Thursday, October 11, 2012

European Investment Bank Loans EUR 500 Million to Ericsson R&D

The European Investment Bank (EIB) will loan EUR 500 million to Ericsson to support its R&D efforts for the next generation of mobile broadband technology.  The load is designated for research sites in Sweden and Finland.

Ericsson noted that it invested SEK 32.6 billion in R&D in 2011, including restructuring charges.