Ericsson signs two funding agreements with EIB for EUR 420M

Ericsson is announcing that it has signed two agreements for funding with the European Investment Bank, or EIB, for a total of EUR 420M whereof EUR 250M was disbursed in December 2023. In addition to strengthening Ericsson’s balance sheet and financial flexibility, the loans have been granted for the purpose of financing Ericsson’s investments in research and development, or R&D, in relation to enhanced wireless technology between 2023 and 2025. The R&D investments are an important contributor into Ericsson’s overall plan to reach the Net Zero target by 2040 through reduced energy consumption in the mobile networks globally. The loans form an important part of Ericsson’s overall funding strategy, complementing other sources. In December 2023, Ericsson signed a seven-year EUR 100M green funding agreement with the Nordic Investment Bank, or NIB. The loan will finance R&D investments in wireless technology.