ericsson
Various board reports were approved by Swedish telecommunications giant Ericsson's annual general meeting (AGM), the company said on Thursday. The AGM resolved to adopt the income statement and the balance sheet for the parent company as well as the consolidated income statement and the consolidated balance sheet for the group for 2023. The AGM was held on Wednesday in the Kista district of Stockholm. The proposed dividend of 2.70 Swedish kronor ($0.25) per share was approved by the AGM. The dividend will be paid in two equal instalments: 1.35 kronor per share with the record date Friday, Apri...
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The Swedish telecommunications giant Ericsson said on Tuesday that it plans to deliver 5G-supported digital transformation to multiple US federal government agencies via a new entity, Ericsson Federal Technologies Group or EFTG, it formed. Ericsson meets USG requirements for 5G networks, including support for Open RAN-ready technologies and equipment Made in the USA from its Texas-based USA 5G Smart Factory, it said. This new organization will also partner with leading systems integrators, existing customers, and USG entities to analyze requirements essential for capturing new demands. EFTG wi...
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The Swedish Civil Contingencies Agency bought a 5G core network from telecoms giant Ericsson to develop the emergency communications network Rakel G2, the firm announced on Tuesday. The financial details of the transaction are not yet known. Rakel G2 is a critical communications network for Sweden's public safety and emergency services including national defence purposes. The implementation of the new core network will start in 2024. According to Ericsson, the communications network will help police, fire brigades, emergency medical services and military organizations collaborate effectively d...
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