Companies news of 2018-03-05 (page 1)

Millicom's TigoUne Recognized in Colombia's List of Anticorruption Active Companies

LUXEMBOURG, March 5, 2018 /PRNewswire/ -- Millicom announced today that its Colombian subsidiary TigoUne has been recognized as the first telecommunications company in the list of Anticorruption Active Companies (Empresas Activas Anticorrupcion) in Colombia. The recognition is a testament to Millicom's focus on ensuring the highest ethical standards in the way it does business across all its operations.†

  • TigoUne joins the list of Anticorruption Active Companies after being assessed by The Secretariat of Transparency of the President's Office.
  • It is one of 18 companies who received this recognition for their continuous work on implementing best practices in preventing and mitigating corruption risks.
  • This is the first time that a telecommunications operator joins the prestigious list.

All companies participated in the assessment voluntarily and were evaluated in several categories. TigoUne excelled in the areas of corruption risk assessment; reporting and complaint channels; anti-corruption policies in relation to third party business dealings; and organization and role of its compliance program.

"We are very proud to become part of this list. Transparency and strong anti-corruption practices are fundamental to TigoUne, and the inclusion in the list is a recognition of the company's zero tolerance towards corruption and unethical behaviour", said Marcelo Cataldo, President of TigoUne.

TigoUne's efforts which led to this important recognition are aligned with Millicom's commitment to doing business the right way. 2017 was a key year for Millicom's Compliance and Anti-Corruption program, as it updated all Compliance policies and its Code of Conduct, launched new training for employees and suppliers, as well as internal campaigns to further strengthen a culture of ethics and compliance within the organization.


For further information, please contact


Vivian Kobeh, Corporate Communications Director

+1 305 476 7352 / +1 305 302 2858


Michel Morin, VP Investor Relations+352 277 59094

Mauricio Pinzon, Investor Relations Manager

Tel: +44 20 3249 2460

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Millicom‚??s TigoUne recognized in Colombia‚??s list of Anticorruption Active Companies

Cision To Hold Earnings Conference Call on March 8, 2018 with Release of Fourth Quarter and Full Year Financial Results for Fiscal 2017

CHICAGO, March 5, 2018 /PRNewswire/ --†Cision Ltd. (NYSE: CISN), a leading global provider of software and services to public relations and marketing communications professionals, will release its fourth quarter and full year financial results for fiscal year 2017 on Thursday, March 8th, shortly after the market close.

Cision logo.

In conjunction with the earnings release, investors will have the opportunity to listen to Cision senior management review its fourth quarter and full year results of fiscal year 2017 via conference call on Thursday, March 8th at 5:00 pm EDT. To hear the live event, visit the Cision investor website at, or by dialing 1-877-870-4263 (participant dial in toll free) or 1-412-317-0790 (participant dial in International). For those accessing the call via Cision's investor website, we suggest logging in at least 15 minutes prior to the start of the live event. For those dialing in, participants should ask to be joined into the Cision Ltd. earnings call. A replay of the earnings webcast will be available approximately two hours after the conclusion of the live event on March 8th. To access the webcast recording / conference replay, visit or you can dial 1-877-344-7529 (US), 1-412-317-0088 (International), or 1-855-669-9658 (Canada). The replay access code for the earnings call is 10117805. The replay will be available through March 22, 2018.

About Cision
Cision Ltd. (NYSE: CISN) is a leading global provider of earned media software and services to public relations and marketing communications professionals. Cision's software allows users to identify key influencers, craft and distribute strategic content, and measure meaningful impact. Cision has over 3,000 employees with offices in 15 countries throughout the Americas, EMEA, and APAC. For more information about its award-winning products and services, including the Cision Communications Cloudģ, visit and follow Cision on Twitter @Cision.

Investor Contact:
Jack Pearlstein
Chief Financial Officer

Media Contact:
Nick Bell
Vice President, Marketing Communications and Content


SKF Annual Report 2017 Published

GOTHENBURG, Sweden, March 5, 2018 /PRNewswire/ --

AB SKF has now published its Annual Report 2017. The report focuses on how SKF creates value for customers, investors and other stakeholders and includes comprehensive financial and sustainability disclosures.

Alrik Danielson, President and CEO, says: "2017 was a good year for SKF, with strong demand in all main markets. During the year, we improved our profitability, delivered a solid cash flow and reduced our net debt. We launched many new innovations and increased our investments in automation and in research and development. We are well positioned for the future."

