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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Ericsson AB    ERIC B   SE0000108656

ERICSSON AB

(ERIC B)
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Telefonaktiebolaget LM Ericsson : MTS and Polymetal to launch Russia's first commercial 5G-ready dedicated network with Ericsson

11/24/2020 | 08:35am EST

Russian communications service provider Mobile TeleSystems (MTS) is to deploy an Ericsson-powered 5G-ready dedicated network for gold and silver producer Polymetal at the Nezhdaninskoye gold deposit in the Republic of Sakha (Yakutia).

The network will be introduced at the end of 2020 and be built on Ericsson Dedicated Networks solution. Th solution will provide a critical communications infrastructure and the Internet of Things (IoT).

After successfully implementing a number of pilot projects with leading Russian enterprises and deploying Private LTE and 5G-ready networks for various industrial needs, MTS will build the first commercial Private LTE network in Russia for remote monitoring and managing critical processes in difficult geographic and weather conditions.

Together with Polymetal one of the world's largest producers of gold and silver, MTS will deploy Russia's first 5G-ready Private network at the Nezhdaninskoye gold deposit.

With Ericsson Dedicated Networks solution, which complies with the 3GPP standards and includes a full-fledged carrier-grade network core, MTS and Polymetal will be enabled to use all the carrier grade packet network functions for own mission-critical applications.

The solution supports 4G and 5G Non-Standalone simultaneously and allows dual-mode core capability to support 5G New Radio Standalone.

The deployment of the Private LTE network as a single high-speed platform for various technological needs will enable MTS to significantly increase the speed of transferring large amounts of information, the fault tolerance of the private network and also reduce its maintenance cost. This will be of particular benefit when dealing with the harsh climatic conditions and constantly changing mountainous terrain.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2020 230 B 27 634 M 27 634 M
Net income 2020 15 291 M 1 838 M 1 838 M
Net cash 2020 18 932 M 2 275 M 2 275 M
P/E ratio 2020 21,5x
Yield 2020 1,58%
Capitalization 334 B 39 869 M 40 191 M
EV / Sales 2020 1,37x
EV / Sales 2021 1,30x
Nbr of Employees 99 826
Free-Float 89,2%
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 115,97 SEK
Last Close Price 99,70 SEK
Spread / Highest target 40,8%
Spread / Average Target 16,3%
Spread / Lowest Target -5,72%
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Managers and Directors
NameTitle
Erik Börje Ekholm President, Chief Executive Officer & Director
Ronnie Leten Chairman
Carl Mellander CFO, Senior VP & Head-Group Function Finance
Erik Ekudden Chief Technology Officer & Senior Vice President
Torbjörn Nyman Director
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