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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.
| 17 Mar 2020 |
| Ericsson Annual Report 2019 published | 3 Mar 2020 |
| Invitation to Ericsson’s Annual General Meeting 2020 | 21 Feb 2020 |
| Ericsson reports fourth quarter and full-year results 2019 | 24 Jan 2020 |
| Ericsson reaches resolution on U.S. FCPA investigations | 7 Dec 2019 |