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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.
| 13 Feb 2006 |
| Ericsson signs contract to manage and host ONE's music and entertainment portal | 13 Feb 2006 |
| Ericsson and Napster introduce Napster Mobile | 13 Feb 2006 |
| Ericsson introduces new multi-access GSM/WCDMA base station | 13 Feb 2006 |
| MegaMuza - music service hosted by Ericsson for Polish operator Polkomtel SA | 13 Feb 2006 |