The SKF Annual Report 2017 is available at

Aktiebolaget SKF
† † †(publ)

For further information, please contact:
Theo Kjellberg,
Press Relations
tel: +46-31-337-6576,
mobile: +46-725-776576,

Investor Relations:
Patrik Stenberg,
Head of Investor Relations
+46-31-337-2104; +46-705-472-104

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HashChain Technology Cryptocurrency Accounting Software Globally Available

VANCOUVER, British Columbia, March 5, 2018 /PRNewswire/ --

HashChain Technology Inc.†("HashChain" or the "Company")†(TSXV: KASH) (OTCQB: HSSHF), who†acquired†the assets of NODE40, LLC on January 30, 2018, today announced their blockchain accounting software,†NODE40 Balance, is expanding its services to meet the needs of global cryptocurrency investors as many countries tighten their tax laws around cryptocurrency transactions.†NODE40 Balance†is available to cryptocurrency users around the globe.

Node40 Balance†is a Software-as-a-Service (SAAS) that helps cryptocurrency users to meet tax requirements in their respective countries by analyzing the blockchain to retroactively report capital gains and losses for Bitcoin, Bitcoin Cash, Ethereum, Litecoin and DASH. A user uploads their transactions on the Coinbase exchange, a wallet or a cryptocurrency blockchain, and†Balance†calculates exact values of each transaction, tracks the cost basis and days carried. Once the gains and losses have been located,†Balance†automatically inputs the information on a worksheet that can be shared with a CPA to file taxes in a traditional manner.

"Globally, cryptocurrency users are beginning to feel pressure to report their taxes, but many of them have not been keeping up with past gains and losses and are uncertain of how to appropriately file them," says Patrick Gray, CEO of HashChain. "NODE40 Balance†is one of the only solutions that simply and accurately delves into a cryptocurrency user's transaction history and pulls that information."

On February 23, 2018, Coinbase, the largest global cryptocurrency exchange platform in the world with over 13 million users and†funding from the New York Stock Exchange, Bank of Tokyo, Draper-Fisher-Jurvetson, Institutional Venture Partners and Andreesen Horowitz (Source: CoinDesk and Coinbase), formally notified their customers they were required to report 14,000 individual's user data to the Internal Revenue Service (IRS) for tax-related purposes.† A California federal court†ordered†Coinbase to turn over identifying records for all users who bought, sold, sent, or received more than $20,000 through their accounts in a single year between 2013 and 2015 (Source: Fortune). The United States is only one of many countries imposing stricter guidelines around taxing cryptocurrency.

The steps to use the software are as follows:

  1. Cryptocurrency users select the ledger type they wish to create, including an exchange, wallet, or specific cryptocurrency blockchain.
  2. Upload their exchanges to the software and authorize read access to their transaction history.
  3. Balance†provides both a high level and detailed summary of the transaction history, including date, time, transaction type, short-term or long-term gains, and the price differential between the transaction.
  4. After the user identifies transactions that might be exempt, like inbound ones,†Balance†transfers this information into a worksheet that closely resembles a traditional tax form.

"The growth of the cryptocurrency market has fundamentally changed the way we will forever think of money and has also disrupted the current regulatory environment in which we operate," says Perry Woodin, Chief Strategy Officer of HashChain Technology and co-founder of NODE40. "In the absence of precise regulations, it's important for cryptocurrency users to be as clear and accurate as possible about filing gains and losses during this transition.†NODE40 Balance†is a solution that will continuously mature and update its reporting as each country employs new rules and regulation around cryptocurrency."

For more information, or to create an account on†Node40 Balance,†visit:†

About HashChain Technology Inc.

HashChain is a blockchain company, and the first publicly traded (TSXV:KASH: OTCQB: HSSHF) Canadian cryptocurrency mining company to file a final prospectus supporting highly scalable and flexible mining operations across all major cryptocurrencies. HashChain taps low-cost North American power, cool climate and high-speed Internet: the trifecta most critical to mining success, to create a competitive position for maximizing the number of mining 'wins.' HashChain currently operates 100 DASH mining Rigs, have received 770 Bitcoin Rigs, and has purchased an additional 3,000 Rigs. Once all Rigs are operational HashChain will be consuming approximately 5.8 megawatts of power. †HashChain also acquired a DASH Masternode for approximately USD $280,000 which requires a collateral investment of 1,000 DASH coins.† Diversifying their business strategy beyond crypto mining, the company recently acquired NODE40, a blockchain technology company that developed NODE40†Balance, a new SaaS product making cryptocurrency tax reporting simpler and more accurate. The solution allows cryptocurrency users and traders to accurately report their capital gains and losses. NODE40 is also one of the leading masternode server-hosting providers for the DASH network and is seeking additional alternate coin masternode hosting.

