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Borje Ekholm

Ericsson scraps push for new clients beyond telecoms

Ericsson scraps push for new clients beyond telecoms

Tue, Jun 27, 2017

The Swedish firm`s clients in its core business include Vodafone and Verizon but profits have plunged due to competition from Nokia and China`s Huawei and as telecoms companies make savings. Its shares have fallen 30 percent in two years.

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