Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) repurchased 2.65 million Class B shares during May 4-8, 2026, for a total value of SEK 292 million, according to a company statement.

The telecommunications equipment manufacturer bought shares at weighted average prices ranging from SEK 108.33 to SEK 111.37 per share across the five-day period. The largest single-day purchase occurred on May 5, when the company acquired 800,000 shares for SEK 88.7 million.

The repurchases are part of Ericsson's SEK 15 billion share buyback program announced on April 16, 2026. The program runs from April 23, 2026, through March 31, 2027. Goldman Sachs Bank Europe SE executed all transactions on Nasdaq Stockholm on behalf of Ericsson.

Following these repurchases, Ericsson holds 46.8 million treasury shares. The company has a total of 3.37 billion shares outstanding, comprising 261.8 million Class A shares and 3.11 billion Class B shares.

The board intends to propose at the 2027 Annual General Meeting that repurchased shares, excluding those used for share-related incentive programs, be cancelled. The buyback program complies with European Union market abuse regulations and safe harbor provisions.