ERIC - Ericsson Powers Up: Secures EUR 420M Boost For Next-Gen Wireless Technology | Benzinga
Ericsson (NASDAQ:ERIC) inked two agreements for funding with the European Investment Bank (EIB) for a total of EUR 420 million.
Around EUR 250 million of the funding was disbursed in December 2023. The loan will finance Ericsson’s investments in research and development (R&D) related to enhanced wireless technology between 2023 and 2025 and boost financial flexibility.
Also, the loans will finance parts of Ericsson’s R&D investments in ...