Euronews: Ericsson warns of the consequences of the recession

Ericsson, the world’s largest supplier of mobile phone network equipment, announced that the economic downturn is now starting to affect the market for mobile telephone operators who have begun to reduce costs.

This statement was its influence, despite the sharp rise in profit in the second quarter.
So far, the company was largely intact by the economic downturn, protected by solid sales in China and the strength of its business services.

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Euronews
Finance

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