Reuters – Ericsson’s Q1 profit hit by weak margins, shares plunge

“Ericsson’s Q1 results are more or less a reflection of the state of the telecoms industry,” said Bengt Nordstrom, head of telecoms consultancy firm Northstream.

“In spite of very strong growth in mobile data traffic all around the world, revenues for infrastructure vendors are not growing and margins are slim.”

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The Local - Surprize weak start to year for Ericsson

Telecoms analyst Bengt Nordström told TT: “This result is actually a pretty good reflection of the situation in the telecommunications industry. It is an industry that is not growing.” Read full article Related
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