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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.
| 9 May 2017 |
| Ericsson resolves on an acquisition offer for C shares for LTV 2017 | 3 May 2017 |
| Ericsson reports first quarter results 2017 | 25 Apr 2017 |
| Ericsson's Annual General Meeting 2017 | 29 Mar 2017 |
| Ericsson presents focused business strategy | 28 Mar 2017 |