Telefonaktiebolaget LM Ericsson Stock Price, News & Analysis

Vonage, part of Ericsson (NASDAQ: ERIC), has been recognized as a Leader in the 2024 Gartner Magic Quadrant for Communications Platform as a Service (CPaaS) for the second consecutive year. This recognition highlights Vonage's ability to execute and completeness of vision. The company offers developers and enterprises a platform to integrate video, voice, messaging, and verification functionalities into their existing systems. Moreover, Vonage is pioneering a new market by leveraging 5G network capabilities as APIs. The company also stands out for its integrated no-code/low-code tools, like the Vonage AI Acceleration Suite and AI Studio, aimed at accelerating the development of AI-powered capabilities.

Ericsson (NASDAQ: ERIC) will release its financial report for Q2 2024 on July 12, 2024, at 7:00 AM CEST. The report will include comprehensive financial data in PDF format, accessible on Ericsson's official website. President and CEO Börje Ekholm, alongside CFO Lars Sandström, will discuss the report and answer questions during a live video webcast at 10:00 AM CEST on the same day. The webcast will be available for on-demand viewing post-event on Ericsson's website.

The June 2024 Ericsson Mobility Report highlights significant growth in 5G Fixed Wireless Access (FWA) adoption among communication service providers (CSPs). A sharp increase in CSPs offering 5G FWA services was observed, with 128 out of 241 CSPs sampled now providing 5G FWA, marking a 29% growth from the previous year.

5G subscriptions are expected to reach 5.6 billion by the end of 2029, with mobile data traffic projected to grow 20% annually through the same period. Notably, 5G is anticipated to account for 60% of all mobile subscriptions by 2029, with North America and India leading in penetration rates.

Approximately 300 CSPs globally offer 5G services, and around 50 have launched 5G Standalone (5G SA). User experience metrics indicate high performance in 5G mid-band coverage areas. The report underscores the importance of 5G Standalone technology and includes case studies showcasing 5G's impact on various sectors.

Vonage, a global cloud communications leader and part of Ericsson (NASDAQ: ERIC), has signed a Memorandum of Understanding (MOU) with Telstra, Australia's largest telco, to accelerate digital transformation leveraging network APIs.

This partnership combines Telstra’s network APIs with Vonage’s platform and Ericsson's 5G capabilities to enable enterprises to build advanced applications for optimized customer experiences.

The agreement aims to enhance existing APIs and explore new ones in areas like Silent Authentication, edge computing, and fraud protection, opening new market opportunities in the Asia Pacific region.

Vonage, a global leader in cloud communications and a part of Ericsson, announced a partnership with Endress+Hauser, a Swiss-based process and laboratory instrumentation supplier. Endress+Hauser will use Vonage Contact Center for Service Cloud Voice to enhance customer and agent experiences globally. This integration with Salesforce CRM aims to boost automation, intelligence, and engagement capabilities. With a workforce of nearly 17,000, Endress+Hauser seeks to streamline communication channels and capture vital customer insights. Key features include real-time transcription, AI-based capabilities, and omnichannel routing solutions. This move is expected to increase productivity and customer satisfaction.

Ericsson's latest ConsumerLab report, '10 Hot Consumer Trends 2030s - the AI-Powered Future,' surveyed over 6,500 early adopters across 13 cities to gauge potential AI impacts by 2030. Key findings include 80% of consumers likely using AI for major decisions such as purchasing houses or stocks, and AI playing significant roles in childcare and employment.

AI hopefuls and AI fearfuls reflect a split in sentiment, with both groups expressing concerns over control and impact. Despite this, 95% believe some aspects of these trends will materialize. Notable trends include AI-assisted shopping, generative fashion, and AI-driven personal assistants.

Ericsson highlights the potential for AI to reshape daily life, while also warning of potential challenges in AI control and influence.

Ericsson (NASDAQ: ERIC) announced the conclusion of its monitorship and plea agreement on June 2, 2024, following the certification of its anti-corruption program by an independent monitor in March 2024. The monitorship, which began in June 2020, was part of a Deferred Prosecution Agreement (DPA) with the U.S. Department of Justice (DOJ) stemming from violations of the Foreign Corrupt Practices Act (FCPA). The monitor's role was to evaluate and certify Ericsson's global compliance program. Börje Ekholm, CEO of Ericsson, emphasized the company's commitment to integrity and ongoing cooperation with DOJ and SEC investigations.

As of May 31, 2024, Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) reported a total of 3,348,251,735 shares, split into 261,755,983 A shares and 3,086,495,752 B shares. The total number of votes stands at 570,405,558.2, with A shares contributing 261,755,983 votes and B shares 308,649,575.2 votes. This increase follows the issue of 4.1 million C shares in May 2024, which were repurchased and converted into B shares to support the Long-Term Variable Compensation Program LTV I 2023. Ericsson currently holds 15,579,561 B shares as treasury stock. This update adheres to the Swedish Financial Instruments Trading Act and was made public on May 31, 2024, at 08:00 CEST.

Ericsson (NASDAQ: ERIC) has appointed its Nomination Committee for the Annual General Meeting (AGM) 2025, in line with the instructions approved at the AGM 2012. The committee includes Johan Forssell (Investor AB), Helena Stjernholm (AB Industrivärden), Anders Oscarsson (AMF Tjänstepension & AMF Fonder), Christer Gardell (Cevian Capital), and Jan Carlson (Chair of the Board of Directors). Johan Forssell will serve as the Chair of the Nomination Committee.

Shareholders are invited to submit proposals to the Nomination Committee, ensuring these are received well in advance of the AGM for consideration. Contact details for the Nomination Committee and additional company information are provided for further communication and updates.