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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.
| Ericsson awarded additional UMTS network expansion contract from Cingular Wireless for delivery of mobile broadband services |
| 16 Feb 2006 |
| Ericsson to supply HSDPA to members of mobilkom austria group, enhancing mobile broadband | 16 Feb 2006 |
| Ericsson and Telenor to test convergent and seamless IMS Services | 15 Feb 2006 |
| Ericsson to license its EDGE/WDCMA platform U275 to Sagem Communication | 15 Feb 2006 |
| Ericsson Mobile Softswitch selected by Sun Cellular | 14 Feb 2006 |