NIKKEI 225
26,393.04 0.00 (0.00%) HANG SENG
21,859.79 -137.10 (-0.62%) CRUDE OIL
106.18 +0.42 (+0.40%) GOLD FUTURES
1,806.90 -0.40 (-0.02%) DOW
30,775.43 -253.88 (-0.82%) BTC-GBP
16,258.64 -390.04 (-2.34%)
Telefonaktiebolaget LM Ericsson (publ) (0O86.L)
- Reuters
Ericsson's $6.2 billion Vonage takeover delayed over U.S. review
Ericsson said on Tuesday the closing of its $6.2 billion Vonage acquisition was delayed to the end of July, from the first half of the year, due to a pending investigation by a U.S. national security panel. The Swedish telecom equipment maker agreed to buy cloud communications firm Vonage in all-cash deal in November, as part of its efforts to broaden its 5G portfolio. But, since then, Ericsson has faced a bribing scandal in Iraq that has led to the U.S. Department of Justice and the Securities and Exchange Commission (SEC) opening investigations against the company.
- Reuters
Ericsson expects 5G subscriptions to cross 1 billion in 2022
Swedish telecom equipment maker Ericsson said on Tuesday it expects global 5G mobile subscriptions to surpass 1 billion in 2022, helped by higher adoption in China and North America. Ericsson, which competes with China's Huaweiand Finland's Nokia, is a leading supplier of mobile gear, including 5G. While 5G subscriptions grew by 70 million during the first quarter to around 620 million, 4G subscribers grew by 70 million to around to 4.9 billion.
- Reuters
Ericsson shares fall on worries of bigger fine as U.S. SEC starts probe
STOCKHOLM (Reuters) -Shares of Ericsson fell 2.5% on Friday as the chance of it suffering a higher fine increased with the U.S. Securities and Exchange Commission (SEC) starting a separate investigation into the company's handling of misconduct in Iraq. U.S. agencies investigated the company earlier, with the result that Ericsson had to pay a $1 billion fine in 2019 as part of settlement of a bribery case. It also had to enter a deferred prosecution agreement (DPA).
