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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 signs 3G/UMTS mobile platform agreement for handset development with SAGEM |
| 10 May 2005 |
| Ericsson and ntl trial first ADSL2+ turbo powered broadband in the UK | 10 May 2005 |
| Ericsson to further streamline its CDMA business unit to leverage organizational synergies | 4 May 2005 |
| Ericsson selected as a preferred supplier to BT in 21st Century Network deployment. | 28 Apr 2005 |
| Ericsson wins 3G contract with VIBO Telecom in Taiwan | 22 Apr 2005 |