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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.
| 14 Jul 2005 |
| Invitation to press and analyst conferences for Ericsson's second quarter report 2005 | 6 Jul 2005 |
| Ericsson acquires the Swedish systems integration company Teleca OSS | 4 Jul 2005 |
| Ericsson selected as sole supplier for Finnet's 3G network | 1 Jul 2005 |
| Ericsson and Sun Microsystems collaborate on advanced multitasking Java Technology solution for 3G handsets | 27 Jun 2005 |