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Ericsson (NASDAQ: ERIC) announced that it has signed two financing agreements. european investment bank (EIB) Total 420 million euros the 250 million euros paid in December 2023.
In addition to strengthening Ericsson’s The loan is being taken for financing purposes considering the balance sheet and financial flexibility. Ericsson’s Research and development (R&D) investments related to wireless technology enhancements from 2023 to 2025. R&D investment is Ericsson’s We have an overall plan to reach our net zero goal by 2040 by reducing the energy consumption of mobile networks around the world.
Karl Melander, Ericsson’s The CFO said: “Wireless technology will play a key role in the transition to a low-carbon economy. european investment bank Offers Ericsson It gives us more flexibility and allows us to drive important research and development to make our products more competitive and energy efficient. This will benefit carrier customers as well as other industry sectors in their efforts to create a positive impact. ”
Loans are an important part Ericsson’s An overall funding strategy that complements other funding sources.
in December 2023, Ericsson signed a 7-year contract 100 million euros green finance agreement with nordic investment bank (NIB). The loan will fund research and development investments in wireless technology.
upon November 23, 2023, Ericsson Announcement of successful introduction of green euro denominated currency 500 million 4.5 year bond.Bonds were issued within Ericsson’s A green finance framework based on our Euro Medium Term Bond Program (EMTN).
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