LM Ericsson Telefon

Envivio is a software-based video processing and delivery solutions company. It was founded in 2000 in San Francisco by Julien Signes, the president and CEO, with a focus on developing technologies supported by the MPEG-4 standard, a standard for audio and video coding formats and related technology. Envivio is headquartered in South San Francisco with offices in Singapore, Beijing, Denver (Colorado) and Rennes.

Envivio

Red Bee Media formerly Ericsson Broadcast and Media Services (EBMS), is an International broadcasting and media services company headquartered in White City, West London, United Kingdom, with offices in Glasgow, Cardiff and Newcastle upon Tyne, and international offices in Australia, France, Spain, Germany, Finland, The Netherlands, Sweden, France, Canada, United States and Abu Dhabi. It has 2,500 employees worldwide across 8 media hubs and distributes over 2.7 million hours of programming each year worldwide. It is a wholly owned subsidiary of Ericsson.

Red Bee Media

Apcera is an American cloud infrastructure company that provides a container management platform to deploy, orchestrate and govern containers and applications across on-premises and cloud-based infrastructure.

Apcera

Redback Networks was a telecommunications equipment company, specializing in hardware and software used by ISPs to manage broadband services. In December 2006, Ericsson and Redback announced they had signed a definitive agreement under which Ericsson would acquire Redback. The transaction was completed in 2007, and Redback Networks is fully integrated in Ericsson.

Redback Networks

Telefonaktiebolaget LM Ericsson engages in the provision of telecommunications equipment and related services to mobile and fixed network operators. It operates through the following segments: Networks, Cloud Software, Services, Enterprise, and Other. The Networks segment supports all radio-access technologies and offers hardware, software and related services for both radio access and transport. The Cloud Software segment offers solutions for core networks, business and operational support systems, network design and optimization, and managed network services. The Other segment refers to the media business and other non-allocated business. Segment-level information has also been presented to Other. The company was founded by Lars Magnus Ericsson in 1876 and is headquartered in Kista, Sweden.

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Ericsson warns on near-term outlook as profit disappoints

STOCKHOLM , Jan. 20, 2023 /PRNewswire/ --  Fourth quarter highlights The quarter was impacted by an IPR agreement resulting in total IPR revenues of SEK 6.0 (2.4) b. and previously announced charges of SEK -4.0 b.

Ericsson reports fourth quarter and full-year results 2022

Sweden's Ericsson on Friday reported fourth-quarter core earnings that missed expectations for the third quarter in a row, as sales of 5G equipment slowed in high-margin markets such as the United States.

Ericsson quarterly earnings miss expectations

Netflix

Regions Financial

Schlumberger

Shortly after Wednesday's opening bell, the Dow Jones industrials traded up 0.16%, the S&P 500 was up 0.32% and the Nasdaq was 0.63% higher.

Earnings Previews: Ericsson, Netflix, Regions Financial, Schlumberger

Ericsson (ERIC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Ericsson (ERIC) Soars 5.5%: Is Further Upside Left in the Stock?

The U.S.-listed shares of Ericsson ERIC, -0.99% ERIC.B, +7.07% surged 7.2% toward a one-month high in premarket trading Thursday, after the Sweden-based communications services company said it will record a SEK2.3 billion ($220 million) charge for a potential resolution with the U.S. Department of Justice regarding alleged breaches under its 2019 Deferred Prosecution Agreement (DPA). The company said it believes the charge, which will be booked in fourth-quarter results, is a “sufficiently reliable estimate” of the penalty associated with any breach resolution.

Ericsson stock surges after $220 million provision for potential DPA breach resolution with DOJ

Telecom gear maker Ericsson said on Thursday it would book a 2.3 billion Swedish crown ($220 million) provision in the fourth quarter related to a potential Deferred Prosecution Agreement breach resolution with the U.S. Department of Justice.

