May 24, 2021 11:41am
Ericsson President and CEO Börje Ekholm has warned repeatedly that excluding Chinese vendors in Sweden is bad for competition. (Pixabay)
Ericsson is once again sounding the alarm bells over Sweden’s plans to exclude Chinese vendors from the 5G buildout, saying it may “adversely impact” the economic interests of Sweden and specifically, Ericsson.
Stockholm-based Ericsson previously issued warnings in its fourth-quarter 2020 and 2020 annual reports.
The company is in the process of issuing a EUR 500 million ($610 million) unsecured 8-year bond. In connection with that proposed issue, it’s updating the risk factors in its prospectus regarding geopolitical and trade uncertainty.
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