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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 2012 |
| ST-Ericsson reports second quarter 2012 financial results | 17 Jul 2012 |
| Increase in the total number of shares and votes in Telefonaktiebolaget LM Ericsson | 29 Jun 2012 |
| Ericsson's Nomination Committee appointed | 27 Jun 2012 |
| Ericsson successfully completes Euro bond tender offer | 15 Jun 2012 |