Ericsson doubled its second quarter profit but fell short of analysts’ expectations, thanks to a downturn in carrier spending and a component shortage.
Network revenue was hit by stalled carrier investment in India, where the government has sought security clearances for all foreign network gear, and the winding down of China’s 3G rollout.
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Ericsson will take over the running of Telefónica’s pre-paid billing operations from October, in a seven-year deal covering 100 million subscribers.
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July 20, 2010
Ericsson has landed two major network deals in Asia-Pacific, including a ground-breaking services contract in China.
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