Friday, 24 November 2017

Fitch lowers Ericsson outlook

By Nick Wood, Total Telecom
Thursday 12 January 17

Swedish kit maker downgraded to negative on concerns over turnaround strategy, market slowdown.

Fitch ratings late on Wednesday downgraded Ericsson's outlook to negative from stable, on concerns about its turnaround strategy amid a slowdown in the market. The Swedish kit maker's financial performance has been hit hard by lower spending on LTE equipment in major developed markets, and economic headwinds in some developing countries…

Fitch ratings late on Wednesday downgraded Ericsson's outlook to negative from stable, on concerns about its turnaround strategy amid a slowdown in the market. The Swedish kit maker's financial performance has been hit hard by lower spending on LTE equipment in major developed markets, and economic headwinds in some developing countries…

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