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

📆 17/10/2019 10:50:00
📰 Reuters

⏱ Reading Time:
21 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

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”.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Huawei, Ericsson, and Nokia are shifting to India for 5G manufacturing - Business InsiderEricsson, Huawei, and Nokia plan to manufacture 5G radios in India, producing enough equipment to meet demand in India and export to other countries.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Qualcomm’s 5G fixed wireless access will help telecoms disrupt the home-internet market - Business InsiderQualcomm announced more than 30 manufacturer partners for its 5G fixed wireless access system – enabling telecoms to streamline operational costs.
Source: BusinessInsider - 🏆 729. / 51 Read more »