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.
Friday, October 20, 2017
Ericsson's Sales Slump Slows
Ericsson reported a 3% year-on-year fall in revenues in the third quarter on a like for like basis to 47.8 billion Swedish krona (4.96 billion euros). CEO Börje Ekholm said:"The general market conditions continue to be tough... Sales in North America, adjusted for comparable units, currency and the rescoped managed services contract were stable. We also saw growth returning in several countries as operators are increasing their investments in network capacity. Sales in Mainland China declined as the market is normalizing following a period of significant 4G deployments, representing more than 60% of global 4G volumes in the industry. We have managed to increase our LTE market shares in Mainland China to position Ericsson in 5G." Source: Ericsson presentation