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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Ericsson AB    ERIC B   SE0000108656

ERICSSON AB

(ERIC B)
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Ericsson : Britain to cut Huawei decision from telecoms review - sources

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07/19/2019 | 08:56am EDT

LONDON (Reuters) - Britain plans to publish the results of a long-awaited telecoms supply chain review next week without a decision on the use of equipment made by China's Huawei in future 5G networks, people with knowledge of the matter told Reuters.

Lawmakers said on Friday the government needed to make a decision on Huawei Technologies as "a matter of urgency" and continued delays were damaging international relations.

Britain's National Security Council, chaired by outgoing Prime Minister Theresa May, met to discuss the issue in April and a decision was made to block Huawei from all critical parts of the 5G network over security concerns, but still allow it restricted access to less sensitive parts.

The final decision on Huawei was then supposed to have been made public in a review of the telecoms supply chain led by the Department for Digital, Culture, Media and Sport, but May's decision to step down has stalled the process.

Three sources said the government planned to publish the results of the review as soon as Monday but the section on 5G equipment vendors would be "kept back" for a decision to be made by the next prime minister.

A government spokesman said the results of the review would be "announced in due course" and all network operators would have to comply with the decision.

(Reporting by Jack Stubbs; editing by Stephen Addison)

Stocks treated in this article : Ericsson AB, Nokia Oyj
Stocks mentioned in the article
ChangeLast1st jan.
ERICSSON AB 1.00% 81.2 Delayed Quote.3.18%
NOKIA OYJ 1.66% 4.71 Delayed Quote.-7.89%
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Financials (SEK)
Sales 2019 224 B
EBIT 2019 20 824 M
Net income 2019 9 792 M
Finance 2019 21 948 M
Yield 2019 1,52%
P/E ratio 2019 27,4x
P/E ratio 2020 17,6x
EV / Sales2019 1,10x
EV / Sales2020 1,03x
Capitalization 269 B
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Technical analysis trends ERICSSON AB
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 95,45  SEK
Last Close Price 81,20  SEK
Spread / Highest target 53,3%
Spread / Average Target 17,5%
Spread / Lowest Target -15,0%
EPS Revisions
Managers
NameTitle
Erik Börje Ekholm President, Chief Executive Officer & Director
Ronnie Leten Chairman
Carl Mellander CFO, Senior VP & Head-Group Function Finance
Erik Ekudden Senior Vice President & Chief Technology Officer
Torbjörn Nyman Director
Sector and Competitors
1st jan.Capitalization (M$)
ERICSSON AB3.18%27 526
CISCO SYSTEMS8.38%201 023
FOXCONN INDUSTRIAL INTERNET CO LTD23.90%40 464
NOKIA OYJ-7.89%28 783
MOTOROLA SOLUTIONS50.66%28 694
ARISTA NETWORKS4.97%16 952