LM Ericsson Telefon

Envivio is a software-based video processing and delivery solutions company. It was founded in 2000 in San Francisco by Julien Signes, the president and CEO, with a focus on developing technologies supported by the MPEG-4 standard, a standard for audio and video coding formats and related technology. Envivio is headquartered in South San Francisco with offices in Singapore, Beijing, Denver (Colorado) and Rennes.

Envivio

Red Bee Media formerly Ericsson Broadcast and Media Services (EBMS), is an International broadcasting and media services company headquartered in White City, West London, United Kingdom, with offices in Glasgow, Cardiff and Newcastle upon Tyne, and international offices in Australia, France, Spain, Germany, Finland, The Netherlands, Sweden, France, Canada, United States and Abu Dhabi. It has 2,500 employees worldwide across 8 media hubs and distributes over 2.7 million hours of programming each year worldwide. It is a wholly owned subsidiary of Ericsson.

Red Bee Media

Apcera is an American cloud infrastructure company that provides a container management platform to deploy, orchestrate and govern containers and applications across on-premises and cloud-based infrastructure.

Apcera

Redback Networks was a telecommunications equipment company, specializing in hardware and software used by ISPs to manage broadband services. In December 2006, Ericsson and Redback announced they had signed a definitive agreement under which Ericsson would acquire Redback. The transaction was completed in 2007, and Redback Networks is fully integrated in Ericsson.

Redback Networks

Telefonaktiebolaget LM Ericsson engages in the provision of telecommunications equipment and related services to mobile and fixed network operators. It operates through the following segments: Networks, Cloud Software, Services, Enterprise, and Other. The Networks segment supports all radio-access technologies and offers hardware, software and related services for both radio access and transport. The Cloud Software segment offers solutions for core networks, business and operational support systems, network design and optimization, and managed network services. The Other segment refers to the media business and other non-allocated business. Segment-level information has also been presented to Other. The company was founded by Lars Magnus Ericsson in 1876 and is headquartered in Kista, Sweden.

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It will impact roughly 8% of Ericsson's staff of 105,529 worldwide.

Ericsson to lay off 8,500 workers as part of cost-cutting plan

Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, according to a memo sent to employees and seen by Reuters.

Ericsson to lay off 8,500 employees - memo

STOCKHOLM , Feb. 22, 2023 /PRNewswire/ -- The Annual General Meeting of shareholders of Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) will be held on Wednesday, March 29, 2023 at 3 pm. The Nomination Committee proposes among other things: Jonas Synnergren and Christy Wyatt as new members of the Board and that Jan Carlson is elected as new Chair of the Board (item 9 and 11) Increase of the Board fees, the fees to the Chair of the Board, and the fees for work on all of the Committees of the Board (including Chair of the respective Committee)(item 10).

Notice of Ericsson's Annual General Meeting 2023

Ericsson (NASDAQ: ERIC ) layoffs are coming to the company's Sweden offices as it looks to reduce its headcount. The big news here is the company cutting 1,400 jobs as it looks to reduce operating costs by 9 billion crowns by the end of the year.

Ericsson Layoffs 2023: What to Know About the Latest ERIC Job Cuts

The cuts are part of an effort the company announced late last year to reduce costs by 9 billion Swedish kronor, equivalent to about $861 million, by the end of 2023.

Ericsson to cut 1,400 Jobs as orders slow

The cuts are part of an effort the company announced late last year to reduce costs by the end of 2023 through streamlining processes, closing facilities and using fewer consultants.

Ericsson to Cut 1,400 Jobs as Orders Slow

The company's reductions in Sweden are expected to be followed by thousands of job cuts elsewhere.

Ericsson to Cut 1,400 Staff. Telecom Firms Are Joining the Tech Jobs Rout.

Telecom gear maker Ericsson plans to cut around 1,400 jobs in Sweden as part of a broader plan that could also result in thousands of job losses in other countries, particularly in the Americas, two sources familiar with the matter said.

Ericsson to cut 1,400 jobs in Sweden, sources say

New suite of indoor hardware and software make indoor 5G easier for communications service providers (CSPs), enterprises, and neutral hosts to deploy, scale, and monetize Introducing a new precise-location software that enables new enterprise use cases such as asset tracking and tool positioning Single family of products that cost-effectively cover any indoor scenario or business environment STOCKHOLM , Feb. 9, 2023 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) has expanded its indoor mobile connectivity portfolio with three new easy-to-deploy and cost-efficient solutions aimed at delivering 5G coverage, capacity and capabilities across the interior of any work or business environment - regardless of the size or complexity of the building. The new solutions become part of the Ericsson Radio Dot System portfolio, further increasing the flexibility of this industry-leading portfolio.

New Ericsson solutions boost indoor 5G capacity and precise location services

A new range of 10 radios led by triple-band Radio 4485, which is 53 percent lighter than comparable products. Also launching new mobile transport and software solutions Industry-first, 600MHz Massive MIMO radio with Ericsson-unique Interference Sensing software that adds up to 40 percent more capacity with portfolio-wide hardware support A quad-carrier microwave transport radio with four times more capacity plus Radio Deep Sleep support across the MINI-LINK portfolio STOCKHOLM , Feb. 9, 2023 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) leadership in supporting service providers' Net Zero ambitions, while meeting market demands for higher 5G capacity and revenue growth, has taken a major step forward with the launch of an enhanced RAN and Transport portfolio.

