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Ericsson Feels US Capex Squeeze in Q4

2015-01-27 13:29:03| Appliances - Topix.net

Ericsson's global scale helped it cushion the blow of an ongoing capex squeeze in North America, its largest geographic market by sales, in the fourth quarter and full year 2014. While US operators spent less on their networks -- focusing investments instead on bidding for additional spectrum and participating in industry consolidation -- mobile broadband investments in much of Europe, the Middle East and pockets of Asia-Pacific helped Ericsson AB report revenues for the fourth quarter and full year that were roughly in line with a year earlier.

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