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Ericsson (ERIC) is a global telecommunications company specializing in providing infrastructure, software, and services to enable connectivity and digital transformation. The company focuses on developing advanced telecommunications solutions, including 5G networks, cloud-native platforms, and enterprise communication services. Ericsson's offerings cater to both communication service providers and enterprise customers worldwide.
- Networks - Delivers multi-technology-capable Radio Access Network (RAN) solutions, including purpose-built and Open RAN-prepared hardware and software, Cloud RAN, transport portfolios, and antenna solutions. Also provides network deployment and support services.
- Cloud Software and Services - Offers solutions for core networks, business and operational support systems, network design and optimization, and managed network services, enabling cloud operations and intelligent, automated networks.
- Enterprise - Comprises solutions such as Unified Communications as a Service (UCaaS), private wireless networks, and mobile financial services, targeting enterprise customers.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Åsa Tamsons Executive | SVP, Head of Business Area Enterprise Wireless Solutions, and CEO of Cradlepoint | Board Member at CNH Industrial | Åsa Tamsons joined Ericsson in 2018 and became CEO of Cradlepoint in November 2023, driving enterprise wireless solutions growth. | |
Börje Ekholm Executive | President and CEO | Board Chair at Trimble Inc.; Board Member at Swedish-American Chamber of Commerce New York | Börje Ekholm has been Ericsson's CEO since 2017, focusing on 5G leadership and business transformation. | |
Carl Mellander Executive | Senior Vice President and CFO | Board Member at ICC Sweden; Board Member at Grönskär Gruppen AB | Carl Mellander has been CFO since 2017, playing a key role in Ericsson's financial turnaround and compliance improvements. | |
Chris Houghton Executive | Chief Operating Officer (COO) | None | Chris Houghton became COO in November 2023 after 35 years at Ericsson, leading cost efficiency initiatives. | |
Erik Ekudden Executive | SVP and Chief Technology Officer (CTO) | Board Member at ASSA ABLOY AB | Erik Ekudden has been CTO since 2018, focusing on technology strategy and innovation. | |
Jenny Lindqvist Executive | SVP and Head of Market Area Europe & Latin America | Board Member at TechSverige | Jenny Lindqvist has been with Ericsson since 2023, driving growth in Europe and Latin America markets. | |
Niklas Heuveldop Executive | Head of Business Area Global Communications Platform and CEO of Vonage | Board Member at Swedish-American Chamber of Commerce New York; Board Member at CTIA | Niklas Heuveldop has been with Ericsson since 2017 and assumed his current role in February 2024, focusing on enterprise growth. | |
Scott Dresser Executive | SVP, Chief Legal Officer, and Secretary | Board Member at BirdLife International | Scott Dresser has been Chief Legal Officer since 2022, overseeing legal and compliance functions. | |
Stella Medlicott Executive | SVP, Chief Marketing and Communications Officer | None | Stella Medlicott has been CMO since 2019, leading global marketing and communications strategies. | |
Christy Wyatt Board | Board Member | Board Member at Silicon Laboratories Inc. and Absolute Software Corporation | Christy Wyatt joined Ericsson's Board in 2023, bringing her leadership experience in technology and software companies. | |
Eric A. Elzvik Board | Board Member | Board Chair at Global Connect Group and Deutsche Glasfaser Group; Board Member at Landis+Gyr Group AG and AB Volvo | Eric A. Elzvik has been on Ericsson's Board since 2017 and chairs the Audit and Compliance Committee. | |
Helena Stjernholm Board | Board Member | President and CEO of AB Industrivärden; Board Member at AB Volvo and Sandvik AB | Helena Stjernholm has been on Ericsson's Board since 2016, contributing her private equity and governance expertise. | |
Jacob Wallenberg Board | Deputy Chair of the Board of Directors | Chair of Investor AB; Deputy Chair of ABB Ltd, FAM, Patricia Industries, Wallenberg Investments AB | Jacob Wallenberg has been Deputy Chair since 2011, contributing financial expertise and governance leadership. | |
Jan Carlson Board | Chair of the Board of Directors | Chair of the Board at Autoliv Inc.; Board Member at AB Volvo | Jan Carlson has been Chair of Ericsson's Board since 2023, bringing extensive governance and leadership experience. | |
Jon Fredrik Baksaas Board | Board Member | Chair of the Board at DNV GL Group AS; Board Member at Svenska Handelsbanken AB | Jon Fredrik Baksaas joined Ericsson's Board in 2017, leveraging his telecom expertise from his tenure as CEO of Telenor Group. | |
Jonas Synnergren Board | Board Member | Senior Partner at Cevian Capital AB; Board Member at Nordea Oyj | Jonas Synnergren joined Ericsson's Board in 2023, leveraging his expertise in finance and governance. | |
Kristin S. Rinne Board | Board Member | Trustee of Washburn University Foundation; Advisory Board Member at Link Labs | Kristin S. Rinne has been on Ericsson's Board since 2016, bringing extensive telecom industry experience from her time at AT&T. |
- Given the strong revenue contribution from the AT&T contract in Q3, why does your Q4 outlook indicate subseasonal Networks revenue growth, and how do you anticipate this contract will affect revenue seasonality and group margins in the coming quarters?
- With your rolling 12-month EBITA margin at around 10% in Q3, below your target of 15-18%, what specific additional cost actions do you plan for 2025 in a flat market with inflationary pressures, and can you achieve your margin targets without further restructuring?
- Enterprise Wireless Solutions experienced a significant slowdown in growth this quarter and you anticipate continued softness; can you explain the specific reasons for this decline and detail the measures you are taking to revive growth in this segment?
- You have consistently provided conservative gross margin guidance but have outperformed in recent quarters; is there a visibility issue with your forecasting processes, or are unexpected factors contributing to these better-than-expected margins?
- In the competitive RAN market, especially with pressure from Chinese vendors, how do you plan to maintain market share without compromising margins, and are there strategic adjustments you're making to tackle these competitive challenges?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Ericom Software Limited | 2023 | Acquired by Cradlepoint (an Ericsson subsidiary) on April 3, 2023 via an all-cash transaction valued at SEK 0.9 billion. The acquisition was strategically aimed at enhancing SASE and zero-trust offerings by integrating advanced cloud-based security solutions into Ericsson’s NetCloud Threat Defense service, generating future technology synergies. |
Vonage Holdings Corp. | 2022 | Acquired by Ericsson for approximately USD 6.2 billion (total consideration of SEK 54.0 billion, including SEK 43.7 billion in goodwill) and completed on July 21, 2022. The deal provided Ericsson with cloud communications solutions (including CPaaS, UCaaS, and CCaaS) to leverage 5G network capabilities and drive enterprise growth, with synergistic integration led by Vonage’s CEO joining Ericsson's executive team. |
Recent developments and announcements about ERIC.
Press Releases
Press Release
·Feb 12, 2025, 1:49 AMView full press release →Ericsson and LCRA sign a multi-year deal to deploy a private LTE network across 68 Texas counties. The 5G-ready solution will boost grid resilience and secure operations, with initial deployments starting in Q1 2025.