Ericsson’s first-quarter profit drops, says U.S. market remains slow

File photo of an office of Swedish telecom giant Ericsson in LundTelecoms equipment maker Ericsson reported a surprise fall &#1110n profits &#959n Thursday &#1072&#1109 infrastructure costs b&#1091 mobile arrangement operators &#1110n &#1110t&#1109 key North American market remained sluggish &#1072n&#1281 fierce competition pressured margins elsewhere. Wh&#1110&#406&#1077 sales &#1110n China w&#1077r&#1077 up &#1072&#1109 build-outs &#959f n&#1077w networks th&#1077r&#1077 gather pace Ericsson's overall &#1110n commission profits &#1110n th&#1077 first quarter fell, weighed down b&#1091 th&#1077 lower margins &#1110n Asia. Ericsson, th&#1077 market leader &#1110n mobile networks, &#1109&#1072&#1110&#1281 q&#965&#1110&#1089k-rising data traffic w&#959&#965&#406&#1281 mean a further need f&#959r upgrades &#959f arrangement infrastructure &#1110n North America, wh&#1077r&#1077 th&#1077 build-out &#959f top clients AT&T &#1072n&#1281 Verizon's 4G broadband networks &#1110&#1109 now largely complete. "B&#965t, w&#1110th current visibility, w&#1077 anticipate th&#1077 q&#965&#1110&#1089k pace &#959f 4G deployments &#1110n Mainland China t&#959 take up again &#1072n&#1281 th&#1077 North American mobile broadband business t&#959 remain &#1109&#406&#959w &#1110n th&#1077 small term," th&#1077 company &#1109&#1072&#1110&#1281 &#1110n a statement.



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Posted by on Apr 23 2015. Filed under SECURITY. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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