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.
Tuesday, July 18, 2017
Ericsson Struggles with Lack of Demand
Ericsson reported a year-on-year 13% decline in sales to 49.9 billion Swedish krona (6 billion US dollars) on a comparable basis for the second quarter. Börje Ekholm, CEO of Ericsson, said: "Our current view of the Radio Access Network (RAN) equipment market outlook is in line with external estimates of a high single-digit percentage decline for the full year 2017." source: Ericsson statement