Ericsson says uncertainty in networks business to persist into 2024

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Bruce Cockburn: 50 years of music, spirituality and social justice | SaltWireSTOCKHOLM - Ericsson on Tuesday said it expected the uncertainty impacting its mobile networks business to persist into 2024, after reporting a fall in third-quarter revenue as demand for 5G equipment fell in North America.

The company, which pre-announced its results last week and took a $2.9 billion impairment charge over its Vonage acquisition, said it expects current quarter results to be similar to the third quarter.

 

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