You are here

Ericsson scraps push for new clients beyond telecoms

Wednesday, June 28, 2017 - 05:50

BT_20170628_NSERIC289O5Y_2953802.jpg
Ericsson has to prove it can remain relevant in an industry that has gone from over 10 major players to three in 20 years. Investors question whether it can do this under new new CEO Borje Ekholm.

Stockholm

ERICSSON has ditched its goal of winning more clients beyond the telecoms industry to refocus on selling networks to mobile phone companies in a move to cut costs and halt a dramatic fall in its share price.

The Swedish firm's clients in its core business include Vodafone

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom