Welcome to our dedicated page for Telefonaktiebolaget LM Ericsson news (Ticker: ERIC), a resource for investors and traders seeking the latest updates and insights on Telefonaktiebolaget LM Ericsson stock.
Ericsson (ERIC) remains a global leader in telecommunications infrastructure and digital services, driving innovation in 5G networks and cloud-based solutions. This dedicated news hub provides investors and industry professionals with essential updates on strategic developments shaping the future of connectivity.
Access authoritative coverage of Ericsson's financial announcements, technology partnerships, and network advancements. Our curated collection includes earnings reports, product launch details, enterprise solution updates, and analysis of emerging trends in programmable network infrastructure.
Key focus areas include network API innovations, energy-efficient 5G deployments, and enterprise digital transformation initiatives. Stay informed about Ericsson's collaborations with mobile operators and cloud service providers through verified press releases and objective market commentary.
Bookmark this page for streamlined access to Ericsson's evolving position in global telecom markets. Check regularly for updates on patent licensing agreements, network security enhancements, and progress in open RAN technology development.
Vonage, part of Ericsson (NASDAQ:ERIC), has achieved SOC 2 Type II compliance for its Network APIs, becoming one of the first network API providers to earn this certification. This rigorous security standard, developed by AICPA, validates Vonage's internal controls for data security, processing integrity, privacy, and confidentiality.
The certification comes at a important time, with global data breach costs reaching $4.88 million in 2024. According to S&P Global Market Intelligence research, organizations reported significant increases in fraudulent activity, with 44% experiencing payment fraud and 34% facing new account fraud.
Vonage Network APIs, built on CAMARA standards, offer capabilities including fraud prevention, enhanced customer engagement, workflow automation, scalable application development, and real-time analytics. The SOC 2 Type II compliance ensures improved data security, anomaly detection, and rapid recovery systems for customers.
Ericsson (NASDAQ: ERIC) has announced the upcoming release of its Q4 2024 financial report, scheduled for January 24, 2025, at approximately 7:00 AM CET. The company will host a live video webcast at 9:00 AM CET, featuring President and CEO Börje Ekholm and CFO Lars Sandström, who will discuss the report and take questions from participants.
The complete financial report, including detailed tables in PDF format, will be accessible on Ericsson's website following the press release. The webcast will be available on-demand after the event for those unable to attend the live session. Participants can join through Ericsson's investor website and access dial-in information for questions.
Ericsson (NASDAQ: ERIC) and its telecom operator partners announce Anthony Bartolo as CEO of their new venture, named Aduna. The venture, launched in September 2024, aims to accelerate global adoption of common network APIs, enabling applications to work seamlessly across any network worldwide.
Bartolo brings over 30 years of tech industry experience, previously serving as COO at Vonage and Bandwidth. His track record includes transforming Avaya's business model, resulting in an 11-fold increase in annual recurring revenue, and holding executive positions at Tata Communications.
Aduna will focus on combining and selling network APIs globally through developer platforms, utilizing existing CAMARA APIs. The venture aims to empower developers to create innovative applications across multiple sectors. Bartolo will assume his CEO role on January 20, 2025, with the venture's closing expected later in the year, pending regulatory approvals.
Ericsson's November 2024 Mobility Report projects significant growth in 5G adoption and mobile network traffic through 2030. The report forecasts 6.3 billion global 5G subscriptions by 2030, with 60% being 5G Standalone (SA). Mobile network traffic is expected to grow almost 200% between 2024 and 2030, with 5G networks carrying 80% of total mobile data traffic by 2030. Fixed Wireless Access (FWA) continues expanding globally as the second-largest 5G use case, with 80% of projected 350 million FWA connections by 2030 expected over 5G. The report emphasizes how early-mover service providers are implementing value-based business models focused on differentiated connectivity rather than data volume.
Vonage's recent U.S. survey reveals growing consumer acceptance of AI in customer support, with 70% believing AI has improved self-service support and 60% noting more efficient brand interactions. The study shows consumers are most comfortable with AI through website chat (87%) and mobile apps (72%), while only 33% feel at ease with AI voice interactions.
While 91% of consumers expect transparency about AI usage, 54% say it doesn't negatively impact brand trust. Industry comfort levels vary significantly, with gaming (80%) and retail (75%) showing strong acceptance, while banking (25%) and healthcare (18%) face more skepticism. Notably, 85% still consider easy access to human agents very important.
Ericsson announces seven new 5G Advanced software products designed to enhance network performance and drive revenue growth for communications service providers (CSPs). The suite includes transformative technologies like AI-powered RAN, intent-driven networks, and Service-aware RAN. Key products include Real-time AI-powered automation, Outdoor Positioning, Mission Critical Services, RAN Differentiated Connectivity, Energy Efficiency Management, Premium Network Performance, and Device Battery Performance. These innovations will be commercially available between Q3 2024 and Q1 2025, compatible with Open RAN, Cloud RAN, and purpose-built RAN systems.
Ericsson (NASDAQ: ERIC) announced that Chief People Officer MajBritt Arfert will step down at the end of May 2025 after serving the company for over 38 years, including nearly eight years on the Executive Team. CEO Börje Ekholm praised Arfert's leadership in evolving Ericsson's culture and people strategy. The company will initiate a recruitment process to find her successor, with Arfert continuing in her role until her departure to ensure a smooth transition. Arfert expressed pride in her work transforming the company and confidence in Ericsson's position to expand into enterprise markets.
Ericsson and MasOrange, Spain's largest communications service provider, have announced a five-year Open RAN-ready future-network partnership. The project, starting October 2024, will integrate Orange Spain's and MASMOVIL's networks while deploying 5G Standalone (5G SA) in rural Spain. The partnership includes implementing Ericsson Radio System products, Core solutions, and Massive MIMO technology. MasOrange will gain one of Europe's most extensive 5G Standalone mobile networks, featuring capacity-boosting and energy-efficient solutions. The implementation includes network optimization and densification to enhance coverage in urban and rural areas.
Ericsson and Wipro have successfully transformed the billing experience for Odido's mobile customers in the Netherlands by migrating to the cloud-native Ericsson Billing platform hosted on AWS. The migration, completed in August 2024, transitioned 5 million customers over a single weekend, following the earlier transition of 700,000 Ben MVNO users in November 2023.
This transformation allows Odido to offer innovative 5G services, including the newly-launched Klik&Klaar fixed-wireless access (FWA) solution, with improved operational efficiency and customer experience. Wipro served as the end-to-end system integrator, working closely with Ericsson and Odido to design and implement the solution.
The new billing system provides Odido with a future-proof solution that enhances automation, improves billing accuracy, and enables efficient scaling of new services while reducing operating costs. This migration is a key step in Odido's strategy to deliver exceptional customer experience and monetize the growing demand for 5G services.
Vonage, part of Ericsson (NASDAQ: ERIC), has launched Vonage Contact Center (VCC) Intelligent Workspace, an AI-powered agent experience integrated into its contact center solution. This new offering enables seamless customer communication across multiple channels through an intuitive AI-powered interface.
Key features include:
- Enhanced interactions across voice, video, chat, and messaging
- Intelligent virtual agents
- Real-time transcription and summarization
- Enhanced Noise Cancellation
VCC Intelligent Workspace leverages Vonage Communications APIs and AI capabilities to empower agents with automation, intelligent insights, and global calling capabilities. The platform offers a multi-mode agent model and integrates with leading CRMs and business productivity tools. It can also be seamlessly integrated with Vonage Business Communications for a unified solution.
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