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ERIC Ericsson

5.25
0.04 (0.77%)
Pre Market
Last Updated: 12:21:24
Delayed by 15 minutes
Name Symbol Market Type
Ericsson NASDAQ:ERIC NASDAQ Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.04 0.77% 5.25 5.26 5.27 6,171 12:21:24

Ericsson Gets $1 Billion Software Deal From VimpelCom

13/06/2016 10:42am

Dow Jones News


Ericsson (NASDAQ:ERIC)
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By Dominic Chopping

 

STOCKHOLM--Wireless telecom-equipment maker Ericsson AB (ERIC) said Monday it has signed a software deal with Amsterdam-based VimpelCom Ltd. (VIP) worth over $1 billion.

It said the deal will see Ericsson overhaul VimpelCom's IT infrastructure across 11 countries, using new software and cloud technologies, allowing it to deliver new digital services.

 

-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @domchopping @WSJNordics

 

(END) Dow Jones Newswires

June 13, 2016 05:27 ET (09:27 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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