The Stockholm-based company said that net profit for the July-September period was 5.6 billion kronor ($640 million), compared with a loss of 6.9 billion kronor the previous year. Sales were up 1% at 57.5 billion kronor.
Ericsson CEO Borje Ekholm said the company’s contracts for the next-generation 5G networks in mainland China “have developed according to plan, contributing positively to profits in Q3 and are expected to improve further”.
This story is from the October 24, 2020 edition of Techlife News.
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This story is from the October 24, 2020 edition of Techlife News.
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