Ericsson (ERIC) Enters Fundings Agreements with a European Investment Bank
Ericsson (NASDAQ: ERIC) is announcing that it has signed two agreements for funding with the European Investment Bank (EIB) for a total of
In addition to strengthening Ericsson’s balance sheet and financial flexibility, the loans have been granted for the purpose of financing Ericsson’s investments in research and development (R&D) in relation to enhanced wireless technology between 2023 and 2025. The R&D investments are an important contributor into Ericsson’s overall plan to reach the Net Zero target by 2040 through reduced energy consumption in the mobile networks globally.
The loans form an important part of Ericsson’s overall funding strategy, complementing other sources.