Swedish wireless equipment maker Ericsson sees Q3 profits plunge as operators turn cautious
STOCKHOLM – Swedish wireless equipment maker LM Ericsson on Friday posted a 43 per cent plunge in third-quarter net profits as the global financial slowdown caused operators to become more cautious about investing in the group’s network infrastructure business. For the three months ended Sept. 30, Ericsson reported a net profit of 2.18 billion kronor…