Intense Competition in Telecom Equipment Market: Competition from rivals like Nokia, Huawei, and Samsung could erode market share, pressure pricing, and reduce profitability, especially in key product areas like radio access networks (RAN).

Geopolitical Tensions and Trade Restrictions: Political pressures, trade wars, and national security concerns can impact market access, supply chains, and sales volumes, particularly affecting business in critical markets and relationships with global customers.

Supply Chain Vulnerabilities and Disruptions: Reliance on a complex global supply chain makes Ericsson susceptible to disruptions from pandemics, natural disasters, geopolitical events, or component shortages, affecting production and timely delivery of equipment.