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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.
| 11 Oct 2006 |
| Ericsson's high-performance broadband named best access technology for 2006 | 10 Oct 2006 |
| Ericsson's high-performance broadband named best access technology for 2006 | 10 Oct 2006 |
| Ericsson to provide multimedia services to TV format company Bringiton and US TV audiences | 10 Oct 2006 |
| Ericsson to supply Telenor with a complete packet core network for mobile high speed data. | 9 Oct 2006 |