Telecomunicazioni
Ericsson signs funding agreements with the European Investment Bank
Carl Mellander , Ericsson's CFO, says: "Wireless technology will play a key role in transitioning towards a low-carbon economy. The signing of the funding agreements with the European Investment Bank provides Ericsson with increased flexibility to drive critical research and development into making our own products more competitive and energy efficient. This will benefit our operator customers as well as other industrial sectors in their efforts to create a positive impact."
The loans form an important part of Ericsson's overall funding strategy, complementing other sources.
In December 2023 , Ericsson signed a 7-year EUR 100 million green funding agreement with the Nordic Investment Bank (NIB). The loan will finance R&D investments in wireless technology.
On November 23, 2023 , Ericsson announced the successful placement of a green Euro-denominated 500 million 4.5-year bond. The bond was issued within Ericsson's Green Financing Framework, under the Company's Euro Medium Term Note Program (EMTN).
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Ericsson enables communications service providers and enterprises to capture the full value of connectivity. The company's portfolio spans the following business areas: Networks, Cloud Software and Services, Enterprise Wireless Solutions, Global Communications Platform, and Technologies and New Businesses. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com
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View original content:https://www.prnewswire.co.uk/news-releases/ericsson-signs-funding-agreements-with-the-european-investment-bank-302045518.html