Ericsson Announces 1.63 Billion Dollar Share Buyback
Swedish telecoms maker Ericsson has initiated a share buyback program worth 15 billion krona. The initiative begins on April 23 and runs through March 2027.
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LM PAY SPK, the telecommunications equipment manufacturer headquartered in Sweden, has announced the commencement of a significant share buyback program. The initiative is valued at 15 billion Swedish krona, which translates to approximately $1.63 billion based on current exchange rates. This move is part of the company's broader strategy to manage its capital structure and return value to its shareholders.
The period for the buyback begins on April 23, 2026, and will end on March 31, 2027, the company said in a statement.
