Company Overview of Ericsson AB
Ericsson AB manufactures and markets radio and television communication equipment. The company was formerly known as Ericsson Radio Systems AB. The company is based in Stockholm, Sweden. Ericsson AB (Sweden) operates as a subsidiary of Ericsson.
Stockholm, 164 80
46 1 07 19 00 00
46 87 52 80 56
Key Executives for Ericsson AB
Compensation as of Fiscal Year 2015.
Ericsson AB Key Developments
Cisco Denies Report That It's Interested in Buying Ericsson
Nov 14 15
Cisco Systems, Inc. (NasdaqGS:CSCO) said it isn’t interested in trying to take over Ericsson AB, refuting a report made by a Swedish website, Dagens Industri. Cisco is focused on its recently announced partnership with the maker of wireless-system machinery, said Nigel Glennie, a spokesman for San Jose, California-based Cisco. "As our executives have said this week, other types of transactions were never on the table," Glennie said. "We’re excited about the strategic partnership we announced on Monday and the potential it offers for both companies." Minako Nakatsuma Olofzon, a spokeswoman for Stockholm-based Ericsson, said the company doesn’t comment on rumors or speculation. "We look forward to starting to execute on the partnership we announced with Cisco this week," Minako Nakatsuma Olofzon said.
Ericsson Reportedly Seeks Acquisitions
May 27 15
Ericsson AB is looking for bigger merger and acquisitions. Ericsson is open to a transaction to counter a move by rivals Nokia and Alcatel-Lucent SA to combine and overtake the Swedish company as a leading provider of network equipment, said people familiar with the plans. Hans Vestberg, Chief Executive Officer of Ericsson plans to gather with his top managers next month to discuss strategy, and a key area is what Ericsson can do to respond after Nokia’s $16.6 billion acquisition of Alcatel-Lucent, said one of the people, who asked not to be identified discussing private deliberations. A spokesman for Ericsson declined to comment on Ericsson’s acquisition plans.
Ericsson AB Launches New Router 6000 Series
Feb 20 15
Ericsson AB has launched new Router 6000 series. The Router 6000 series addresses the end-to-end network security concerns and demand for higher operational efficiency. The advanced radio integrated transport, along with Service Provider SDN (Software Defined Network) functionality and Ericsson Network Manager, enables application aware traffic engineering with plug-and-play installation. The new router series is a key element in Ericsson's next-generation portfolio, a comprehensive suite of platforms running one network operating system (IPOS), spanning from cell-site routers to edge, mobile core and data centers.
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