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Ericsson estimates costs for resolving investigations by U.S. authorities at SEK 12 b. and makes provision in third quarter
- As previously disclosed, Ericsson has been co-operating voluntarily with investigations by the United States Securities and Exchange Commission (SEC) and with the United States Department of Justice (DOJ) regarding the Company’s compliance with the U.S. Foreign Corrupt Practices Act (FCPA).
- Ericsson makes a SEK 12 b. provision related to resolving the investigations, that will impact the third quarter 2019 results, to cover an estimated monetary sanction of USD 1.0 b, plus other related costs. The process to find a resolution is still ongoing.
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Ericsson ramps up digitalization and production at European factories
Ericsson’s factory in Estonia is nearing the completion of a major SEK 500 million investment, while the company has established production with a partner in Poland – both part of its global supply strategy of securing fast and agile deliveries through customer proximity. The factories directly benefit the European market as well as supporting Ericsson’s global ecosystem.
Ericsson Industry 4.0 Center of Excellence to benefit European customers
Ericsson has opened a Center of Excellence at its Eurolab R&D site in Aachen, Germany, to strengthen 5G products and service abilities and bolster partnerships with communication service providers as Industry 4.0 becomes a reality in Western Europe.
Ericsson and Telstra bring 5G to MCG for Aussie Rules Grand Final
Ericsson-enabled 5G stadium coverage is set to enhance the connectivity experiences of Telstra customers with 5G handsets attending the biggest day in the Australian Football League’s (AFL) annual calendar – the AFL Grand Final on September 28.
Ericsson to begin US 5G smart manufacturing in Lewisville, Texas, in early 2020
Ericsson’s USD 100 million next-generation smart manufacturing factory in the United States will be located in Lewisville, Texas, a suburb close to Dallas/Fort Worth International Airport and Ericsson’s North America headquarters in Plano.
Ericsson selects Lewisville, Texas for company’s first 5G smart factory in the United States
- Texas-based facility will be a fully automated and connected smart factory when it opens in early 2020, producing Advanced Antenna System radios to enable rapid 5G deployments
- Factory is another significant step in Ericsson’s commitment to accelerating 5G deployments in North America by making investments in the U.S. and Canada
- Sustainability is integrated into the innovative design of the factory, which aims to be up to 28 percent more energy efficient than comparable buildings
Ericsson automated smart factory operational in China
- Nanjing factory now among the most advanced manufacturing facilities in the world with the Chinese market set to be the major beneficiary
- Every step of production modernized and cellular IoT, Industry 4.0 and AI tools and technologies implemented
- Next-generation smart manufacturing fast-tracked through a modular and flexible production setup in Ericsson factories around the world
RINA Wireless selects Ericsson to bring 5G to rural America
- Ericsson continues its partnership with RINA Wireless by introducing Cloud Packet Core for 5G to the carrier’s existing Ericsson 4G Core and RAN
- Customers of RINA Wireless will have access to 5G services once devices to support 5G functionality are commercially available
- The deal is another example of Ericsson working to bring 5G capabilities to rural operators
Ericsson helps expand 5G to rural US customers
As 5G continues its nationwide rollout in the US, Ericsson is a key driver expanding access to enhanced mobile communications for rural customers.