May 24, 2021 11:41am
Ericsson President and CEO Börje Ekholm has warned repeatedly that excluding Chinese vendors in Sweden is bad for competition. (Pixabay)
Ericsson is once again sounding the alarm bells over Sweden’s plans to exclude Chinese vendors from the 5G buildout, saying it may “adversely impact” the economic interests of Sweden and specifically, Ericsson.
Stockholm-based Ericsson previously issued warnings in its fourth-quarter 2020 and 2020 annual reports.
The company is in the process of issuing a EUR 500 million ($610 million) unsecured 8-year bond. In connection with that proposed issue, it’s updating the risk factors in its prospectus regarding geopolitical and trade uncertainty.
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Biz / Tech Xinhua 11:42 UTC+8, 2021-01-03 0
Borje Ekholm has been lobbying the Swedish government to repeal a ban that prohibits Huawei and ZTE from participating in the country s 5G construction. Xinhua 11:42 UTC+8, 2021-01-03 0
Borje Ekholm, Chief Executive Officer (CEO) of Swedish telecom giant Ericsson, has been lobbying the Swedish government to repeal a ban that prohibits Huawei and ZTE from participating in the country s 5G construction, according to local newspaper Dagens Nyheter. In a series of text messages to Swedish Foreign Trade Minister Anna Hallberg, the CEO has urged a review of the ban by the Swedish Post and Telecommunication Administration, which requires operators to withdraw the Chinese comp