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ERIC Ericsson

5.20
0.05 (0.97%)
03 May 2024 - Closed
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
  0.05 0.97% 5.20 5.20 5.25 5.27 5.20 5.23 13,615,812 21:50:30

Ericsson Includes Risks From Ban on Chinese 5G Products in Bond Prospectus

24/05/2021 8:13am

Dow Jones News


Ericsson (NASDAQ:ERIC)
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From May 2021 to May 2024

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By Dominic Chopping

 

STOCKHOLM--Ericsson AB said Monday that it has updated the risk factors in the prospectus for its proposed 500 million euro ($609 million) unsecured 8-year bond issue to include geopolitical and trade uncertainty.

Ericsson has previously cautioned that the decision by Sweden's Post and Telecommunication Authority to exclude Chinese vendors' products from the 5G auction in Sweden may adversely impact the economic interests of Sweden and Swedish industry, including those of Ericsson.

This risk has now been included in Ericsson's euro medium-term note prospectus.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

(END) Dow Jones Newswires

May 24, 2021 03:05 ET (07:05 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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