Ericsson Drops the Y

Its new ticker is ERIC.
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Ericsson

(ERIC) - Get Report

will trade under ticker ERIC starting Thursday.

The Stockholm-based wireless infrastructure company said it made the change from the previous ERICY ticker as

Nasdaq

prepares to switch to a four-letter ticker platform. Last year the exchange dropped its requirement that American depositary receipts carry a Y suffix.

Nasdaq told Ericsson the four-letter platform will "enhance the resiliency of the U.S. capital markets by enabling Nasdaq to provide full disaster recovery capabilities for all NYSE- and AMEX-listed securities."

Ericsson has been listed on Nasdaq since 1978.