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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.
| 24 Jun 2008 |
| Johan Wibergh appointed head of Ericsson's business unit Networks | 5 Jun 2008 |
| Ericsson reports first quarter 2008 results | 25 Apr 2008 |
| Sony Ericsson continues to invest for future growth | 23 Apr 2008 |
| Sony Ericsson sees moderating growth in the first quarter of 2008 | 19 Mar 2008 |