Dublin, Aug. 29, 2024 (GLOBE NEWSWIRE) -- The "Telefonaktiebolaget LM Ericsson Q2 FY2024 Financial Research Brief" report from EJL Wireless Research has been added to ResearchAndMarkets.com's offering. This report offers a comprehensive financial and strategic analysis of Telefonaktiebolaget LM Ericsson's Q2 2024 financial results, covering the period from April 1 to June 30. It includes a detailed financial analysis, examining key metrics and performance indicators to evaluate Ericsson's overall financial ...

Ericsson (ERIC) recently announced that it had inked a definitive partnership with e& Egypt aimed at bolstering the Information and Communications Technology (ICT) infrastructure in the Middle-East country and its surrounding region. This collaborative effort marks a major leap forward in the telecommunication landscape, showcasing e& Egypt's commitment to technological advancement in the region. ERIC's Focus on Improved Connectivity The partnership will see e& Egypt integrate Ericsson's high-performing 20- ...

Group 1: Core Developments - Ericsson has welcomed a joint statement as part of a bilateral agreement between the U.S. and Swedish governments aimed at advancing next-generation connectivity technologies, highlighting the company's commitment to technological advancement [1] - The collaboration aims to develop 6G technologies to bridge the global digital divide, focusing on cooperative activities such as 6G research, spectrum allocation, and the introduction of new technologies in existing frequency bands [2] - This initiative builds on previous agreements, including a five-year memorandum of understanding between the U.S. National Science Foundation and Swedish entities, as well as a joint 6G Vision with the European Union anticipated to promote innovation in AI, 6G connectivity, ML, and quantum technology [3] Group 2: Industry Positioning - Ericsson's involvement in the collaboration underscores its leadership in 6G research and development, with innovative solutions reshaping connectivity across various sectors [4] - The company's leadership in cloud and edge computing is providing scalable solutions for efficient digital infrastructures, ensuring flexibility and resilience in a rapidly evolving digital landscape [5] Group 3: Financial Performance - Shares of Ericsson have gained 48% over the past year, slightly trailing the industry's growth of 49.3% [6] - The company currently holds a Zacks Rank of 3 (Hold), indicating a stable position within the market [6]

Group 1 - Ericsson has successfully deployed its IP Multimedia Subsystem (IMS) on the Red Hat OpenStack Platform for Spark New Zealand, enhancing network resiliency and improving mobile voice and video calling services [1][5] - The deployment at Spark New Zealand's Network Data Centre in South Island is the first fully operational IMS deployment in the country using the Red Hat OpenStack Platform, transitioning to a unified and cost-effective system [2][3] - Spark New Zealand plans to migrate its current IMS nodes to the new platform by year-end, ensuring a single node manages the full traffic load for the entire country [4] Group 2 - The integration of Ericsson's IMS with Red Hat's platform marks a significant milestone in improving network resiliency and service quality, optimizing performance and fortifying the network against disruptions [5] - Ericsson's shares have gained 46% over the past year, contrasting with the industry's decline of 50.5% [6] - Ericsson currently holds a Zacks Rank of 3 (Hold), while Arista Networks and Harmonic Inc. are better-ranked stocks in the industry with Zacks Ranks of 1 (Strong Buy) [6][7]

Group 1: Transaction Overview - Ericsson has entered into a binding agreement with Koch Equity Development to divest its U.S.-based telecommunications solution provider, iconectiv, for approximately $1 billion, expected to close in the first half of 2025, pending regulatory approvals [1] - Upon completion of the transaction, Ericsson anticipates a one-time EBIT benefit of around SEK 8.8 billion [1] Group 2: Business Background - Iconectiv, headquartered in New Jersey, was acquired by Ericsson in 2012 and has been co-owned with Francisco Partners since 2017, recognized as a leading provider of network number portability solutions and data exchange services, serving over 5000 customers including major telecom companies like AT&T and Verizon [2] - In 2023, Ericsson generated around SEK 1 billion in net income from the iconectiv business, which has limited strategic synergies with Ericsson's overall portfolio [3] Group 3: Strategic Context - Ericsson and its competitor Nokia are facing a slowdown in 5G deployments, prompting Ericsson to undertake initiatives to reduce costs and optimize its portfolio, including the divestiture of non-core assets like iconectiv [4] - The cash inflow from the sale is expected to provide additional resources for Ericsson to navigate current market challenges, invest in growth initiatives, and improve financial performance [4] Group 4: Market Position - Ericsson is positioned to capitalize on market momentum with its competitive 5G product portfolio and continues to execute its strategy to become a leading mobile infrastructure provider [5] - Over the past year, Ericsson's shares have gained 45.8%, compared to the industry's growth of 49.8% [5]

Ericsson (ERIC) recently deployed its cutting-edge 5G Cloud Radio Access Network (RAN) technology on Turkcell Communication Services Inc's (TKC) network. Ericsson's Cloud RAN is a cloud-native solution that virtualizes radio access network functions and separates hardware from software. This design supports communication service providers (CSPs) in evolving toward cloud-native technologies and open network architectures, offering enhanced flexibility, faster service delivery and improved scalability for mod ...

Demonstrates KED's strategic focus on telecommunications software and data services WICHITA, Kan., Aug. 16, 2024 /PRNewswire/ -- Koch Equity Development LLC ("KED"), the principal investment and acquisition arm of Koch, Inc., today announced an agreement to acquire iconectiv, LLC, a telecommunications solutions leader, from Ericsson (NASDAQ: ERIC), the global supplier of mobile communication and connectivity solutions for service providers and enterprises, and affiliates of Francisco Partners, a leading tec ...

iconectiv is a US subsidiary of Ericsson acquired in 2012, and a provider of network number portability solutions and data exchange services The divestment will allow iconectiv to continue its growth trajectory under the new ownership of Koch Equity Development LLC STOCKHOLM, Aug. 16, 2024 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) announces that it has entered into a binding agreement with Koch Equity Development LLC in relation to the sale of iconectiv (the "Transaction"). Ericsson's cash benefit from the Tr ...

Ericsson (ERIC) recently inked a strategic partnership with Anterix Inc. (ATEX) , Southern Linc and National Rural Telecommunications Cooperative ("NRTC") to offer cutting-edge private networking solutions to rural electric cooperatives across the United States. This collaborative effort marks a significant milestone in the telecommunications landscape, showcasing the companies' commitment to technological advancement in the country. The collaboration will witness NRTC enhancing its fiber design and constru ...

Industry Veteran and Former adidas Group Executive Will Join the Company Following the Acquisition of UNLESS COLLECTIVE, INC BALTIMORE, Md., Aug. 6, 2024 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA, UAA) today announced that Eric Liedtke will join the company as Executive Vice President of Brand Strategy following the completion of its acquisition of UNLESS COLLECTIVE, INC (UNLESS), a zero-plastic regenerative fashion brand. The transaction is expected to be completed later this week. Eric Liedtke, Under A ...