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Ericsson reported a near-tripling of its third-quarter net profit, boosted by a significant one-time gain from the sale of its iconectiv business, even as revenue declined.
Ericsson has finalized the sale of its iconectiv business to Koch Equity Development, completing a divestment aimed at sharpening its focus on its core telecommunications network equipment business.
Ericsson swung to a second-quarter profit as cost-cutting measures boosted margins, even as the Swedish telecommunications-equipment maker's revenue declined.
| 11 Dec 2020 |
| Correction of date for Ericsson’s fourth quarter report 2020 | 20 Nov 2020 |
| Ericsson Capital Markets Day 2020 | 9 Nov 2020 |
| Ericsson reports third quarter results 2020 | 21 Oct 2020 |
| Ericsson accelerates 5G for Enterprise with acquisition of Cradlepoint | 18 Sept 2020 |