Ericsson has signed two 7-year loans with the European Investment Bank (EIB) for a total of EUR 420 million. The first EUR 250 million was disbursed in December 2023.
Ericsson said it will use the financing for research and development (R&D) in relation to enhanced wireless technology between 2023 and 2025.
Carl Mellander, Ericsson’s CFO, says: “Wireless technology will play a key role in transitioning towards a low-carbon economy. The signing of the funding agreements with the European Investment Bank provides Ericsson with increased flexibility to drive critical research and development into making our own products more competitive and energy efficient. This will benefit our operator customers as well as other industrial sectors in their efforts to create a positive impact.”