Ericsson makes $220 mln provision in Q4, shares rise

STOCKHOLM , Jan. 12, 2023 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) announces that it is now in a position to make a provision of SEK 2.3 billion (approx. USD 220 million) in relation to a potential resolution with the U.S. Department of Justice (DOJ) regarding previously announced, non-criminal, alleged breaches under its 2019 Deferred Prosecution Agreement (DPA).

Ericsson makes provision in fourth quarter of 2022 in relation to potential DPA breach resolution with U.S. Department of Justice

Chairman, Ronnie Leten, has informed that he will not stand for re-election to the Board            Kurt Jofs and Nora Denzel have informed the Nomination Committee that they will not stand for re-election as directors            The Nomination Committee of Ericsson proposes that current board member Jan Carlson be elected as new Chairman of the Ericsson Board by the Annual General Meeting 2023 of the company            The Nomination Committee of Ericsson further proposes that Christy Wyatt and Jonas Synnergren be elected new board members by the Annual General Meeting 2023 of the company STOCKHOLM , Jan. 11, 2023 /PRNewswire/ -- The Nomination Committee of Ericsson (NASDAQ: ERIC) has informed the Company that it proposes that the shareholders elect at the Annual General Meeting 2023 ten ordinary board members with no deputy directors. The Nomination Committee proposes that the following persons be elected as board members: Jan Carlson, Chairman (re-election) Helena Stjernholm (re-election) Jacob Wallenberg (re-election) Jon Fredrik Baksaas (re-election) Carolina Dybeck Happe (re-election) Börje Ekholm (re-election) Eric.Elzvik (re-election) Kristin S.

Ericsson Nomination Committee´s proposal for board of directors. Jan Carlson proposed as new Chairman

New Cradlepoint NetCloud Private Networks solution - tailored to the needs of dynamic enterprise IT environments - added to Ericsson Private Networks offerings as a complement to Ericsson Private 5G. Solution addition strengthens Ericsson's leadership position in offering the broadest private network portfolio for enterprises and industries of all sizes and sectors Portfolio enhancement is a proof point of the successful integration of Cradlepoint into Ericsson STOCKHOLM , Jan. 11, 2023 /PRNewswire/ -- A broad range of enterprises and industries are set to benefit from a significant expansion in the Ericsson (NASDAQ: ERIC) Private Network portfolio with the addition of a new IT-focused offering from the Ericsson subsidiary, Cradlepoint.

Strengthened Ericsson Private Network portfolio leads the market in solution choice

Report to be released at approximately 7:00 AM CET on January 20, 2023            One live video webcast for analysts, investors and journalists at 9:00 AM CET STOCKHOLM , Jan. 11, 2023 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) financial report for the fourth quarter and full year of 2022 will be published at approximately 7:00 AM CET on January 20, 2023. The company will issue a press release with the complete financial report attached, including tables, in PDF format.

Invitation to media and analyst briefing for Ericsson Q4 and full year 2022 report

Ericsson on Wednesday announced a 800 million crown ($76 million) fourth-quarter charge linked to dropping some contracts and products at its loss-making Cloud Software and Services business.

Ericsson's Cloud Software and Services unit books $76 mln charge

STOCKHOLM , Jan. 4, 2023 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) is continuing to execute on its revised strategy in segment Cloud Software and Services. As outlined at the recent Capital Markets Day, key priorities include limiting subscale software development, accelerating automation to lower deployment and maintenance efforts and changing focus from market share gains to profitable business.

Ericsson is taking action to accelerate profitability in Cloud Software and Services

Ericsson stock (NASDAQ: ERIC) is down 9.2% in the past two weeks (ten trading days), performing much worse than the S&P 500, which was down 4% over this period.

Can Ericsson Recover From Its 9.2% Drop Over The Past Two Weeks?

Nokia

When telecoms gear makers Nokia and Ericsson leave Russia at the end of the year, their departure could steadily cripple the country's mobile networks over the long-term, setting off a deterioration in communication for everyday Russians.

