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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.
| 22 Oct 2009 |
| ST-Ericsson reports third quarter 2009 financial results | 20 Oct 2009 |
| Sony Ericsson reports third quarter results | 16 Oct 2009 |
| ST-Ericsson Board of Directors appoints wireless expert Gilles Delfassy as President and CEO | 2 Sept 2009 |
| Ericsson's Bert Nordberg appointed President of Sony Ericsson | 17 Aug 2009 |