EnterpriseLight Readingabout 2 hours ago
Ericsson Dissolves Wireless Enterprise Unit
4 min read
New CEO Per Narvinger disbanded Ericsson's wireless enterprise business unit to address rising component costs and a flat market. The company reported 6% revenue growth to SEK 59.5 billion in Q3, while enterprise sales declined 10%. Narvinger plans to merge regional divisions into one Asia-Pacific group by next year, combining Northeast Asia and Southeast Asia, Oceania and India.
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