Tags » Hans Vestberg

Ericsson Cutting Costs Further to Soothe Investor Fears

Mobile telecoms gear maker Ericsson said it would cut costs further to match slower network spending in Europe and Latin America after quarterly profit and sales missed expectations, sending its shares plunging more than 14%. 500 more words

Tech

One Day after Cisco Deal, Ericsson's Shares Tumble

A day after announcing a big partnership with Cisco, Ericsson’s shares dropped 6.3% on Tuesday after the company lowered its financial guidance.

Ericsson, which specializes in gear and services for managing mobile networks, said that it expects an annual growth rate of 2% to 4% from 2014 to 2018. 185 more words

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ERICSSON PROFITS

Ericsson, the Swedish telecommunications equipment maker, has announced that it earned 6.695 million kronor (710 million euros) to September, 4% less than in the same period last year. 181 more words