China and Russia Shore up Ericsson

Ericsson said its sales rose 4% year-on-year on an organic basis in the fourth quarter to 67 billion Swedish krona (10.27 billion US dollars). That uplift was driven by strong mobile broadband sales in China and Russia, together with a new IPR agreement with Samsung, Ericsson reported. However, the Stockholm-based group also reported "lower project activity in Japan and North America." source: Ericsson presentation