|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||69.40 - 70.00|
|52 Week Range||69.40 - 70.00|
|Beta (5Y Monthly)||0.16|
|PE Ratio (TTM)||12.50|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Ericsson is continuing to supply mobile phone equipment to Russia despite pledging to halt operations in the country after Vladimir Putin's invasion of Ukraine.
Ericsson (NASDAQ: ERIC) announced today that it will partner with Bluesky, a telecommunications and network service provider in the United States Territory of American Samoa, to provide equipment and services to modernize their network in the region.
STOCKHOLM (Reuters) -Ericsson said on Friday it is only providing software and technical support to Russian clients and has not sold any telecommunications equipment to mobile operators there since the Ukraine war started, after Swedish media reported the company had continued its exports. Ericsson suspended its business in Russia in April and said in August that it would exit the country in the coming months. It recorded a charge of 900 million Swedish crowns ($81 million) and made 400 employees redundant in the country as it winds down operations.