Ericsson financial information restated for IFRS 15

Ericsson (NASDAQ: ERIC) announces restated consolidated income statement information, in line with the new accounting standard IFRS 15, applied as of January 1, 2018. To facilitate year-on-year comparisons, Ericsson discloses restated financial information for full year 2016 and each quarter of 2017. The complete tables of restated financial information are available at www.ericsson.com/investors.

Ericsson sues Wiko for patent infringement

On August 14, 2017, Ericsson (NASDAQ: ERIC) sued smartphone maker Wiko, in the regional courts of Düsseldorf and Mannheim in Germany, for infringement of patents essential for 2G, 3G and 4G cellular technology, as well as implementation patents.
Wiko has been infringing Ericsson’s intellectual property rights for six years without any license or compensation.
Ericsson has tried to establish a fair, reasonable, and non-discriminatory (FRAND) license agreement with Wiko since May 2013, but has not succeeded.

Pages

Subscribe to XEX RSS