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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.
| 19 Jan 2005 |
| Sony Ericsson reports sustained growth in sales and profits | 18 Jan 2005 |
| Ericsson and Pannon GSM sign UMTS contract in Hungary | 18 Jan 2005 |
| Ericsson selected to supply T-Mobile's new GSM network in Germany | 17 Jan 2005 |
| Ericsson selected as sole supplier of broadband access by Matáv in Hungary | 13 Jan 2005 |