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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.
| 8 May 2007 |
| Ericsson reports robust start of the year | 26 Apr 2007 |
| Ericsson changes financial reporting structure | 24 Apr 2007 |
| Ericsson completes the voluntary public cash offer for Tandberg Television | 23 Apr 2007 |
| Sony Ericsson starts 2007 with strong first quarter | 20 Apr 2007 |