Log in
E-mail
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

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

ERICSSON AB

(ERIC B)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Ericsson takes issue with Swedish ban on Huawei - FT

11/18/2020 | 02:30pm EST

STOCKHOLM/LONDON, Nov 18 (Reuters) - Sweden's decision to ban China's Huawei from its 5G networks restricts free competition and trade, the head of rival telecoms equipment supplier Ericsson told the Financial Times.

Swedish telecoms regulator PTS this month halted 5G spectrum auctions after a court suspended parts of its decision that had excluded Huawei from 5G networks over national security risks.

"I belong in that category that believes competition makes us longer term a better company. It may be painful shorter term but longer term it drives us to be more innovative and make better products for our customers," Ericsson CEO Borje Ekholm told the newspaper.

Sweden's Ericsson has won contracts from all three major operators in China to supply radio equipment for 5G networks, while Finnish rival Nokia has not won any 5G radio contracts in the highly competitive market.

Huawei denies being a national security risk and has appealed against Sweden's decision.

China's foreign ministry has said Sweden should lift the ban on Huawei and peer ZTE to avoid a negative impact on Swedish companies in China.

Ekholm said he expected the overall rollout of the new telecoms networks to be delayed, adding the political focus in Europe should be on rolling out 5G as fast as possible.

"Think about 4G - the debate in Europe was: what is the killer app? The Americans and Chinese rolled out 4G fastest and the app economy for consumers is now dominated by American and Chinese firms," he said.

"5G is going to be the same but for enterprise. Slowing the rollout of 5G is a risk for the economy. Europe risks falling behind again."

Separately, finance chief Carl Mellander told the Morgan Stanley Technology, Media and Telecoms conference that fair competition benefitted the whole industry ecosystem.

He also said Ericsson was growing its market share in Europe, where Huawei is facing increasing restrictions.

"We will continue to take market share where there is an opportunity which is truly value creating," he said.

"For the right cases, perhaps in urban areas for example where we know that the traffic will continue to grow, (or) with leading operators (...) those cases we are happy to step into, even if it sometimes needs a bit of margin dilution in the initial stages." (Reporting by Helena Soderpalm in Stockholm and Paul Sandle in London. Editing by Jane Merriman and Mark Potter)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ERICSSON AB 0.65% 99.7 Delayed Quote.1.45%
NOKIA OYJ -1.57% 3.3 Delayed Quote.4.73%
PTS INC. -90.55% 0.0211 Delayed Quote.-82.67%
ZTE CORPORATION 3.50% 36.33 End-of-day quote.7.96%
All news about ERICSSON AB
07:39aEricsson selected by APT for first 5G Multi-Operator Core Network in Taiwan
AQ
01/15ERICSSON : selected by APT for first 5G Multi-Operator Core Network in Taiwan
PU
01/14ERICSSON : selected for massive T-Mobile 5G network expansion across the United ..
PU
01/14TELEFONAKTIEBOLAGET LM ERICSSON : Invitation to media and analyst briefing for E..
AQ
01/13T-Mobile Strikes 5-Year Deals With Ericsson, Nokia To Expand 5G Network
DJ
01/13TELEFONAKTIEBOLAGET LM ERICSSON : nbn sets 5G long-range transmission world reco..
AQ
01/12MARKET CHATTER : US, UK to Promote Japanese Equipment and Technology for 5G Netw..
MT
01/11Cogeo Connexion Announces Management Appointment
MT
01/11Telstra, Ericsson and Ciena partner to deliver a wavelength switched "always ..
AQ
01/08HEIMSTADEN : Bostad strengthens financial position through SEK 4 billion share i..
AQ
More news
Financials
Sales 2020 230 B 27 418 M 27 418 M
Net income 2020 15 291 M 1 823 M 1 823 M
Net cash 2020 18 932 M 2 258 M 2 258 M
P/E ratio 2020 21,5x
Yield 2020 1,58%
Capitalization 334 B 39 869 M 39 877 M
EV / Sales 2020 1,37x
EV / Sales 2021 1,30x
Nbr of Employees 99 826
Free-Float 89,2%
Chart ERICSSON AB
Duration : Period :
Ericsson AB Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ERICSSON AB
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 115,97 SEK
Last Close Price 99,70 SEK
Spread / Highest target 40,8%
Spread / Average Target 16,3%
Spread / Lowest Target -5,72%
EPS Revisions
Managers and Directors
NameTitle
Erik Börje Ekholm President, Chief Executive Officer & Director
Ronnie Leten Chairman
Carl Mellander CFO, Senior VP & Head-Group Function Finance
Erik Ekudden Chief Technology Officer & Senior Vice President
Torbjörn Nyman Director
Sector and Competitors
1st jan.Capitalization (M$)
ERICSSON AB1.45%39 721
CISCO SYSTEMS, INC.1.52%191 965
FOXCONN INDUSTRIAL INTERNET CO., LTD.16.00%46 765
MOTOROLA SOLUTIONS, INC.2.05%29 421
ARISTA NETWORKS, INC.9.12%23 990
ZTE CORPORATION7.96%22 987