Welcome to our dedicated page for Ericsson news (Ticker: ERIC), a resource for investors and traders seeking the latest updates and insights on Ericsson stock.
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 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.
Ericsson (NASDAQ: ERIC) will host a briefing on September 26, 2022, at 6:00 PM CEST to discuss its recent acquisition of Vonage and the development of its Global Network Platform. The briefing will include presentations from key executives including President and CEO Börje Ekholm and others from the Vonage team. The event aims to inform stakeholders about the strategic implications of the acquisition, addressing both analysts and investors. A conference call will also be available for on-demand listening after the event.
Ericsson (NASDAQ: ERIC) has announced a significant 10-year partnership with Ameren to enhance its private communications network. This collaboration aims to modernize Ameren's grid, improve reliability, and lower costs through a unified network utilizing the 900 MHz spectrum. The agreement includes Ericsson providing a cloud-native dual-mode core solution and support for future upgrades. The initiative is expected to drive digital transformation, enhance cybersecurity, and improve operational efficiencies, positioning Ameren for growth and better management of clean energy resources.
Ericsson announced a change in its reporting structure effective Q3 2022, aligning with its new organizational model initiated on June 1, 2022. The company will release restated segment financials for Q1 and Q2 2022, as well as 2021 and 2020 figures, on September 20, 2022, at 8:00 AM CEST. A conference call for analysts, investors, and journalists is scheduled for the same day at 3:00 PM CEST. The third-quarter earnings report is set for October 20, 2022.
Ericsson (NASDAQ: ERIC) is launching the Imagine Live North America Tour, a six-month initiative covering over 60 customer sites in the U.S. and Canada, starting in late August 2022. This tour aims to provide an innovative mobile customer experience, allowing clients and prospects to engage with Ericsson's products and services directly. Attendees can interact with displays and demonstrations of Ericsson's Radio System, Private 5G, and Operations Engine. The initiative emphasizes sustainability, powered by solar energy, aligning with Ericsson's commitment to reducing emissions by 50% by 2030.
Ericsson (NASDAQ: ERIC) has finalized its acquisition of Vonage (NASDAQ: VG) as of July 21, 2022. This strategic move aims to expand Ericsson's enterprise offerings, notably in Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS). The integration is expected to yield near-term revenue synergies of approximately USD 0.4 billion by 2025, leveraging Vonage's extensive client base and developer community. The acquisition is set to enhance Ericsson's ability to offer advanced communications capabilities and is projected to positively impact its earnings per share from 2024 onwards.
Ericsson (NASDAQ: ERIC) announced on July 15, 2022, that it has received clearance from the Committee on Foreign Investments in the United States (CFIUS) to finalize its acquisition of Vonage Holdings Corp. (NASDAQ: VG). This approval is the last required step before completing the merger, which is expected to close by July 21, 2022. The acquisition aims to enhance Ericsson's offerings in the market and is part of their strategy to capture the full value of connectivity.