Last $12.91 USD
Change Today +0.05 / 0.39%
Volume 1.7M
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As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

ericsson (lm) tel-sp adr (ERIC) Key Developments

Ericsson Appoints Clara Pelaez as its New Vice President for Strategy, Marketing and Communications in the Mediterranean Region

Ericsson has named Clara Pelaez its new vice president for strategy, marketing and communications in the Mediterranean region. She reports to Nunzio Mirtillo, head of Ericsson in Italy and the Mediterranean region. Pelaez joined Ericsson in 1999 as a business manager, after previously working for companies such as Pirelli Fibre and Alcatel. She also leads the advisory board of the Foundation Lars Magnus Ericsson and works as a mentor in the Connected Women programme of the GSMA.

Ericsson Announces Resignation of Douglas Gilstrap as Senior Vice President and Head of Group Function Strategy

Ericsson announced that Douglas Gilstrap will resign from his role as Senior Vice President and Head of Group Function Strategy and leave Ericsson's Executive Leadership Team.

Approve Dividend for the Year 2013 Payable on April 23, 2014

Ericsson approved dividend of SEK 3 per share at the AGM Held on April 11, 2014. The record day for dividend was set to April 16, 2014. Payment from Euroclear Sweden AB is expected to take place on April 23, 2014.

Ericsson Proposes Dividend, to Disburse on April 23, 2014

Ericsson announced that at the Annual General Meeting of shareholders to be held April 11, 2014 the Board of Directors proposes a dividend of SEK 3 per share and April 16, 2014, as record date for dividend. Assuming this date will be the record day, Euroclear Sweden AB is expected to disburse dividends on April 23, 2014.

Far EasTone Chooses Ericsson as Major LTE Supplier

Far EasTone announced that it has chosen Ericsson as its major LTE supplier. Ericsson will provide hardware, software and support services, rolling out a multi-access RAN and core network for both 3G and 4G services, as well as assisting with network optimization. The agreement will see the LTE network rolled out nationwide, giving Far EasTone customers around the country speeds of up to 150 Mbps/50 Mbps (downlink/uplink) with 20 MHz LTE frequency bandwidth for smartphone and mobile broadband use. To speed up the network rollout, the 700 and 1,800 MHz bands will both be supported. The deal will also see the implementation of Ericsson's 4G CBS (Cell Broadcast System) which will enable the Taiwanese government and consumers to avail of disaster warning services.

 

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ERIC

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Price/Earnings 22.4x
Price/Sales 1.2x
Price/Book 1.9x
Price/Cash Flow 20.9x
TEV/Sales 0.6x
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