Ericsson beats Wall Street predictions

Stefan Mileschin · 22nd October 2020, 08:41

Higher margins and lots of Chinese work

Telecoms equipment supplier Ericsson is doing better than the cocaine nose jobs of Wall Street predicted thanks to higher margins and China’s 5G rollout.

Ericsson said its gross margins reached their best level since 2006 and revenues rose at the Swedish company’s mainstay networks business despite disruptions caused by the COVID-19 pandemic.

The company has now won 112 5G contracts, up from 99 at the end of the second quarter, as more telecoms operators build next-generation networks and US diplomatic pressure pushes out market leader Huawei from more countries.

Relations with China could become more fraught after Swedish authorities shut China’s Huawei and ZTE out of its 5G network, citing security concerns.

https://fudzilla.com/news/network/51...et-predictions

22nd October 2020, 08:41	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,797	Ericsson beats Wall Street predictions Higher margins and lots of Chinese work Telecoms equipment supplier Ericsson is doing better than the cocaine nose jobs of Wall Street predicted thanks to higher margins and China’s 5G rollout. Ericsson said its gross margins reached their best level since 2006 and revenues rose at the Swedish company’s mainstay networks business despite disruptions caused by the COVID-19 pandemic. The company has now won 112 5G contracts, up from 99 at the end of the second quarter, as more telecoms operators build next-generation networks and US diplomatic pressure pushes out market leader Huawei from more countries. Relations with China could become more fraught after Swedish authorities shut China’s Huawei and ZTE out of its 5G network, citing security concerns. https://fudzilla.com/news/network/51...et-predictions

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