Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. ERICSSON
  6. News
  7. Summary
    ERIC B   SE0000108656

ERICSSON

(ERIC B)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Ericsson : and Telia celebrate 40 years of modern connectivity

10/04/2021 | 07:23am EST

As Ericsson and Telia reflect on the impact of the launch of their first-generation mobile network 40 years ago, it highlights just how far the telecommunications companies have come to still be at the forefront of 5G technology.

When Ericsson and Telia launched the first-generation (1G) mobile network on October 1, 1981, little was known about how much it would change the world as we knew it.

As the collaboration continues to thrive with 5G, and with 100 live 5G networks about to be reached by Ericsson, more milestones are likely to follow.

It was in the Stockholm suburb of Hammarby that 1G was switched on in the Nordic Mobile Telephony (NMT) network. Today, Telia has just exceeded 5.5 million users - covered by its 5G networks in the Nordic and Baltics.

Since laying the foundation for mobile communication across the globe forty years ago, a staggering 5.2 billion people worldwide now rely on the Ericsson and Telia innovation.

40 years anniversary of 1G

Celebrating 40 years of modern innovation in the Nordics

Continuing the technology revolution

Rather than contemplating their achievement, the telecommunications partners are looking to continue to create game-changing waves on a global scale - this time by leading the development of the fifth-generation mobile network, more commonly known as 5G.

Arun Bansal, President of Europe and Latin America, Ericsson, says: 'Every historical event begins with a first step. Today, we celebrate Ericsson and Telia taking that all-important first step that led to modern connectivity as we know it. Since then, every generation of mobile telephony has brought innovation that has shaped and changed the world. We're so proud to have been there every step of the way - and look forward to the ongoing journey ahead.'

Allison Kirkby, President and CEO, Telia Company, says: 'Telia and Ericsson's collaboration is one of a kind, and together we've pushed technology boundaries for more than a century, making the Nordic and Baltics the world's most connected region. 5G will unleash a new wave of innovation and creativity, reinventing the way we experience all things digital.

As a catalyst for digital transformation, 5G will continue to enable the possibility for use cases that couldn't be done before and is now redefining how many of us envision the future both at home and in the workplace.

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ERICSSON 2.67% 94.15 Delayed Quote.-6.08%
TELIA COMPANY AB 1.52% 35.29 Delayed Quote.2.78%
All news about ERICSSON
11/30Ericsson Estimates 5G Subscriptions Could Hit 660 Million This Year
DJ
11/30Sweden's Ericsson sees 660 million 5G subscriptions by year end
RE
11/24ARCELORMITTAL PARTNERS WITH ORANGE B : 5G Steel
AQ
11/23Moody's Updates Ericsson's Outlook to Stable Over $6.2 Billion Vonage Deal
MT
11/23Activist fund Cevian nearly halves stake in Thyssenkrupp
RE
11/23Ericsson's ú4.6bn acquisition of cloud based Vonage splits analysts
AQ
11/22ADRs End Lower; Telecom Italia, Ericsson Among Companies Actively Trading
DJ
11/22US Stocks Spill Early Gains, Close Red as Powell Gains Biden Nod for Second Term as Fed..
MT
11/22Communications Services Down As Risk Aversion Offsets Deal Activity -- Communications S..
DJ
11/22US Stocks Start Week Mostly Lower on Biden Plan to Nominate Fed Chair Powell for Second..
MT
More news
Analyst Recommendations on ERICSSON
More recommendations
Financials
Sales 2021 230 B 25 309 M 25 309 M
Net income 2021 18 892 M 2 076 M 2 076 M
Net cash 2021 48 507 M 5 330 M 5 330 M
P/E ratio 2021 16,2x
Yield 2021 2,30%
Capitalization 305 B 33 373 M 33 566 M
EV / Sales 2021 1,12x
EV / Sales 2022 1,02x
Nbr of Employees 102 203
Free-Float 89,6%
Chart ERICSSON
Duration : Period :
ERICSSON Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ERICSSON
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 91,70 SEK
Average target price 126,17 SEK
Spread / Average Target 37,6%
EPS Revisions
Managers and Directors
Erik B÷rje Ekholm President, Chief Executive Officer & Director
Carl Mellander CFO, Senior VP & Head-Group Function Finance
Ronnie Leten Chairman
Erik Ekudden Chief Technology Officer & Senior Vice President
Xavier Dedullen Secretary, Chief Legal Officer & Senior VP
Sector and Competitors
1st jan.Capi. (M$)
ERICSSON-6.08%33 373
CISCO SYSTEMS, INC.22.97%237 156
MOTOROLA SOLUTIONS, INC.45.83%41 887
ARISTA NETWORKS, INC.66.84%37 243
FOXCONN INDUSTRIAL INTERNET CO., LTD.-17.82%35 053
NOKIA OYJ59.31%32 295