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STOCKHOLM: Swedish telecom equipment maker Ericsson reported on Tuesday a rise in core earnings that beat expectations helped by a rebound in demand for 5G gear in North America.
Ericsson forms company with 12 telcos to sell network software
Its adjusted core earnings, excluding impairments, stood at 7.33 billion Swedish crowns ($702.4 million) compared with 3.9 billion crowns reported a year earlier and beat a 5.75 billion crown mean forecast in an LSEG poll of analysts.