Posted inSweden

Sweden’s Ericsson posts strong Q4, issues warning

Swedish telecom equipment firm Ericsson Inc. has reported forecast-beating fourth-quarter net profit, but warned analysts that a pending decision by its government regulators to ban Huawei 5G technology could result in retaliation against its Chinese businesses. The company reported fourth-quarter net profit attributable to shareholders of 7.52 billion Swedish kronor ($900 million) compared with SEK4.43 […]