Telefonaktiebolaget LM Ericsson Stock Price, News & Analysis

On October 11, 2021, Ericsson (NASDAQ: ERIC) and AT&T announced a five-year agreement to enhance AT&T's 5G network. The collaboration involves deploying the recently acquired C-band spectrum and advancing 5G Standalone technology. Ericsson's expertise will support key industries, including public safety and entertainment. The partnership emphasizes innovations like the Ericsson Radio System and Cloud RAN, aiming for improved flexibility and scalability. This initiative signifies a crucial step in AT&T's network evolution, driven by the need for enhanced connectivity.

Ericsson is set to publish its Q3 2021 financial report on October 19, 2021, at approximately 7:00 AM CEST. The comprehensive report will be available on its website, featuring detailed tables in PDF format.

Following the release, CEO Börje Ekholm and CFO Carl Mellander will discuss the report in a live video webcast at 9:00 AM CEST. Investors can join the session or watch it on-demand through Ericsson's investor relations page.

On September 20, 2021, Viaero Wireless announced its partnership with Ericsson to modernize its network by upgrading existing LTE equipment to 5G-ready solutions. This initiative aims to enhance mobility and broadband services for Viaero's customers across Colorado, Nebraska, Wyoming, and Kansas. As part of the agreement, Ericsson will replace core, radio access network, and other equipment at over 900 LTE sites, facilitating improved connectivity and service quality. This project will ultimately help bridge the digital divide in rural America.

Ericsson (NASDAQ: ERIC) has partnered with Mediacom Communications to extend broadband services in rural America. Mediacom is the first major U.S. cable provider to implement a 3GPP standards-based Citizens Broadband Radio Service (CBRS) Fixed Wireless Access (FWA) solution using Ericsson's 4G and 5G technology. This initiative aims to address the digital divide by providing high-speed internet within a nine-mile radius of each tower. Both companies emphasize the importance of reliable internet access, especially highlighted during the COVID-19 pandemic.

Ericsson (NASDAQ: ERIC) has introduced three new 5G radio solutions aimed at enhancing urban connectivity as part of its Street Solutions portfolio. The new offerings include the Street Radio 4402, AIR 4435, and Street Macro 6705, designed to facilitate rapid deployment and integrate seamlessly into city environments. With over 360 million projected 5G subscriptions in North America by 2026, Ericsson emphasizes the importance of urban deployments for maximizing 5G user experience. These solutions address challenges like site permitting and capacity expansion in dense urban areas.

On July 19, 2021, Ericsson reported it has secured a 2% market share in China's 700MHz radio round for 5G network development, significantly down from the 11% share awarded in the earlier 2.6GHz CP2 round. This lower market share aligns with earlier guidance to investors and reflects ongoing competitive pressures. China Mobile is the first operator to grant awards in this round, and similar outcomes are anticipated from China Unicom and China Telecom. The reduction in market share follows the exclusion of Chinese vendors from Sweden's 5G auction, impacting Ericsson's competitive landscape.

Ericsson reported a 8% organic sales growth for Q2 2021 despite a SEK -2.5 b sales decline in Mainland China, with total reported sales of SEK 54.9 b. Gross margin improved to 43.4%, and EBIT excluding restructuring charges rose to SEK 5.8 b. The company gained market share in Networks, showing an 11% organic sales increase. However, Digital Services faced challenges, with a net income of SEK 3.9 b and cash flow before M&A of SEK 4.1 b. The outlook for the RAN market is optimistic, projecting 10% growth YoY.

Ericsson announced a significant multi-year agreement valued at $8.3 billion with Verizon to enhance the deployment of its 5G solutions across the U.S. This partnership focuses on expanding 5G Ultra Wideband coverage and improving network performance through technologies like Massive MIMO and Cloud RAN. Both companies anticipate that this collaboration will drive innovation and widespread adoption of 5G services for consumers and enterprises, reinforcing Ericsson's commitment to accelerating 5G build-out nationwide.