Strengthened Networks portfolio boosts Ericsson's drive towards Net Zero emissions

Communications Service Providers in Top 20 5G markets enjoying revenue growth Enhanced Mobile broadband and Fixed Wireless Access proving popular early use cases Cloud gaming, enterprise and industrial deployments gaining momentum STOCKHOLM , Feb. 7, 2023 /PRNewswire/ -- New research from the Ericsson (NASDAQ: ERIC) Mobility Report team provides encouraging evidence for communication service providers (CSPs) worldwide by identifying a correlation between 5G uptake and revenue growth. Flattening revenues have been a challenge for service providers in all parts of the world, often impacting network investment decisions as part of their business growth strategies, known as `monetization' in the industry.

Ericsson Mobility Report Business Review edition: 5G drives revenue growth

Jenny Lindqvist is appointed Senior Vice President, and Head of Market Area Europe & Latin America, effective as of February 1, 2023 Becomes member of Ericsson's Executive Team reporting to CEO STOCKHOLM , Jan. 25, 2023 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) has appointed Jenny Lindqvist Senior Vice President, Head of Market Area Europe & Latin America, as of February 1, 2023. Effective the same date she will become member of the Ericsson Executive Team, reporting to the CEO.

Ericsson announces changes to the Executive Team

Despite??generating higher revenues year over year, Ericsson (ERIC) registers low fourth-quarter earnings due to uncertainties and macroeconomic headwinds.

Ericsson (ERIC) Q4 Earnings Decline, Revenues Surge Y/Y

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC ) Q4 2022 Earnings Conference Call January 20, 2023 3:00 AM ET Company Participants Peter Nyquist - VP and Head, IR Börje Ekholm - President and CEO Carl Mellander - SVP, CFO, and Head of Group Function Finance and Common Functions Conference Call Participants Andrew Gardiner - Citi Aleksander Peterc - Societe Generale Andreas Joelsson - Danske Sebastien Sztabowicz - Kepler Cheuvreux Terence Tsui - Morgan Stanley Börje Ekholm [abrupt start] Slowing the pace on network investments and that includes front-runner customers in many markets. We expect operators to continue to sweat the assets in response to the macroeconomic headwinds.

Telefonaktiebolaget LM Ericsson (publ) (ERIC) Q4 2022 Earnings Call Transcript

The U.S.-listed shares of Ericsson ERIC, -1.66% ERIC.B, -4.57% sank 4.4% toward a 10-week low in premarket trading Friday, after the Sweden-based telecommunications equipment and services company reported lower than expected earnings, and said macroeconomic headwinds are expected to continue at least through the first half of 2023. Among Ericsson's rivals, shares of Finland-based Nokia Corp. NOK, -2.09% NOKIA, -2.28% fell 1.5% ahead of Friday's open and California-based Dow Jones Industrial Average DJIA, -0.76% component Cisco Systems Inc. CSCO, -0.94% slipped less than 0.1%.

Ericsson stock falls more than 4% after earnings miss and downbeat outlook

The network equipment maker said telecom operators in markets like the U.S. are holding off placing new orders for 5G gear amid economic uncertainty.

Ericsson Warns of Slowing 5G Orders in North America

The telecoms company said margins in its key network unit were being hit by reduced spending from North American customers.

Ericsson Falls on Earnings. Global Growth Isn't Offsetting a U.S. Slowdown.

Ericsson warns on near-term outlook as profit disappoints

STOCKHOLM , Jan. 20, 2023 /PRNewswire/ --  Fourth quarter highlights The quarter was impacted by an IPR agreement resulting in total IPR revenues of SEK 6.0 (2.4) b. and previously announced charges of SEK -4.0 b.

Ericsson reports fourth quarter and full-year results 2022

Sweden's Ericsson on Friday reported fourth-quarter core earnings that missed expectations for the third quarter in a row, as sales of 5G equipment slowed in high-margin markets such as the United States.

Ericsson quarterly earnings miss expectations

Netflix

Regions Financial

Schlumberger

Shortly after Wednesday's opening bell, the Dow Jones industrials traded up 0.16%, the S&P 500 was up 0.32% and the Nasdaq was 0.63% higher.

Earnings Previews: Ericsson, Netflix, Regions Financial, Schlumberger

Ericsson (ERIC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Ericsson (ERIC) Soars 5.5%: Is Further Upside Left in the Stock?

The U.S.-listed shares of Ericsson ERIC, -0.99% ERIC.B, +7.07% surged 7.2% toward a one-month high in premarket trading Thursday, after the Sweden-based communications services company said it will record a SEK2.3 billion ($220 million) charge for a potential resolution with the U.S. Department of Justice regarding alleged breaches under its 2019 Deferred Prosecution Agreement (DPA). The company said it believes the charge, which will be booked in fourth-quarter results, is a “sufficiently reliable estimate” of the penalty associated with any breach resolution.

Ericsson stock surges after $220 million provision for potential DPA breach resolution with DOJ

Telecom gear maker Ericsson said on Thursday it would book a 2.3 billion Swedish crown ($220 million) provision in the fourth quarter related to a potential Deferred Prosecution Agreement breach resolution with the U.S. Department of Justice.

Ericsson makes $220 mln provision in Q4, shares rise

STOCKHOLM , Jan. 12, 2023 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) announces that it is now in a position to make a provision of SEK 2.3 billion (approx. USD 220 million) in relation to a potential resolution with the U.S. Department of Justice (DOJ) regarding previously announced, non-criminal, alleged breaches under its 2019 Deferred Prosecution Agreement (DPA).

News for LM Ericsson Telefon Stock (ERIC)