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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Thursday, April 23, 2015

North American Slowdown Hits Ericsson


Ericsson reported a 6% year-on-year fall in revenues in the first quarter of 2015 in organic terms to 53.5 billion Swedish krona (6.4 billion US dollars). Networks sales fell 9% held back by slow demand for mobile broadband in North America, while sales in the global services division declined 2%.

Ericsson said: "With current visibility we anticipate the fast pace of 4G deployments in mainland China to continue and the North American mobile broadband business to remain slow in the short term." source: Ericsson presentation

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