The Latest Breaking News from ERIC

The U.S. Department of Justice admitted that Telefonaktiebolaget L M Ericsson (NASDAQ:ERIC) failed to make adequate disclosures about its operations in Iraq before entering a deferred prosecution agreement in 2019 Bloomberg reports. The DOJ also determined that Ericsson breached the agreement by "failing to make subsequent disclosure" after signing it.  Ericsson's dealings in Iraq came…

The 5G industry is gaining significant investor attention thanks to rapid digitization and the continuation of hybrid working structures. Given the industry’s solid growth prospects, Wall Street analysts expect quality 5G stocks Marvell (MRVL), Telefonaktiebolaget (ERIC), and Silicon (SLAB) to rally by more than 35% in price in the coming…

Citi analyst Andrew Gardiner downgraded Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) to Neutral from Buy, calling the company "uninvestable." The re-rating followed the report of alleged "tens of millions of dollars in suspicious payments" by the telecom company to ISIS over nearly a decade to keep its business in Iraq. Related Content:…

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) may have made payments to the ISIS terror organization to gain access to specific transport routes in Iraq, Bloomberg reports as per CEO Borje Ekholm’s statement to a newspaper Dagens Industri. Ericsson had identified “unusual expenses dating back to 2018” and was yet to determine the final recipient of…