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Telecom company Ericsson wins $14 billion project to modernize AT&T

Swedish telecommunications company Ericsson has won a USD 14 billion project to upgrade AT&T's wireless networks.

Ericsson has won a USD 14 billion contract to upgrade AT&T's wireless networks. The Swedish telecommunications company announced Monday that AT&T will be able to select more suppliers for antennas and other parts of its infrastructure in the future thanks to the contract.

Source: bloomberg

Nice news, I'm not in this company yet but I've known about it for a while, I was quite worried about this business but it seems that as Marek writes, it's waking up, what's your opinion about them? 😊

For me, it's a pretty interesting business, and such a dealer can be a great kick-start for the company, so I'll at least be watching the progress more :)

Exactly, as it also has a nice dividend and the P/E is negative, minus 10 but that's not too bad, it could gradually get into the black, I'll start watching it too. :)

The telecoms have woken up quite a bit... And I buried Ericsson in my head a long time ago. 😁 Interesting news.

Oh, my God! :D also for me and thank you!