Ericsson (ERIC) has signed a €500M ($645M) loan agreement with the European Investment Bank...

|By:, SA News Editor

Ericsson (ERIC) has signed a €500M ($645M) loan agreement with the European Investment Bank featuring a disbursement option that lasts until April 2014. The loan, which matures 7 years after disbursement, is meant to further Ericsson's next-gen mobile broadband R&D. Ericsson's healthy investments in 4G LTE R&D have helped bolster the company's leading mobile infrastructure position.