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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.
| 21 Oct 2016 |
| Ericsson announces preliminary Q3, 2016 earnings | 12 Oct 2016 |
| Ericsson announces change in Executive leadership team | 30 Sept 2016 |
| Ericsson's Vestberg steps down - search for new CEO initiated | 25 Jul 2016 |
| Ericsson reports second quarter results 2016 | 19 Jul 2016 |