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Ericsson reports developments across mobile network infrastructure, cloud software and enterprise communications services. Company updates commonly cover 5G Core and radio access network deployments for communications service providers, quarterly financial reporting, annual general meeting actions, and capital-allocation matters.
News also includes activity from Vonage, Ericsson's wholly owned subsidiary within Business Area Global Communications Platform. Vonage updates focus on network APIs, communications APIs, CPaaS, CCaaS and UCaaS tools used by enterprises and developers to embed voice, video, messaging, customer engagement and automation into digital services.
Ericsson (NASDAQ: ERIC) has announced the release of its financial report for Q3 2022, scheduled for October 20, 2022, at approximately 7:00 AM CEST. The comprehensive report will be accessible through a press release, featuring detailed financial tables in PDF format on Ericsson's website. A live video webcast is set for 9:00 AM CEST, where President and CEO Börje Ekholm and CFO Carl Mellander will discuss the report and answer questions.
Sagebrush Cellular has partnered with Ericsson to enhance its network capabilities through a modernization project aimed at deploying 5G technology. This collaboration will involve upgrading existing radio access network (RAN) and core equipment across 115 sites in Montana and North Dakota. The deployment includes the Ericsson Radio System, Cloud Core, and IP Multimedia Subsystem (IMS), critical for improving mobility and broadband services in rural areas. The upgrade is also in compliance with Federal Communications Commission mandates for security.
Ericsson will enhance Pine Cellular's telecommunications infrastructure by upgrading its 3G/4G systems to 5G-ready solutions. This modernization spans over 140 sites, enabling Pine Cellular to provide improved mobility and broadband services. The partnership aims to enhance user experiences while increasing connectivity in rural Oklahoma. Ericsson will implement its advanced Cloud Packet Core and Radio Systems to aid Pine in expanding its service offerings and bridging the digital divide.
Hiya and Ericsson have teamed up to enhance mobile call protection by integrating Hiya’s call protection solution into Ericsson’s IP multimedia system (IMS). This partnership addresses the alarming rise in spam and fraud calls, which surged 13% globally in 2022, with users now receiving an average of 14 nuisance calls monthly. The new solution, called Call Qualification, allows wireless carriers to activate protective measures without requiring app downloads. Hiya's AI technology will help carriers combat fraud in real time, improving subscriber trust and satisfaction.
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Ericsson (NASDAQ: ERIC) has partnered with Bluesky to modernize its network in American Samoa, introducing 5G connectivity. The initiative involves upgrading the core network, radios, and other equipment. This collaboration aims to enhance mobile broadband and user experiences. Starting in late 2022, Ericsson will deploy its leading technologies, including the Ericsson Radio System and Cloud Unified Data Management. The project is expected to deliver improved speeds and reduced latency for consumers and businesses in the region.
Ericsson (NASDAQ: ERIC) has released restated segment financials for the full year 2020, by quarter for 2021, and the first half of 2022. This follows a new reporting structure implemented in Q3 2022, designed to enhance year-on-year comparisons. The segments include Networks, Cloud Software and Services, Enterprise, and Other. The company will provide a detailed breakdown of net sales, including substantial contributions from IPR licensing. A conference call led by CFO Carl Mellander is scheduled for September 20, 2022, to discuss these changes.
KORE has partnered with Ericsson to enhance IoT deployment capabilities. This alliance combines KORE's extensive U.S. coverage with Ericsson's global IoT Accelerator, allowing enterprises to efficiently manage devices across markets.
The collaboration aims to provide visibility, control, and security, resulting in new revenue streams for businesses. KORE's connectivity solutions will simplify global IoT deployment complexities, benefiting enterprises in the U.S. and beyond.
Ericsson is set to hold its 2022 Capital Markets Day in New York City on December 15, 2022. The event will feature presentations from CEO Börje Ekholm and the Executive Management team, discussing the company's strategic direction and recent developments. Attendees can join in person or stream the event live, with an on-demand option available afterward. A formal invitation with further details will be sent closer to the event date.
Ericsson (NASDAQ: ERIC) collaborates with the National Science Foundation's AERPAW to enhance 5G technology for drone operations in smart agriculture. Demonstrating the technology, speeds exceeded 100 Mbps uplink and 450 Mbps downlink, showcasing advanced video streaming and remote monitoring capabilities. This partnership aims to hasten the transition of innovations from research to industry, leveraging public and private sector resources. The initiative supports various agricultural applications, promising significant growth potential for UAVs within the sector.