Börje Ekholm
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Ericsson has given up on Russia, but has another year of grief from the American justice system following its illegal activities in Iraq. -
Ericsson’s sales were up 14% in the second quarter of this year, well up on last year’s reported increase of 8%.
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Ericsson has announced changes to its group structure and executive team to align with its strategy to become a leader in mobile infrastructure and launch an enterprise business.
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Ericsson has lost market share in China and its overall global sales were down by 1%, the company reported this morning.
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Ericsson has reached an €80 million (SEK 0.8 billion) settlement with Nokia for a damages claim against Ericsson.
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BT has selected Ericsson as its 5G RAN provider in the UK cities of London, Edinburgh, Belfast and Cardiff, to name a few.
Forthcoming events
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Ericsson has agreed to acquire Cradlepoint, a US-based provider of Wireless Edge WAN 4G and 5G enterprise solutions, for $1.1 billion.
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Ericsson has published its second quarter financial results, noting a “solid” result and maintaining its full-year targets for the group.
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Ericsson took the opportunity to calm shareholder nerves at its AGM in Stockholm yesterday, with group president and CEO Börje Ekholm using the meeting to highlight the firm’s business as usual approach during the ongoing Covid-19 pandemic.
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Ericsson’s president and CEO Börje Ekholm (pictured) has revealed the company’s plans to focus on M&A as part of its overall growth strategy.
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Ericsson has reached a resolution on the investigations by the US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) surrounding the company’s compliance with the US Foreign Corrupt Practices Act (FCPA).
