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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.
| 25 Nov 2005 |
| Ericsson acquires Australian systems integration company TUSC | 24 Nov 2005 |
| Ericsson signs two new GSM/EDGE contracts with Digicel Group in the Caribbean | 23 Nov 2005 |
| Ericsson's hosted push e-mail solution chosen by Sun Cellular | 18 Nov 2005 |
| Ericsson partners with UNDP to promote communication for all | 16 Nov 2005 |