Telefonaktiebolaget LM Ericsson

Ericsson said on Wednesday it had been selected by Britain's BT to provide 5G radio equipment in London, Edinburgh, Belfast, Cardiff and other major UK cities, building on the contract it signed earlier this year for core technology.

European shares slipped on Wednesday as losses in defensive sectors outweighed optimism over encouraging quarterly results from consumer giant Nestle and telecoms equipment maker Ericsson.

* Expects profits from China to improve further (Adds comments from CFO interview, details)

KPN has chosen Sweden's Ericsson to build core elements of its new 5G mobile network following a decision last year not to select China's Huawei, the Dutch telecoms company said on Thursday.

Ericsson has agreed to buy U.S.-based wireless networking company Cradlepoint in a $1.1 billion deal, the Swedish telecoms gear maker said on Friday, as part of plans to expand its 5G-related products for business customers.

A rise in 5G network sales and software revenue helped Ericsson report higher-than-expected quarterly core earnings on Friday, when it said it was sticking to its financial targets for 2020 and 2022.

European shares edged higher on Friday as focus turned to Brussels where European Union leaders are expected to hammer out details of a 750-billion-euro recovery fund, with positive earnings updates from Ericsson, Daimler and other firms also supporting gains.

Sweden's Ericsson reported quarterly core earnings ahead of market estimates on Friday, buoyed by higher margins on the sale of telecom equipment, and said it was keeping its financial targets for 2020 and 2022.

The United States is in talks with Brazil and its local telecommunications companies on funding the acquisition of fifth-generation gear produced by Ericsson and Nokia, U.S. ambassador for Brazil Todd Chapman told Brazilian newspaper Folha de S.Paulo.

Two of Canada's largest telecoms firms on Tuesday teamed with Sweden's Ericsson and Finland's Nokia Oyj to build fifth-generation (5G) telecoms networks, ditching China's Huawei Technologies for the project.

Bell Canada on Tuesday chose Sweden's Ericsson to be its 5G network equipment supplier, while smaller rival Telus Corp picked Ericsson and Finland's Nokia Oyj, with Huawei continuing to face an uncertain future in the country.

Ericsson posted better than expected quarterly earnings on strong demand for 5G network equipment even as the coronavirus wreaked havoc, lifting the Swedish telecoms company's shares 5% in early trade.

Sweden's Investor AB raised its holding in robotics firm ABB, telecom equipment maker Ericsson and commercial kitchen equipment firm Electrolux Professional during the first quarter, it said in its quarterly earnings report on Wednesday.

U.S. interest in buying a stake in Ericsson would be positive for the company, but any deal would have to be at a far higher price level than today's valuation, major Ericsson owner and activist investor Cevian Capital said on Friday.

U.S. Attorney General William Barr said on Thursday the United States and its allies should consider the highly unusual step of taking a "controlling stake" in Finland's Nokia and Sweden's Ericsson to counter China-based Huawei's dominance in next-generation 5G wireless...

Greenland will pick Sweden's Ericsson over China's Huawei for future the rollout of fifth-generation (5G) telecoms network, a spokeswoman for state telecoms operator Tele Greenland said on Thursday.

Sweden's prosecution authority has opened an investigation into possible bribery by employees at mobile telecoms group Ericsson that came to light during a U.S. probe into corruption, daily Dagens Industri wrote on Thursday.

Swedish mobile telecoms company Ericsson has agreed to pay over $1 billion to resolve probes into corruption, including the bribing of government officials, the U.S. Department of Justice said on Friday.

Mobile telecoms gear maker Ericsson has agreed to pay over $1 billion to resolve a foreign corruption probe, the U.S. Department of Justice said in a statement on Friday.