HashChain Mining is a wholly owned subsidiary of HashChain Technology Inc. based out of Albany, New York, with offices in Vancouver, British Columbia and Geneva, Switzerland.

On Behalf of the Board,
Patrick Gray
CEO & Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release, including statements regarding the performance of the Company's current and ordered Rigs, and expectations regarding future operations may constitute forward-looking statements. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, the 3,000 Rigs will be successfully delivered, and the 3,000 Rigs will perform as expected by management. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors may include, among others, the risk that the 3,000 Rigs will not be successfully delivered to the Company when expected by management or at all, and the risk that the Company's current and ordered Rigs will not perform as expected by management.† Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. †

For Further information please contact:
HashChain Technology Inc.
Larry Heinzlmeir
Vice President, Marketing & Communications

Frontier Services Group - Strategy Update & Capital Raise

HONG KONG, March 5, 2018 /PRNewswire/ --

Frontier Services Group (FSG, Company or Group), the leading service provider of integrated security, insurance and logistics solutions for companies operating in frontier markets, today provides an update on its strategy and announces a significant capital raise and expansion of its shareholders base.


  • Total new money to be raised: HK$832 million (US$ 107 million)
  • CITIC increasing its shareholding from 15.84% to 28.4%
  • China Taiping joining the shareholder register with 7.48%
  • Company positioned optimally to become the leading integrated security, logistics and insurance service provider in the market, active in 20 countries across the globe
  • Funds will be utilized to expand global office footprint, expand teams, grow asset base and support operational working capital requirements for projects across the Belt & Road.

Strategy Update

Since FSG's inception in 2014, the firm has been active in supporting companies operating in frontier markets overcome complex security and logistics challenges. In 2016, FSG clearly defined its strategy as integrated security, logistics and insurance service solutions and aligned with the Belt & Road initiative. Moreover, the Group has identified security as a critical service offering for companies supporting the Belt & Road initiative to guarantee the safety of their staff and success of their projects. Over the past 12 months, FSG has expanded significantly its global footprint of offices in key markets, portfolio of security licenses, world-class training facilities and built a team of first-class multinational, multilingual security professionals.

The Group proudly announces today, subject to Shareholder approval, the increased investment from CITIC Group and the addition of China Taiping and Trinity Gate as shareholders. The proposed investment from these prestigious firms is a testament to the business model, global footprint, strategy and team that FSG has built over the past several years. It is also an acknowledgement of the strategic importance that FSG will play in helping to overcome the complex and unique challenges of the Belt & Road initiative.


With the proceeds from the proposed capital raise, the Company intends to strengthen its security capabilities by establishing training facilities for security personnel, adding new security licenses, expanding its international team, and purchasing equipment and vehicles to support operations.

In 2017, the group invested in the International Security and Defense College (ISDC) in Beijing, China. ISDC provides the group with one of China's most complete security training platforms, training FSG staff to international standards as well as preparing clients before they head abroad. In addition, the Group has established regional offices to support its business in Asia, Middle East and Africa with centralized management and governance from its Global Security Center in Dubai.

FSG is positioned to become the leading provider of international standard security services using multi-national, multi-lingual professionals working together across projects in each of its target markets. The group will continue to expand its portfolio of security licenses as well as procuring the vehicles and equipment necessary to support operations.


The Group's logistics business, which began in 2013, has expanded from Africa into the Middle East and Asia in order to align itself with and capture the wide opportunities of China's Belt and Road initiative. Proceeds from the capital raise will help to grow its global footprint, procure additional assets, expand the team of global logistics professionals and support working capital for operations. The Company expects to grow its clientele throughout Africa, Asia and Middle East regions supporting them through a footprint of local offices and coordination from its Global Logistics Centre in Shanghai, China. With senior logistics professionals managing global large-scale programs, the Group is able to provide an international client base with end-to-end, worldwide secure logistics solutions. These secure logistics solutions integrate security and insurance services to meet the requirements of frontier markets and guarantee that goods arrive on time and without financial impact to the project. †

The Group maintains a fleet of over 20 aircrafts with aviation platforms in Europe, Africa and Central Asia. Being able to move personnel and materiel, combined with security and insurance services gives FSG a clear advantage in frontier markets. Whether it is medevac, mass evacuation or simply rotating crews to a worksite, FSG is able to offer a total integrated project solution. With an emphasis on 'last mile' logistics, the Group is uniquely positioned in the market with local expertise from an office footprint that includes 20 strategic markets around the globe. Across air, land and sea, FSG is able to provide secure transportation of personnel, equipment and products across the Belt & Road.


