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Weaker US market hits Ericsson

Published On 27 Jan 2020 08:13 AM


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Highlights

  • Ericsson boosted by the roll-out of 5G
  • New technology helped sales but increased costs

 

On Friday, Sweden’s Ericsson warned it faced higher costs this year sending its shares 7% lower. It was as it rolls out new 5G networks. It was also hit by a temporary slowdown in its U.S. market.  

Particularly in the United States, Ericsson....


Tags : Company Results and Outlook ,
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