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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.
| 3 Dec 2007 |
| Hans Vestberg appointed CFO of Ericsson | 25 Oct 2007 |
| Ericsson reports changed business mix and lower income | 25 Oct 2007 |
| Lower than expected result for Ericsson in third quarter 2007 | 16 Oct 2007 |
| Continuing strong momentum at Sony Ericsson | 11 Oct 2007 |