Telefonaktiebolaget L M Ericsson - Class B

MIL:1ERICB (Sweden)   Class B
€ 5.73 (+1.78%) Jun 28
At Loss
P/B:
2.01
Market Cap:
€ 19.27B ($ 20.65B)
Enterprise V:
€ 19.63B ($ 21.05B)
Volume:
200.00
Avg Vol (2M):
298.00
Trade In:
Volume:
200.00
At Loss

Business Description

Description
Ericsson provides telecom equipment and services that are primarily used to build and facilitate mobile networks through operations in three segments: networks, cloud and software services, and enterprises. The firm's customers have historically been primarily wireless carriers, but the firm is making a push to cater more to other enterprises as well, both as they try to take advantage of 5G capabilities and on other "as-a-service" communications platforms. The company also licenses its patents to handset manufacturers so their devices are compatible with wireless networks.