Home Sweden Living World Business Sports Entertain

Börje Ekholm

Ericsson faces tough year – wants to reduce costs

Despite the massive loss of 11. 9 billion kronor, Ericsson reports a better result than what stock experts had expected for the second quarter of the year.

Ericsson faces tough year – wants to reduce costs

Ericsson sheds its straitjacket

The American independence observer of Ericsson's rule compliance ends its mandate, writes the telecommunications giant in a press release. The observer's review was initiated in the wake of Ericsson's numerous suspected cases of corruption crimes, which also resulted in multibillion-dollar fines for the US authorities.

Ericsson sheds its straitjacket