Tag: Business report

Ericsson is taking SEK 1 billion loss in 2nd quarter of 2020 in doing 5G business in China

According to an official statement published on 8 June 2020.Ericsson will face a SEK 1 billion loss due to pre-commercial written contract in 2nd quater of 2020, the corporate statement said: “As mentioned previously, Ericsson has previously announced on increased its footprint in China through 5G contract awards from all three major operators in China.…