With the proceeds from the capital raise, FSG will look to expand its team of international insurance professionals and integrate them into key regional offices in target markets. The Group's insurance division will complement its security and logistics services as part of a complete, integrated risk management solution. Insurance by itself helps with the impact of eventualities but mitigating risks is an essential part of risk management. The risks and challenges of frontier markets have unique challenges with no off-the-shelf solutions.

FSG looks to approach projects as a whole, assessing risk and creating a risk management solution that integrates design, training, physical and technical measures and transportation combined with insurance. With strategic partnerships with leading Chinese domestic and international insurers, the Group's insurance team develops unique and innovative insurance services. Leveraging the Group's full-spectrum capabilities in security, logistics, and insurance services into a complete risk management solution is a new and innovative approach to the traditional, reactive practice of companies operating in frontier markets. The Group benefits from having local teams able to meet with clients face to face, understand their needs and create customized service solutions while being able to access the global insurance market. This truly differentiates FSG amongst other service providers. The addition of China Taiping Insurance, will only strengthen the Group's capabilities and ability to offer unique insurance service solutions to its clients.

The transaction is still subject to shareholder approval which shall be decided at a Shareholders General Meeting (SGM) at a date to be determined.

The full announcement posted to the Hong Kong Stock Exchange can be found here:

About Frontier Services Group

Frontier Services Group Limited ("FSG") (SEHK: 00500) is a publicly listed company on the Hong Kong Stock Exchange with its headquarters in Hong Kong, business center in Beijing and offices in Shanghai, Dubai, Nairobi and Johannesburg. FSG supports businesses operating in frontier markets overcome complex security, logistics and operational challenges. From Asia to Africa, FSG helps transport and protect your people, goods and equipment across air, sea and ground.

Media enquiries:
International media - contact
Marc Cohen or Aaron Bass at PRO:
T: + 44-7741-052-506/+44-7867-339-875

Electrolux Connected Steam Oven With Built-in Camera Makes its Market Debut

STOCKHOLM, March 5, 2018 /PRNewswire/ -- Electrolux is launching a connected steam oven with an integrated camera, lifting the cooking experience to a new level. Sweden and Norway are the first markets where the product is made available to consumers.

The new steam oven, CombiSteam Pro Smart, is equipped with an integrated camera that provides a live feed directly from the oven to a mobile device (iOS or Android). Through the mobile application and WiFi access, the camera gives consumers an overview of the food in the oven, even when not in the kitchen. With the Electrolux app that provides hundreds of professional recipes, consumers can send the recipe directly from their mobile device to the oven. They can remotely control the cooking process by changing the time duration or temperature. The steam oven also leverages Electrolux professional expertise, including a function for cooking sous vide.

Electrolux is launching the new steam oven in March 2018 in Sweden and Norway under the Electrolux brand. It's the latest example of how Electrolux is investing in connected appliances that enhance the experience for consumers and create new business opportunities.


For further information, please contact Electrolux Press Hotline, +46-8-657-65-07.

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Darren Roos Appointed as CEO of IFS

LINK÷PING, Sweden, March 5, 2018 /PRNewswire/ -- IFS, the global enterprise applications company, today announces it has hired Darren Roos as the Chief Executive Officer of IFS. The appointment is effective 1 April 2018 and aligns with the retirement of Alastair Sorbie at the end of Q1 2018.

Roos is a proven enterprise software leader, with a track-record for establishing and scaling global software businesses. Most recently Roos was President of SAP's Cloud ERP business, and prior to that, significantly grew Software AG's international operations, which enabled the company to triple in size during his tenure.

Darren Roos, CEO of IFS, said: "I am excited and privileged to lead IFS in this next chapter. IFS is an incredible business! The combination of its strong ERP heritage, leadership in EAM and FSM, and exemplary customer satisfaction gives it the perfect platform to play a dominant role in the enterprise software industry. I plan to bring my experience and skills specifically around scaling companies, building cloud businesses, and establishing high-performing teams to enable IFS to continue to flourish." He added: "I'm looking forward to meeting and engaging with the 3,500 women and men who have built this business and the 10,000 customers and partners who make it great."

