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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.
| 8 Dec 2017 |
| Ericsson Capital Markets Day 2017 | 8 Nov 2017 |
| Ericsson announces changes to Executive Team | 7 Nov 2017 |
| Ericsson reports third quarter results 2017 | 20 Oct 2017 |
| Ronnie leten proposed as new Chairman of the Board in Ericsson. Kurt Jofs proposed as new member of the Board | 9 Oct 2017 |