Telefonaktiebolaget L M Ericsson logo

Telefonaktiebolaget L M Ericsson - Class B

OTCPK:ERIXF (Sweden)   Class B
$ 5.41 +0.23 (+4.44%) 11:09 PM EST
At Loss
P/B:
1.73
Market Cap:
$ 17.42B
Enterprise V:
$ 17.46B
Volume:
-
Avg Vol (2M):
29.70K
Also Trade In:
Volume:
-
At Loss
Avg Vol (2M):
29.70K

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.