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Ericsson Updates Risk Factors In Prospectus On Geopolitical And Trade Uncertainty
STOCKHOLM (dpa-AFX) - Swedish telecom equipment maker Ericsson (ERIC), in its update on risk factors for euro corporate bond prospectus, said that there is a risk that the decision by the Post and Telecommunication Authority 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, which is currently in the process of issuing a 500 million euros unsecured 8-year bond under its EMTN program, said that Ongoing geopolitical and trade uncertainty from a range of factors may have a material adverse impact on business, operations, business prospects and consequently on operating results, financial conditions and ability to meet targets.
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Ericsson warned it faces a higher risk of being allocated lower market share in China than it currently holds, as it reiterated concerns about its home market Sweden’s decision to exclude vendors Huawei and ZTE from 5G rollouts.
The company again addressed the China-Sweden issue in an updated prospectus for investors related to Ericsson’s issue of a €500 million unsecured eight year bond.
In its statement, Ericsson reiterated concerns raised in its Q4 2020 financial report, which stated Swedish regulator Post and Telecommunication Authority’s (PTS) decision to exclude Chinese vendor products from domestic networks may adversely impact the economic interests of the nation and its industries, including those of Ericsson.
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
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STOCKHOLM, May 24, 2021 /PRNewswire/ 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 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.