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
Labels: More mobile equipment
WHERE WE'RE HEADED: TELECOMS TRENDS AROUND THE WORLD: SUBSCRIBE HERE