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Ericsson secures €420 million funding from European Investment Bank

Swedish telecoms giant Ericsson announced it has reached two agreements for funding with the European Investment Bank for a total of €420 million ($455 million). The company said €250 million was disbursed in December 2023. The loans are allocated to fund Ericsson's research and development (R&D) initiatives focused on advancing wireless technology from 2023 to 2025. Ericsson stated that the R&D investments are an important contributor to the company's overall p...
European Investment Bank Nordic Investment Bank Nordic Investment European Investment Bank Wireless Technology Nordic Investment Bank
Source: yahoo.com

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Ericsson signs 420 mn euros funding agreements with European Investment Bank, ET Telecom

“In addition to strengthening Ericsson’s balance sheet and financial flexibility, the loans have been granted for the purpose of financing Ericsson’s investments in research and development (R&D) in relation to enhanced wireless technology between 2023 and 2025,” Ericsson said.
European Investment Bank European Investment Carl Mellander Nordic Investment Bank European Investment Bank Ricssons Green Financing Framework

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