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February 22, 2020
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Reuters - Business

Sweden says U.S. interest in Ericsson logical for 5G capability

Reuters
STOCKHOLM (Reuters) – U.S. interest in Ericsson (ERICb.ST) is logical given that it is one of only a few companies offering a complete portfolio for the rollout of super-fast 5G mobile telecoms networks, Sweden’s Minister for Energy and Digital Development said on Friday. Reporting by Simon Johnson; Editing by David......
Reuters - Business

U.S. interest lifts shares in Huawei rivals Ericsson, Nokia

Reuters
FILE PHOTO: The Ericsson logo is seen at the Ericsson’s headquarters in Stockholm, Sweden June 14, 2018. Picture taken June 14, 2018. REUTERS/Olof Swahnberg/File Photo STOCKHOLM (Reuters) – Shares in Ericsson (ERICb.ST) and Nokia (NOKIA.HE) rose sharply on Friday, a day after a U.S. official suggested the United States should......
Reuters - Business

Ericsson hit by higher 5G costs and weaker U.S. market

Reuters
STOCKHOLM (Reuters) – Sweden’s Ericsson (ERICb.ST) reported a smaller-than-expected rise in fourth-quarter core earnings on Friday and said higher costs would spill over into 2020 as the telecoms equipment maker looks to exploit its leading position in super-fast 5G networks. FILE PHOTO: The Ericsson logo is seen at the Ericsson’s......
Reuters - Business

Ericsson fourth-quarter core profit hit by slowdown in U.S. business, higher costs

Reuters
STOCKHOLM (Reuters) – Swedish telecoms equipment group Ericsson (ERICb.ST) reported a smaller than expected rise in fourth-quarter core earnings on Friday and said the quarter, seasonally its best, had nevertheless been hit by a slowdown in its previously surging U.S. business and higher costs. FILE PHOTO: The Ericsson logo is......
Reuters - Business

Telenor says Huawei will still play role in 5G rollout

Reuters
BRUSSELS (Reuters) – Telenor (TEL.OL) reiterated on Sunday Huawei would be involved in building Norway’s 5G network along with Ericsson (ERICb.ST), one of several companies to continue working with the Chinese company despite U.S. pressure. FILE PHOTO: Telenor’s logo is seen in central Belgrade, Serbia, March 21, 2018. REUTERS/Marko Djurica/File......
Reuters - Business

Ericsson to pay over $1 billion to resolve U.S. corruption probes

Reuters
WASHINGTON (Reuters) – Swedish mobile telecoms company Ericsson has agreed to pay over $1 billion to resolve probes into corruption, including the bribing of government officials, the U.S. Department of Justice said on Friday. FILE PHOTO: An Ericsson logo is pictured at Mobile World Congress (MWC) in Shanghai, China June......
Reuters - Business

Ericsson agrees to pay over $1 billion to resolve U.S. corruption probes

Reuters
WASHINGTON (Reuters) – Swedish mobile telecoms company Ericsson has agreed to pay over $1 billion to resolve probes into corruption, including the bribing of government officials, the U.S. Department of Justice said on Friday. FILE PHOTO: An Ericsson logo is pictured at Mobile World Congress (MWC) in Shanghai, China June......
Reuters - Business

Ericsson agrees to pay over $1 billion to resolve U.S. corruption probe

Reuters
FILE PHOTO: An Ericsson logo is pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. REUTERS/Aly Song WASHINGTON (Reuters) – Swedish mobile telecoms company Ericsson has agreed to pay over $1 billion to resolve a probe into corruption, including bribing of government officials, over many years in......
Reuters - Business

Ericsson agrees to pay over $1 billion to resolve U.S. corruption probe: statement

Reuters
FILE PHOTO: An Ericsson logo is pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. REUTERS/Aly Song WASHINGTON (Reuters) – Mobile telecoms gear maker Ericsson has agreed to pay over $1 billion to resolve a foreign corruption probe, the U.S. Department of Justice said in a statement......

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