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Telefonaktiebolaget LM Ericsson will hold its Annual General Meeting (AGM) on March 29, 2023, at 3 PM CEST, where shareholders will vote on key proposals. The Nomination Committee recommends Jonas Synnergren and Christy Wyatt for the Board, alongside a new Chair, Jan Carlson. A dividend of SEK 2.70 per share is proposed, payable in two installments. Also planned is a Long-Term Variable Compensation Program for the Executive Team, focusing on EBITA and total shareholder return targets over three years. The AGM allows for postal voting and requires registration by March 23, 2023. Shareholders can also vote by proxy.
Ericsson (NASDAQ:ERIC) has announced a strategic long-term contract with Reliance Jio Infocomm Ltd. to deploy India's first 5G Standalone (SA) network. This partnership follows recent 5G spectrum auctions in India and aims to enhance digital transformation in the country. Jio's 5G SA network will modernize infrastructure, offering advanced services to consumers and businesses. The deployment will utilize Ericsson's energy-efficient 5G RAN solutions. This partnership solidifies Ericsson's role in India's telecommunications landscape as it continues to lead in innovation and R&D investment.
Ericsson's latest report, 5G: The Next Wave, highlights transformative consumer trends as 5G technology rapidly gains traction. The largest global consumer survey of its kind, it reveals that 5G users now spend significantly more time on metaverse-related activities compared to 4G users, with 30% of smartphone users expected to adopt 5G within a year. Key findings include a major shift in user expectations, with over 510 million consumers anticipated to adopt 5G in 2023, and substantial growth in augmented reality usage among 5G subscribers.