Ericsson (ERIC) Boosts R&D Capabilities With Key Funding

Ericsson (ERIC) recently secured two funding agreements with the European Investment Bank (EIB), totaling EUR 420 million, with an initial disbursement of EUR 250 million in December 2023. This strategic move is aimed at fortifying Ericsson's financial position and enhancing its research and development (R&D) initiatives in advanced wireless technology.The funds are designated to support Ericsson's R&D endeavors from 2023 to 2025 and will play a pivotal role in its commitment to achieving a Net Zero target ...