The Latest Breaking News from Ericsson

Ericsson's (NASDAQ:ERIC) alleged misconduct in Iraq could trigger fines of $100 million to $300 million, Bloomberg quotes from an email by Svenska Handelsbanken analyst Daniel Djurberg. The U.S. SEC initiated a probe into the Ericsson's Iraq connection. Djurberg termed the update as a negative for the share. However, it was no major surprise to the market, Djurberg…

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…

Marcus Ericsson’s Indy 500 victory earned him $3.1 million from a record-breaking total purse of $16,000,200m for the event.

Ericsson (NASDAQ:ERIC) disclosed plans to restructure its operating units to focus on mobile infrastructure and business customers, effective June 1. EVP Arun Bansal and Peter Laurin, head of the business area managed services, will leave the company. Also Read: Ericsson Shares Drop Post Q1 Results; Acknowledges DOJ Penalty, Russia Business Suspension Ericsson created a…

Sweden's Ericsson on Wednesday laid out plans to restructure its operating units to focus on mobile infrastructure and business customers, and announced that two senior executives will leave the company. A new business unit was created by merging digital services and managed services to increase its cloud expertise and build…

As businesses are increasingly adopting advanced technologies to stay ahead of the race in this digital era, the demand for communication equipment is expected to rise exponentially. So, popular communication equipment stocks Ericsson (ERIC) and Nokia (NOK) should benefit from the industry tailwinds. But which of these two stocks is…

Telefonaktiebolaget L M Ericsson (NASDAQ:ERIC)  reported a first-quarter FY22 sales growth of 11% year-on-year to SEK 55.1 billion. Group organic sales grew by 3% Y/Y, driven by Networks in North America, Europe, and Latin America.  Organic sales in Networks rose 4% Y/Y, and Digital Services sales down by 2% Y/Y. It reported an…

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…

Telecoms equipment maker Nokia is pulling out of the Russian market, its CEO told Reuters, going a step further than rival Ericsson , which said on Monday it was indefinitely suspending its business in the country. Hundreds of foreign companies are cutting ties with Russia following its Feb.

Ericsson is suspending its business in Russia indefinitely and has put employees on paid leave, six weeks after the Swedish telecom equipment maker started a review of the impact of Western sanctions on its operations. The company said on Monday it would record a 900 million crown ($95 million) provision…

Skyrocketing inflation, rising interest rates, and a geopolitical crisis caused by Russia’s invasion of Ukraine, have triggered massive selloffs in the technology sector. However, these conditions represent a great opportunity to buy stocks on their price dips. So, we think it could be wise to invest in financially solid tech…