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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.
| 18 Jul 2018 |
| Ericsson's Nomination Committee appointed | 26 Apr 2018 |
| Ericsson reports first quarter results 2018 | 20 Apr 2018 |
| Ericsson's Annual General Meeting 2018 | 28 Mar 2018 |
| Ericsson announces changes to Executive Team | 27 Mar 2018 |