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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.
| 6 Nov 2006 |
| Ericsson hosts Automatic Device Configuration for DNA Finland | 30 Oct 2006 |
| Ericsson to supply WCDMA/HSPA to Bouygues Telecom in France | 26 Oct 2006 |
| Ericsson awarded first 3G WCDMA contract in Serbia by Telekom Srbija | 25 Oct 2006 |
| Ericsson and T-Mobile boost mobile voice quality through AMR Wideband technology | 24 Oct 2006 |