Saturday, 18 November 2017

Ericsson buoyed by stabilisation in North America

By Mary Lennighan, Total Telecom
Friday 17 July 15

Swedish vendor posts 6% decline in sales in second quarter, analyst warns mobile broadband investment is coming to an end.

Ericsson's share price grew by around 5% on Friday morning as the company presented a set of second-quarter financials that showed signs of stabilisation in North America and the continued impact of 4G network rollouts in China. The Swedish vendor posted sales of 60.67 billion kronor (€6.5 billion) for the three months to the end of June…

Ericsson's share price grew by around 5% on Friday morning as the company presented a set of second-quarter financials that showed signs of stabilisation in North America and the continued impact of 4G network rollouts in China. The Swedish vendor posted sales of 60.67 billion kronor (€6.5 billion) for the three months to the end of June…

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