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Ericsson’s turnover is impacted by a drop in two key segments – network and digital services sales – in China. – EPA pic, October 19, 2021.

ERICSSON said today its sales dipped in the third quarter as the Swedish telecoms giant faced reprisals in China after rival Huawei was barred from selling its equipment in Sweden.

China, a major market for Ericsson, accounted for just 5% of the company’s turnover in the third quarter, half of what it represented in the same three-month period last year.



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