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Home › Ericsson cuts deeper after Q2 loss, lowers market forecast

 

Ericsson cuts deeper after Q2 loss, lowers market forecast

2017-07-18 08:47:00| Telecompaper Headlines

(Telecompaper) Ericsson has decided to further reduce costs beyond its restructuring plan, after reporting another disappointing quarter of losses. CEO Borje Ekholm said the company was not satisfied with its underlying performance in the second quarter and he sees further downside in the market going forward.

Tags: market loss ericsson cuts

Category:Telecommunications

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