Per Franzťn, partner at EQT (the owner of IFS), commented: "Darren's experience, knowledge, and proven track record of building successful businesses in the markets where IFS operates make him a great choice as CEO. The appointment of Darren comes at a time when IFS has a real opportunity to generate further momentum in the sector and extend its leadership position. This is good news for customers, partners and of course employees." He continued: "We thank Alastair for his commitment to the company and we are grateful to him for establishing IFS as the successful business it is today. We also look forward to continue working with Alastair as part of the EQT industrial network."

Commenting on his retirement, Alastair Sorbie said: "I am proud to have built IFS into a global organization during my 12 years as CEO. I would like to thank the many colleagues who have been part of this journey ? they have helped sustain a culture that enables IFS to attract and retain talented employees and industry-leading customers. I wish them, Darren, and whole of the IFS community, the very best for the future."

For more information about Darren Roos, please visit:


Oliver Pilgerstorfer,
IFS Vice President of Strategic Marketing and Communications.
Phone: +44-1494-428900,

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Infosys Research: Digital Disruption is Steering Enterprises From Core Modernization to Delivering Customer Delight

BENGALURU, India, March 5, 2018 /PRNewswire/ --

Digital disruptions accelerate improvements in business processes, elevation in customer satisfaction, and increase in revenue and business growth

Infosys†(NYSE: INFY), a global leader in consulting, technology, and next-generation services, today released global research that provides insights into how and why organizations are adopting and investing in new digital technologies and strategies. The research report 'How enterprises are steering through digital disruption', was compiled by interviewing 1,000 senior IT and business decision makers in organizations across seven countries.

†††† (Logo: )

Currently, enterprises are using digital technologies across a variety of areas in their core IT management (79 percent), business process management (60 percent) and customer relationship management (62 percent). This establishes digital-ready enterprises as those that are continuously investing in reinventing their businesses from the core including processes and systems, with as much enthusiasm as their customer touchpoints and journeys. The research also found that respondents' organizations are looking to utilize digital technologies (if they haven't already) across knowledge management (33 percent), operational intelligence (31 percent) and product development (28 percent).

Disruptive digital technologies continue to equip enterprises to consume and analyze data to improve business, both by reimagining processes and experiences. 67 percent of organizations that participated in the study are leveraging big data analytics. Over half of these organizations have already made investments in deep learning algorithms of AI.

The research also revealed that customer-centric technology investments are among the top three priorities for all industries except Manufacturing and CPG. Life Sciences leads the way (86 percent investing in technology for patient centricity during clinical trials), followed by Retail (79 percent investing in augmented reality for virtual stores) and Banking (75 percent investing in opti-channel for better customer experience). These technologies are also among the top priorities in Insurance (to encourage insurance buying behavior), Utilities (for omnichannel customer engagement), healthcare (to predict onset of health conditions) and Automotive (for connected cars).

Ravi Kumar S, President and Deputy Chief Operating Officer, Infosys, said, "The digital era presents enterprises with the unprecedented opportunity to reinvent their business from the core by continuously steering towards a more digital future guided by AI-powered insights to target the right opportunities to deeply automate, improve and even reimagine, both processes and experiences. A digital mindset enabled by rapid skill development and talent refactoring is vital to accelerate this transformation."

Key Findings:

The technology trends highlighted below are expected to have most positive impact on the organizations within the next three years.

Cybersecurity:† †

  • Almost 64 percent of respondents' organizations have implemented cybersecurity to improve existing business operations, 53 percent to solve new business problems, whereas just 28 percent implemented cybersecurity to create new opportunities.††
  • 67 percent respondents from the automotive industry use cyber security for improving business, 57 percent to solve new business problems and 33 percent to create new opportunities.
  • 38 percent of the life sciences sector respondents rank cyber security for protection of patient and trial data as the top trend.

The growth of data and its uses:

  • 41 percent respondents in the banking industry believe that data analytics for deep personalization of products is the top trend that will have the most positive impact on their organization within the next three years.
  • The importance of understanding customer behavior is also apparent within the utilities sector with 35 percent of respondents believing that investment in consumer analytics will have a positive impact on business.
  • 52 percent of retail respondents believe that aligning marketing, campaigns and offers program spending with data analytics is a top trend.
  • For 38 percent respondents' organizations in the insurance sector, the use of big data for a 360-degree view of the customer and to increase wallet share is seen as one of the top three trends.

