Saturday, 24 June 2017

Ericsson doubles savings target as Q2 revenue falls

By Nick Wood, Total Telecom
Tuesday 19 July 16

Swedish kit maker expects no improvement in market trends in second half of 2016.

Ericsson on Tuesday doubled its cost-cutting target as second-quarter sales fell on economic weakness in some markets and lower spending on mobile broadband networks in others. The Swedish kit maker had previously targeted reducing costs by 9 billion kronor (€949.5 million) per year by 2017…

Ericsson on Tuesday doubled its cost-cutting target as second-quarter sales fell on economic weakness in some markets and lower spending on mobile broadband networks in others. The Swedish kit maker had previously targeted reducing costs by 9 billion kronor (€949.5 million) per year by 2017…

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