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Ericsson third-quarter tops forecast as strong 5G market boosts earnings

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Telecoms equipment maker Ericsson reported quarterly core earnings well ahead of...

FILE PHOTO: The Ericsson logo is seen at the Ericsson's headquarters in Stockholm, Sweden June 14, 2018. REUTERS/Olof Swahnberg/File Photo

The Swedish company, which together with Nokia and Huawei sells the bulk of the radio access network equipment that is key for next generation 5G mobile services, said it was now targeting sales of 230-240 billion crowns in 2020, up from 210-220 billion previously. leadership, including 5G,” Ericsson Chief Executive Borje Ekholm said in a statement. “5G is taking off earlier than anticipated”.

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