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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 Oct 2021 |
| Ericsson awarded reduced market share by China Mobile | 19 Jul 2021 |
| Ericsson reports second quarter results 2021 | 16 Jul 2021 |
| Ericsson updates risk factors for Euro corporate bond prospectus | 24 May 2021 |
| Ericsson and Samsung sign global patent license agreement | 7 May 2021 |