Ericsson
STO:ERIC ISIN:SE0000108656
Our services, software and infrastructure - especially in mobility, broadband and the cloud - are enabling the telecom industry and other sectors to do better business, increase efficiency, improve the user experience and capture new opportunities.
With approximately 115,000 professionals and customers in 180 countries, we combine global scale with technology and services leadership. We support networks that connect more than 2.5 billion subscribers. Forty percent of the world's mobile traffic is carried over Ericsson networks. And our investments in research and development ensure that our solutions - and our customers - stay in front.
Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales in 2015 were SEK 246.9 billion (USD 29.4 billion). Ericsson is listed on NASDAQ OMX stock exchange in Stockholm and the NASDAQ in New York.
News
Ericsson (NASDAQ:ERICY) Ericsson (NASDAQ:ERIC) has signed an agreement with Telecom Liechtenstein to upgrade and expand their ADSL network with the new VDSL2 technology. Ericsson will also provide support over the next three years. The deal will bring high-speed broadband to Telecom Liechtenstein subscribers across the country.
Ericsson (NASDAQ:ERICY) Ericsson (NASDAQ:ERIC) will provide business consulting and systems integration services for Telefónica's fixed and mobile operations across Latin America, allowing Telefónica to improve control of its revenue streams.
Ericsson (NASDAQ:ERICY) In accordance with the resolution by the Annual General Meeting 2008, Ericsson (NASDAQ:ERIC) expands its treasury stock in order to provide shares for the Long-Term Variable Compensation Program (LTV) 2008 for employees in Ericsson.
Ericsson (NASDAQ:ERICY) Björn Olsson, Executive Vice President of Ericsson (NASDAQ:ERIC) and deputy head of Business Unit Network, has decided to pursue opportunities outside Ericsson and will leave the company at year-end.
Ericsson (NASDAQ:ERICY) * Sales SEK 48.5 (47.6) b., 7% growth in constant currencies, SEK 92.7 (89.8) b. first six months * Operating income SEK 4.7 1) (9.3) b., excl. restructuring charges of SEK 1.8 b., SEK 9.0 (17.4) b. first six months, excl. restructuring charges of SEK 2.6 b. * Operating margin 9.7% 1) (19.4%), excl. restructuring charges of SEK 1.8 b., 9.7% (19.4%) first six months, excl. restructuring charges of SEK 2.6 b. * Cash flow SEK 8.5 (4.2) b., SEK 13.3 (8.8) b. first six months * Net income 2) SEK 1.9 1) (6.4) b., incl. restructuring charges of SEK 1.8 b., SEK 4.5 (12.2) b. first six months, incl. restructuring charges of SEK 2.6 b. * Earnings per share 2) SEK 0.60 1) (2.02) 3), SEK 1.43 (3.85) 3) first six months
Ericsson (NASDAQ:ERICY) Q2 Highlights: * Break even results amid challenging market conditions and increased competition * Announcement of Open Mobile Software platform and Symbian Foundation * R&D investment continues * Alignment of operations to help restore profitable growth
Ericsson (NASDAQ:ERICY) Ericsson (NASDAQ: ERIC) has signed a frame agreement with a leading Japanese operator, Softbank Mobile, to expand and upgrade its HSPA (High Speed Packet Access) network to increase capacity and enable even faster mobile broadband. With this contract, Ericsson will expand its business with Softbank by providing enhanced HSPA on new and existing base stations in the high traffic areas of Tokyo, Nagoya and Osaka.
Ericsson (NASDAQ:ERICY) Ericsson (NASDAQ: ERIC) and 3 Italia have achieved an industry first: the successful establishment of enhanced HSPA mobile-data connections in a commercial network. The enhanced HSPA technology enables maximum uplink data rates of 5.8Mbps and a significant reduction in network latency, resulting in markedly better performance for interactive consumer applications.
Ericsson (NASDAQ:ERICY) Spanish fans of Formula One can watch this season's races live on their handsets thanks to HyC - part of the Ericsson (NASDAQ:ERIC) group - in partnership with Boomerang TV and Spanish broadcast network Telecinco. The mobile TV service was launched in May. Under the terms of the agreement, Ericsson's HyC supplies an end-to-end, scalable service including encoding, editing and transmission, which enables Boomerang TV and Telecinco to stream the Formula One races to mobile subscribers via live or scheduled repeat broadcast. HyC also provides related systems integration services.
Ericsson (NASDAQ:ERICY) Vodafone Ireland, the country's largest operator, has selected Ericsson (NASDAQ:ERIC) to be the systems integrator of a real-time charging and IP Multimedia Subsystem (IMS) solution, including upgrading and expanding the operator's network.
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