Ericsson's (ERIC) market position as a leading mobile infrastructure provider and establish a focused enterprise business.
Ericsson (ERIC) and Intel intend to work in unison to develop 5G use cases in sectors such as manufacturing, transport and logistics.
Under Swedish law, if board members are not discharged of their liabilities for the previous year by shareholders owning at least 10% of the stock they can be sued by the company and its investors. Shareholders are upset with the company's perceived mishandling of alleged bribery cases. Ericsson was fined 207 million dollars earlier this year by the U.S. authorities for not properly disclosing that a 2019 investigation had found the company may have paid bribes to militant organisations in Iraq.
Ericsson's (ERIC) quantum research hub is likely to provide the perfect test bed for academic challenges with requisite networking competence and facilities to conduct advanced research.
Ericsson (ERIC) will offer its industry-leading 4G and 5G Radio Access Network (RAN) technology to Virgin Media O2 to accelerate network modernization in the United Kingdom.
The recent fine pertains to the charges that Ericsson (ERIC) has failed to "truthfully disclose" all information and evidence in the Djibouti and China cases and in other potential bribery or accounting violations.
Ericsson's CEO says the company is still in the market for more acquisitions, albeit smaller ones, after splurging over $7 billion to buy networking company Cradlepoint and communication platform Vonage. In contrast with Nokia, which announced a new strategy focused on enterprise, Ericsson expects to continue to focus on its business of selling to communications service providers (CSPs) or telecom operators along with adding to its enterprise offerings. While the global enterprise business, which revolves around private 5G and automating factories, has yet to grow significantly, it has been a melting pot of partnerships between equipment makers, mobile operators and big technology companies.
Telecoms giant Ericsson is to lay off 8,500 staff in a bid to slash costs. The Swedish maker of 5G networks notified staff of the measures in an internal company memo this week, according to reports by the Reuters news agency. Ericsson said the majority of the cuts would take place in the first half of 2023, but more would follow in 2024.
Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. While technology companies such as Microsoft, Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson's move would be the largest layoff to hit the telecoms industry. "The way headcount reductions will be managed will differ depending on local country practice," Chief Executive Borje Ekholm wrote in the memo.
STOCKHOLM (Reuters) -Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. While technology companies such as Microsoft, Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson's move would be the largest layoff to hit the telecoms industry. "The way headcount reductions will be managed will differ depending on local country practice," Chief Executive Borje Ekholm wrote in the memo.
Telecoms gear maker Ericsson plans to cut about 1,400 jobs in Sweden as part of a broader plan to reduce costs globally, it said on Monday. Ericsson last made deep cuts in 2017 when it laid off thousands of employees and focused on research to pull the company out of losses. The company was negotiating with its employee union in Sweden for months on how to handle cost cuts.