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Ericsson maintains dividend after FY loss, to sell part of media division
2018-01-31 07:35:00| Telecompaper Headlines
(Telecompaper) Ericsson saw its net loss swell to SEK 35 billion in 2017 as the company wrote down assets and took charges for widescale lay-offs and restructuring. However, the company maintained its annual dividend at SEK 1 per share and said it expects a smaller contraction in the network equipment market this year as it benefits from cost reductions. It also agreed to sell part of its media business.
Tags: part
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Category:Telecommunications
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