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Ericsson signs funding agreements with the European Investment Bank
- Ericsson has signed two 7-year funding agreements with the European Investment Bank (EIB) for a total of EUR 420 million
- The loans will finance parts of Ericsson’s R&D investments in wireless technology up to 2025
- The R&D investments are an important contributor into Ericsson’s overall plan to reach the Net Zero target by 2040 through reduced energy consumption in the mobile networks globally
Ericsson's second round of climate targets toward Net Zero approved by Science Based Target initiative
- Ericsson committed to reduce absolute scope 1, 2 and 3 greenhouse gas emissions by 90 percent between 2020 levels and the end of 2040
- Approved targets include halving value-chain emissions by 2030
- Ericsson met and surpassed previous SBTi-approved 1.5°C-aligned targets (2016-2022)
Ericsson announces leadership changes to the Executive Team
- Niklas Heuveldop, currently Head of Market Area North America, is appointed new Head of Business Area Global Communications Platform and CEO of Vonage as of February 1, 2024
- Yossi Cohen, currently Head of Strategy, Technology, Marketing and Business Development within Market Area North America, is appointed Senior Vice President and Head of Market Area North America as of February 1, 2024
- Rory Read, currently Head of Business Area Global Communications Platform and CEO of Vonage, has decided to step down from his positions on February 1, 2024, and leave Ericsson at the end of the first quarter of 2024
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Ericsson appoints Lars Sandström as Chief Financial Officer
- Effective as of April 1, 2024
- Member of Ericsson's Executive Team, reporting to the CEO
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Ericsson technology advances 5G standalone network in Canada
- TELUS’ 5G standalone network is an example of the next generation of connectivity that leverages Ericsson technology
- Ericsson’s 5G Core network technology will enable the most advanced functionalities such as ultra-low latency, high throughput and a massive number of connections
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Ericsson named among the world’s most sustainable large corporations
Ericsson has again been ranked one of the most sustainable large corporations in the world on the annual list of the top 100 performing companies by Corporate Knights.
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Thuraya transforms with Ericsson Business and Operations Support Systems
Ericsson (NASDAQ: ERIC) and United Arab Emirates-based mobile satellite services operator Thuraya, the mobility arm of Yahsat, have successfully completed the seamless migration and upgrade from legacy systems to updated systems from the Ericsson Business and Operations Support Systems portfolio.
Ericsson and Wipro collaborate to modernize billing infrastructure for ODIDO on AWS
- All subscribers from ODIDO's mobile virtual network offering (MVNO), Ben, have been successfully migrated to Ericsson Billing, which is seamlessly hosted on AWS
- The migration was led by Wipro as the end-to-end system integrator in close collaboration with Ericsson, which ensured seamless integration with ODIDO’s existing IT landscape
- The billing system transformation will continue in 2024 with the migration of the ODIDO subscribers and is a key element in the CSP’s long-term evolution to cloud native architecture and future-proof IT infrastructure