Ericsson Includes Risks From Ban on Chinese 5G Products in Bond Prospectus
May 24 2021 - 3:13AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Ericsson AB said Monday that it has updated the risk
factors in the prospectus for its proposed 500 million euro ($609
million) unsecured 8-year bond issue to include geopolitical and
trade uncertainty.
Ericsson has previously cautioned that the decision by Sweden's
Post and Telecommunication Authority to exclude Chinese vendors'
products from the 5G auction in Sweden may adversely impact the
economic interests of Sweden and Swedish industry, including those
of Ericsson.
This risk has now been included in Ericsson's euro medium-term
note prospectus.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
May 24, 2021 03:05 ET (07:05 GMT)
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