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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.
| 7 Mar 2007 |
| Ericsson's nomination committee proposes re-election of all members of the board of directors | 5 Mar 2007 |
| Ericsson announces cash offer to acquire Tandberg Television | 26 Feb 2007 |
| Ericsson finalizes acquisition of Redback Networks | 25 Jan 2007 |
| Ericsson completes cash tender offer for Redback Networks | 24 Jan 2007 |