Russian mobile calls, internet seen deteriorating after Nokia, Ericsson leave

The Green Financing Framework is established to enable financing of investments in energy efficient technologies, such as 4G, 5G and future 6G, and renewable energy. The framework has been developed in accordance with current market best practices and verified by leading independent second party opinion provider CICERO Shades of Green.

Ericsson presents a Green Financing Framework

Ericsson (ERIC) is following an orderly exit in Russia and is winding down its operations in the wake of economic sanctions against the Putin regime.

Ericsson (ERIC) Spins Off Customer Support Business in Russia

Swedish telecom equipment maker Ericsson said on Thursday it would reach the lower end of its long-term target of a profit (EBITA) margin of 15-18% by 2024 as several of its more profitable markets show signs of slowing down.

Ericsson sees margin at lower end of target; pushes for cost cuts

Committed to reaching lower end of long-term target of 15-18% EBITA margin and generating Free Cash Flow before M&A of 9%-12% of sales by 2024   Acceleration of initiatives to reduce costs by SEK 9 b. (around USD 0.9 b) by end of 2023 In addition to the recently signed agreement, IPR revenues expected to grow significantly from further licensing agreements Committed to executing on Enterprise strategy and transitioning into a platform company with significantly expanded total addressable market Segment Networks expected to continue to grow market share and gross income by leveraging technology leadership Segment Cloud Software & Services accelerating its turnaround with target to reach break-even full-year 2023 Introduction of near-term capital allocation priorities with a focus on organic and inorganic investments to support strategy execution and a stable to progressive dividend Trends on operator capex identified in the Q3 report continue, with indications that some customers in advanced markets may reduce inventory levels following easing of the supply chain Ericsson is committed to being a leader in conducting business built on a culture of ethics and integrity.

Ericsson Capital Markets Day 2022

Swedish telecom equipment maker Ericsson said on Thursday it was committed to reaching the lower end of its long-term target of a profit (EBITA) margin of 15-18% by 2024 as it outlined strategy to investors.

Ericsson to reach lower end of margin goal range by 2024

Ericsson continues orderly exit from operations in Russia Local operational managers acquire Ericsson's customer support business in Russia and will provide customer support for mobile operators in Russia All Ericsson customer engagement in Russia intended to be terminated by end of year STOCKHOLM , Dec. 15, 2022 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) wholly owned Russian subsidiary has entered into an asset transfer agreement to divest its local customer support business in Russia to a Russian company owned by former operational managers of Ericsson´s Russian subsidiary. The transaction includes a transfer of approximately 40 Ericsson employees, and certain assets and contracts related to the business.

Ericsson divests its local customer support business in Russia

Swedish telecom equipment maker Ericsson said on Thursday it had divested a customer support operation in Russia.

Telecom equipment maker Ericsson divests Russian operation

STOCKHOLM , Dec. 14, 2022 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) announces that it has agreed with the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) to extend the term of the Company's Independent Compliance Monitor for one year, to June 2024. In 2019 Ericsson entered into a Deferred Prosecution Agreement (DPA) with the DOJ and a Consent Judgment with the SEC to resolve violations of the FCPA.

Ericsson Announces Extension of Compliance Monitorship

STOCKHOLM , Dec. 9, 2022 /PRNewswire/ -- Effective December 9, 2022, Niko Pakalén will replace Jonas Synnergren as representative for Cevian Capital Partners Limited in Ericsson's (NASDAQ: ERIC) Nomination Committee. The Nomination Committee now consists of:    Johan Forssell, Investor AB; Karl Åberg, AB Industrivärden; Anders Oscarsson, AMF – Tjänstepension och Fonder; Niko Pakalén, Cevian Capital Partners Limited; and Ronnie Leten, the Chair of the Board of Directors Johan Forssell is the Chair of the Nomination Committee.

Changes to Ericsson's Nomination Committee

Agreement includes global cross-license for patented cellular standard-essential technologies and grants certain other patent rights. Settlement ends all ongoing patent-related legal disputes between the parties.

News for LM Ericsson Telefon Stock (ERIC)