Telecom provider Ericsson's CEO Börje Ekholm did not buy any shares in the company when his 2 million call options became profitable to use in connection with the price increase after the report, writes Dagens industri.

The newspaper writes that instead of buying shares at a discount, Ekholm chose to receive the difference between the exercise price of the options and the current share price in cash. He thus received SEK 4.9 million and made a profit of SEK 3.9 million.

Ericsson does not comment on the reason why Ekholm did not buy shares other than that "Börje Ekholm has a significant shareholding in Ericsson as stated on our website".

According to the shareholder service Holdings, Börje Ekholm owns shares in Ericsson for around SEK 157 million.