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The Latest Breaking News from Borje Ekholm

Ericsson Posts $1bn Quarterly Loss On Vonage Write Down

Ericsson acquired Vonage in 2022 for $6.2 billion to expand its presence in wireless enterprise and broaden its global offerings, but already last year it wrote down its value by $2.9 billion as market conditions shifted.

International Business Times · Jul 12, 2024

Ericsson Sees 'Further' Market Decline After 2023 Loss

Swedish telecoms equipment giant Ericsson warned Tuesday that it expected further market decline outside China this year after booking a sizeable loss in 2023 due to a write-down and restructuring costs.

International Business Times · Jan 23, 2024

Telecoms giant Ericsson to lay off 8,500 staff

Telecoms giant Ericsson is to lay off 8,500 staff in a bid to slash costs.

Evening Standard · Feb 24, 2023

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SEC launches probe on Sweden's Ericsson over its Iraq connection

The U.S. SEC intimated Ericsson (NASDAQ:ERIC) regarding its launch of an investigation on the company concerning the matters described in the company's 2019 Iraq investigation report. Ericsson said it cooperated with the authorities regarding their review and investigation of its conduct in Iraq. Previously CEO Borje Ekholm' disclosed that Ericsson may have made payments to the…

Benzinga · Jun 9, 2022

Ericsson Warns of Possible Fine Over Payments to ISIS in Iraq

Sweden's Ericsson, under fire for its handling of a bribery investigation in Iraq, warned on Thursday of a potential fine by US regulators and reported a fall in first-quarter core earnings over its suspension of business in Russia. Last week, investors publicly rebuked Chief Executive Borje Ekholm and the board…

Asharq Al-Awsat · Apr 14, 2022

Ericsson Could Have Paid ISIS For Access To Iraq Transport Routes, CEO Ekholm Says; Stock Plunges

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) may have made payments to the ISIS terror organization to gain access to specific transport routes in Iraq, Bloomberg reports as per CEO Borje Ekholm’s statement to a newspaper Dagens Industri. Ericsson had identified “unusual expenses dating back to 2018” and was yet to determine the final recipient of…

Benzinga · Feb 16, 2022

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