Modernization of processes:

  • This is seen as a key trend within the automotive industry to invest in digital supply chains, with 45 percent respondents ranking it among the top three trends, and 25 percent ranking it first. Of those that see investments in digital supply chain as a key trend, respondents estimate over 16 percent increase, in their organization's global annual revenue as a result of improving this.
  • Almost 39 percent respondents within CPG cite investments in technologies to increase supply chain visibility.
  • Over 43 percent respondents from the healthcare industry believe that improving and modernizing electronic health record (EHR) systems is a top trend.

Automation & collaboration:

  • Digital technologies can be used with insurance products to update risk calculations immediately and provide more accurate underwriting outcomes. This may be a contributing factor for intelligent automation of underwriting being identified (by 38 percent) as a top trend in the insurance sector.
  • Almost 38 percent of respondents in the banking industry believe that open banking APIs can increase collaboration with other industry players and accelerate innovation. Further, 34 percent believe that by collaborating with technology partners, organizations in the banking industry have the potential to provide paperless trade finance to implement solutions using Blockchain and Internet of Things (IoT).

For a full copy of the report, please visit: URL


Infosys commissioned independent market research company Vanson Bourne to undertake research to understand the use of digital technologies and key trends within nine different sectors. From October to December 2017, the quantitative and qualitative subset of the study was carried out, interviewing 1,000 senior IT and business decision makers in organizations that use digital technologies. Respondents were from organizations with 1,000 employees or more and $500 million global annual revenue or higher across verticals such as Automotive, Banking, CPG, Healthcare, Industrial manufacturing, Insurance, Life Sciences, Retail and Utilities.

About Infosys

Infosys is a global leader in technology services and consulting. We enable clients in 45 countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, we help our clients find the right problems to solve, and to solve those effectively.†Our team of 200,000+ innovators, across the globe is differentiated by the imagination, knowledge and experience across industries and technologies that we bring to every project we undertake.

Visit to see how Infosys (NYSE: INFY) can help your enterprise thrive in the digital age.

Safe Harbor

Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2017. These filings are available at† Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.

Ericsson Implements NB-IoT in COSMOTE's Network; Introduces New Use Cases

WASHINGTON, March 5, 2018 /PRNewswire/ --

  • Ericsson has completed the deployment of the first cellular NB-IoT clusters in COSMOTE's 4G network in eleven Greek cities and hotspots
  • COSMOTE and Ericsson build up IoT ecosystem by collaborating with local partner Fuelics and Democritus University of Thrace
  • The solution includes Massive IoT RAN (Radio Access Network), Packet Core IoT slice expansion and IoT functionality verification

Ericsson (NASDAQ: ERIC) has completed the deployment of the first cellular NB-IoT clusters in the COSMOTE 4G network in eleven Greek cities and hotspots, to support emerging mMTC (massive Machine Type Communications) use cases.

Ericsson upgrades part of the COSMOTE LTE network with software that supports NB-IoT technology, enabling massive IoT use cases.

In addition, Ericsson and COSMOTE aim to develop use cases and build the local ecosystem. In collaboration with local partner Fuelics, and using Ericsson IoT Accelerator Platform, the companies designed, tested and introduced a novel NB-IoT use case using COSMOTE's commercial network for asset management ? fuel tank capacity monitoring ? at the Democritus University of Thrace.

George Tsonis, OTE Group Executive Director of Network Planning & Development, says: "COSMOTE, fully recognizing the potential of massive IoT technology, is the first in Greece and one of the firsts in Europe, to trial NB-IoT and evolve its network. We're poised to evolve beyond merely providing mobile broadband connectivity, to play a leading role in the rapidly developing IoT market and create through technology and innovation a better world for all."

George Pappas, Head of Ericsson Greece, says: "NB-IoT will accelerate the development of the IoT market in Greece and open up vast opportunities for innovation and entrepreneurship in many industries, such as transport and healthcare, resulting in new services that will significantly improve quality of life."

Built using 3GPP standards, NB-IoT enables a wide range of devices and services to be wirelessly connected using cellular telecommunications bands. This IoT technology is relatively cost-efficient and brings many other advantages, including low power consumption, extensive coverage, massive connectivity, and a high reliability of transmission. Leveraging on existing LTE footprint, COSMOTE can deploy a wide range of new IoT use cases and services in smart cities, logistics handling, utilities and more.


For media kits, backgrounders and high-resolution photos, please visit


Subscribe to Ericsson press releases here.

News Center
(+46 10†719 69 92)
(+46 10†719 00 00)


Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on NASDAQ New York.

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