STOCKHOLM, March 25, 2025 /PRNewswire/ -- Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) (the "Company") held its Annual General Meeting ("AGM") today on March 25, 2025 in Kista, Stockholm. Shareholders were also able to exercise their voting rights by post before the meeting.Adoption of the Income Statements and the Balance SheetsThe AGM resolved to adopt the Income Statement and the Balance Sheet for the Company as well as the Consolidated Income Statement and the Consolidated Balance Sheet for the Group ...

Ericsson (ERIC) recently announced that it has joined forces with Bharti Airtel, a prominent telecommunications company, and Volvo Group in India. The partnership will expand research initiatives in AI, Digital Twin and Extended Reality Technologies to explore their applications in manufacturing processes. The advanced technology suit powered by 5G and advanced 5G will expedite the adoption of the Industry 4.0 standard and, eventually, the Industry 5.0 standard in India.5G advanced network offers high-speed ...

Financial Performance and Operations - Ericsson's recorded net sales related to business in Iran was SEK -1 million during 2024, indicating a wind-down of operations[37] - The estimated operating loss from Iran operations was SEK -35 million after internal cost allocation and impairments in 2024[37] - Ericsson has wound down its active business activities in Iran as of December 2024, with future activities expected to be limited to settling unfulfilled obligations and administrative tasks[39] - The overall capacity utilization for Ericsson's production facilities was 42% in 2024, with a total floor space of 42.8 thousand square meters across five major sites[45][46] - The company anticipates limited future activities in Iran, primarily for administrative purposes, following a significant reduction in business engagement since 2018[39] Strategic Focus and Market Position - Ericsson aims to improve profitability and capture 5G market opportunities as part of its key strategies[16] - The company is focused on maintaining technology leadership and capitalizing on network API and enterprise opportunities[16] - Approximately 50% of the world's mobile 5G traffic, excluding China, is carried over Ericsson's radio networks, highlighting its technology leadership[55] - Ericsson's portfolio includes segments such as Networks, Cloud Software and Services, and Enterprise, which are critical for future growth[34] - The company is increasing investments in developing network APIs within its Enterprise segment to enhance connectivity solutions[55] Research and Development - Ericsson's R&D investments are aimed at enhancing network performance, reducing energy consumption, and supporting sustainability leadership[55] - R&D expenses increased to SEK 53.5 billion in 2024, up from SEK 50.7 billion in 2023, representing a growth of 5.5%[56] - The number of R&D employees decreased to 26,744 in 2024, down from 28,219 in 2023, a reduction of approximately 5.2%[56] - The company maintains a patent portfolio of over 60,000 patents, consistent across the years 2022, 2023, and 2024[56] Employee and Organizational Changes - The total number of employees decreased to 94,326 in 2024, down from 99,952 in 2023, reflecting a decline of about 5.7%[64] - The North America market area saw a decrease in employees to 9,935 in 2024, down from 10,744 in 2023, a decline of approximately 7.5%[64] - The Europe and Latin America market area also experienced a reduction in employees to 43,353 in 2024, down from 45,380 in 2023, a decrease of about 4.5%[64] - The North East Asia market area reported a significant employee reduction to 10,426 in 2024, down from 12,331 in 2023, a decline of approximately 15.5%[64] - The Middle East and Africa market area had a slight decrease in employees to 4,133 in 2024, down from 4,481 in 2023, a reduction of about 7.8%[64] - Significant changes to the Executive Team and Market Area structure were announced, consolidating regional operations for greater efficiency[73] Compliance and Governance - The company continues to face ongoing investigations by US governmental authorities regarding past conduct, which may result in material additional liability[16] - The company is engaged in ongoing compliance efforts that may subject it to additional liabilities[16] - The Chief Financial Officer has certified the financial statements in accordance with the Sarbanes-Oxley Act, ensuring accountability[178] - The company emphasizes the importance of its insider trading policy and recovery of erroneously awarded compensation[172] - The company continues to focus on compliance and governance as part of its overall strategy[178] Cybersecurity - Ericsson's cybersecurity programs are globally certified to ISO/IEC 27001:2022 for Information Security Management Systems, ensuring compliance with security requirements[157] - The Chief Security Officer oversees cybersecurity risk management, reporting directly to the Chief Operating Officer, ensuring high-level security strategy execution[161] - Ericsson's Cyber Defense Center is responsible for monitoring, detecting, and responding to cybersecurity attacks, with a dedicated incident management team for continuous availability[157] - In 2024, no material cybersecurity incidents were reported, indicating effective resolution of detected threats[155] - The company cannot eliminate all risks from cybersecurity threats, indicating potential vulnerabilities[164] Financial Reporting and Fees - The 2024 Swedish Annual Report includes detailed financial statements and notes, which are essential for understanding the company's financial health[166] - The consolidated financial statements include income statements, balance sheets, and cash flow statements, providing a comprehensive view of the company's performance[169] - The company has filed various exhibits related to its securities and organizational structure, which are important for regulatory compliance[172] - In 2024, the costs related to the ADS program totaled approximately USD 66,000, exceeding the agreed annual cap of USD 50,000[133] - An annual service fee of $0.02 was charged per ADS for the operation and maintenance costs in administering the ADS program[130]

