Ericsson Says Pandemic May Set Back European 5G Rollouts [Yahoo! Finance News]
Ericsson - American Depositary Shares each representing 1 underlying Class B share (ERIC)
Last ericsson - american depositary shares each representing 1 underlying class b share earnings: 4/22 01:48 am
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Source: Yahoo! Finance News
) -- Ericsson AB said Europe risks falling further behind on fifth-generation networks as phone carriers postpone upgrades to the latest cellular technology due to coronavirus lockdowns.The pandemic is already making it harder for the communications equipment supplier to deliver its services, though this had only a limited effect on operating income and cashflow during the first quarter, the company said in a statement.Key InsightsEricsson and peers such as Nokia Oyj are seen as relatively insulated from the virus pandemic as demand for communication services is holding up with the shift to home working and schooling.However, the pandemic has led to the postponement of European 5G spectrum auctions in countries including Spain, Austria and Poland, and a U.K. auction scheduled for the second quarter could also be delayed.A general pushback in 5G investments would be a setback for Ericsson, which has gone through a turnaround under Chief Executive Officer Borje Ekholm by focusing on the
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- Ericsson (NASDAQ:ERIC) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
ERIC
Earnings
- 10/14/25 - Beat
ERIC
Sec Filings
- 11/12/25 - Form 6-K
- 10/14/25 - Form 6-K
- ERIC's page on the SEC website