Tag: infrastructure market

Ericsson reports worse than expected loss, blames lack of investment

Written by Reuters on July 19, 2017 in News with 0 Comments

STOCKHOLM (Reuters) – Sweden’s Ericsson reported a worse than expected second-quarter loss on Tuesday and lowered its forecast for the mobile infrastructure market, blaming persistent low investment by telecoms companies. Ericsson shares fell more than 11 percent to 54.20 crowns by 1110 GMT, with the figures fuelling concerns that plans by CEO Borje Ekholm, who […]