Ericsson (ERIC) recently announced that it has entered into an agreement with Econet Wireless Zimbabwe to expand the latter’s telecommunications infrastructure by boosting network scalability, reliability and unlock advanced capabilities such as automation and virtualization. Ericsson and Econet has a long-standing business relationship spanning decades. In 2023, Econet utilized Ericsson’s cloud-native dual-mode 5G Core solution to upgrade its core network and accelerate 4G and 5G installation.In the curren ...

HOLMDEL, N.J., March 5, 2025 /PRNewswire/ -- Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ: ERIC), has announced an agreement with FREENOW, Europe's leading multi-mobility app with taxis at its core, to transform its customer communication strategy using Vonage Communications APIs. Leveraging Vonage's Messages API which includes support for RCS, WhatsApp, and SMS,  along with Fraud Defender Advanced and Number Verifi ...

Group 1: Core Developments - Ericsson, in collaboration with Qualcomm, completed an interoperability device test for 5G railway communications in Europe, highlighting progress towards the Future Railway Mobile Communication System (FRMCS) [1][3] - The Global System for Mobile Communications – Railway will be phased out by 2030, with FRMCS expected to facilitate 5G connectivity in railway systems [2] - The test utilized Qualcomm's X85 5G Modem-RF and an Ericsson radio prototype, showcasing advanced technology such as the Qualcomm 5G AI Processor, which achieves 30% faster AI inference [3] Group 2: Future Initiatives - Ericsson is preparing for the FRMCS 5G pan-European trials, known as MORANE2, which aims to enhance railway communications technology and overall competitiveness within the EU [4] - The successful interoperability test is part of Ericsson's broader strategy to modernize Europe's railway communication systems [6] Group 3: Market Position and Financial Outlook - The demand for Ericsson's solutions is expected to increase, potentially leading to higher revenues and improved financial performance [7] - Ericsson's stock has gained 50.9% over the past year, outperforming the industry growth of 47% [8]

HOLMDEL, N.J., March 4, 2025 /PRNewswire/ -- Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ:ERIC), today announced an expanded collaboration with SAP to help bring agentic AI-driven experiences to enterprises worldwide. By combining Vonage's cutting-edge communications and network Application Programming Interfaces (APIs), SAP Business Technology Platform (SAP BTP) and SAP Business AI, the collaboration aims to create ...

STOCKHOLM, Feb. 27, 2025 /PRNewswire/ -- Aduna, a landmark venture between some of the world's leading telecom operators and Ericsson (NASDAQ: ERIC), has announced a strategic partnership with Canada's EnStream LP, marking a comprehensive Canadian expansion of its network API ecosystem.The collaboration will enable seamless access to telecom network APIs from Bell, Rogers, and TELUS - Canada's three leading nationwide operators - empowering developers and enterprises worldwide to build and scale next-genera ...

Core Points - Ericsson has published its Annual Report 2024, which is available in both Swedish and English for download on its website [1][3] - The report includes the Financial report, Corporate Governance report, Remuneration report, and Sustainability and Corporate Responsibility report for 2024 [3] - Printed copies of the Annual Report 2024 can be ordered through a specific form on Ericsson's investor relations page [1][3] Company Overview - Ericsson has been a pioneer in communication technology for nearly 150 years, providing mobile communication and connectivity solutions for service providers and enterprises [4] - The company aims to create a digital world of tomorrow in collaboration with its customers and partners [4] - Ericsson's networks facilitate connectivity for billions of people daily [4]

Group 1 - Vonage has been awarded Gold in both the 5G Networks and 5G Innovation of the Year categories at the Merit Awards for Telecom 2025, highlighting its significant contributions to 5G technology [1][4] - The company operates globally in over 200 countries and territories, leveraging Ericsson's telecommunications ecosystem to enhance business communications and customer experiences [2][6] - Vonage's network APIs facilitate advanced applications by providing enhanced connectivity, location services, security features, and flexibility for businesses in a digital-first environment [2][7] Group 2 - The Vonage Network Registry is a pioneering developer registration service that streamlines access to network APIs and standardizes approval processes for Communication Service Providers [3] - The collaboration between Vonage and Ericsson focuses on delivering scalable, AI-enhanced solutions that address real-world challenges for customers [4] - Vonage's offerings include Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS), which transform communication and operational methods for businesses [7][8]