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MarketScreener Homepage  >  Equities  >  Bolsa de Madrid  >  Telefonica    TEF   ES0178430E18

TELEFONICA

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Ericsson says has identified software glitch causing mobile network outages

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12/06/2018 | 11:21am EDT

STOCKHOLM (Reuters) - Mobile network equipment group Ericsson said on Thursday it had identified an issue in certain nodes in the core network resulting in network disturbances for some customers.

It said in a statement that the faulty software that caused these issues was being decommissioned.

Ericsson had said earlier on Thursday it was working with mobile companies in Britain and Japan to restore full service to millions of customers hit by outages caused by a software glitch in the Swedish company's equipment.

Ericsson customers affected were using two specific software versions of the node "Serving GPRS Support Node - Mobility Management Entity" (SGSN-MME).

"An initial root cause analysis indicates that the main issue was an expired certificate in the software versions installed with these customers," it said.

O2, Britain's second biggest network, and Japan's Softbank reported network outages on Thursday, leaving many customers unable to access internet services.

(Reporting by Anna Ringstrom)

Stocks treated in this article : Telefonica, SoftBank Group Corp, Ericsson
Stocks mentioned in the article
ChangeLast1st jan.
ERICSSON AB 1.11% 93.28 Delayed Quote.18.40%
SOFTBANK GROUP CORP 3.53% 10705 End-of-day quote.52.82%
TELEFONICA 0.35% 7.202 End-of-day quote.-1.87%
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Financials (€)
Sales 2019 48 691 M
EBIT 2019 6 956 M
Net income 2019 3 758 M
Debt 2019 42 676 M
Yield 2019 5,60%
P/E ratio 2019 9,98
P/E ratio 2020 9,51
EV / Sales 2019 1,64x
EV / Sales 2020 1,61x
Capitalization 37 264 M
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Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 8,87 €
Spread / Average Target 24%
EPS Revisions
Managers
NameTitle
José María Álvarez-Pallete López Executive Chairman & Chief Executive Officer
Ángel Vilá Boix Chief Operating Officer & Director
Laura Abasolo García de Baquedano Chief Financial & Control Officer
Alejandro Ramos Chief Information Security Officer
Isidro Fainé Casas Vice Chairman
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