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Ericsson scales up production in India to cater for 5G network deployments
Ericsson (NASDAQ: ERIC) today announced it is scaling up the production capacity and operations with its partner Jabil in Pune to meet the needs of 5G network deployments in India.
Optus and Ericsson unveil Australia’s latest energy efficient radio access network site
Optus, in collaboration with Ericsson, today announced the deployment of Australia’s latest energy-efficient radio access network (RAN) site at Optus’ Moorebank site in Sydney, New South Wales.
Ericsson, KDDI, and Sony successfully achieve simultaneous communication of multiple network slices with different communication quality to realize End-to-End network slicing
- Successful simultaneous communication of multiple network slices using User Equipment Route Selection Policies (URSP) in a 5G standalone configuration
- The world's first demonstration experiment in which the network notifies the terminal of the network slice to be accommodated using URSP from the network, and the gaming application successfully uses different network slices for video and operation signals
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Ericsson Capital Markets Day 2022
- 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 divests its local customer support business in Russia
- 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
Ericsson Announces Extension of Compliance Monitorship
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.
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Ericsson Mexico certified as a Great Place to Work
The certification recognizes employers that have created an outstanding employee experience, distinguishing Ericsson Mexico in a competitive recruitment market and elevating the company’s status as an employer of choice.
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Airtel Africa and Ericsson build a more efficient network in Niger
- Airtel Niger and Ericsson deploy state-of-the-art, multiband multi-sector Radio 6626.
- With the Ericsson Radio 6626, Airtel Niger will benefit from significantly decreased tower load and reduced energy consumption.
Ericsson recognized as a leader in climate performance and reporting
Ericsson’s global leadership in climate performance and reporting has been recognized by the independent non-profit CDP (formerly known as the Carbon Disclosure Project) by being named in its annual ‘A List’ – the top ranking possible.