Ericsson updates risk factors for Euro corporate bond prospectus · Ericsson is currently in the process of issuing a EUR 500 million unsecured 8-year bond under its EMTN program · In connection with this proposed issue, Ericsson updates the risk factors in its prospectus regarding geopolitical and trade uncertainty As previously disclosed by Ericsson (NASDAQ: ERIC) in its Q4 2020 financial report and in its 2020 annual report, there is a risk that the decision by the Post and Telecommunication Authority (PTS) to exclude Chinese vendors products from the 5G auction in Sweden may adversely impact the economic interests of Sweden and Swedish industry, including those of Ericsson.
Ericsson announces settlement with impact in second quarter 2021
- Settlement with Nokia of EUR 80 m (SEK 0.8 b equivalent) related to 2019 resolution with the U.S. authorities
- Impact of EUR 80 m on EBIT and EUR 26 m on cashflow in Q2 2021
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STOCKHOLM, May 12, 2021 /PRNewswire/ Ericsson (NASDAQ: ERIC) has reached an agreement with Nokia for settling a damages claim against Ericsson. The settlement relates to events that were the subject of a 2019 resolution with the U.S. Department of Justice (DOJ) and U.S. Securities and Exchange Commission (SEC) of investigations into Ericsson s violations of the U.S. Foreign Corrupt Practices Act (FCPA).
Ericsson and Samsung sign global patent license agreement
Agreement includes global patent cross license of cellular technologies, including 5G
Settlement ends all ongoing patent related legal disputes between the parties
In the second quarter 2021, IPR licensing revenues are expected to be SEK 2.0 b. to 2.5 b.
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STOCKHOLM, May 7, 2021 /PRNewswire/ Ericsson (NASDAQ: ERIC) and Samsung have reached a multi-year agreement on global patent licenses between the two companies, including patents relating to all cellular technologies. The cross-license agreement covers sales of network infrastructure and handsets from January 1, 2021.
Furthermore, Ericsson and Samsung have agreed on technology cooperation projects to advance the mobile industry in open standardization and create valuable solutions for consumers and enterprises.
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KISTA, Sweden, May 4, 2021 /PRNewswire/ Ericsson (NASDAQ: ERIC) targets a USD 90 billion small and medium business (SMB) market in the US with a 5G-ready virtual workspace service designed to address the needs of more than 6 million companies, representing 40% of the US workforce. Ericsson Wireless Office removes the dependency of in-house IT expertise, physical installments, and devices while providing reliable and secure network access anywhere and anytime. The embedded security framework delivers a secure remote access service that lets businesses protect their applications from Internet threats while maintaining control and governance of access over their contractors, partners, vendors, and employees.
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