Swedish telecoms giant Ericsson announced it has reached two agreements for funding with the European Investment Bank for a total of €420 million ($455 million). The company said €250 million was disbursed in December 2023. The loans are allocated to fund Ericsson’s research and development (R&D) initiatives focused on advancing wireless technology from 2023 to 2025. Ericsson stated that the R&D investments are an important contributor to the company’s overall plan to reach the net zero target by 2040 through reduced energy consumption in the mobile networks globally. In December 2023, Ericsso…