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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.
| 25 Jun 2009 |
| Ericsson to acquire Elcoteq's operations in Tallinn to secure manufacturing capacity in Estonia | 17 Jun 2009 |
| Ericsson refinances part of its debt with a EUR bond issue | 15 Jun 2009 |
| Ericsson refinances part of its debt with a bilateral loan | 12 Jun 2009 |
| Increase in the total number of shares in Telefonaktiebolaget LM Ericsson | 29 May 2009 |