Tag: 5G

Ericsson’s third-quarter earnings reveal a 9% revenue decline to 56.2 billion SEK amid challenging market conditions. The telecommunications giant reportedly plans continued cost-cutting measures while positioning 5G Standalone technology as its primary growth opportunity heading into the 6G era.

Ericsson’s Mixed Quarter Amid Market Challenges

Telecommunications equipment giant Ericsson reported a mixed third quarter for the financial year, with sources indicating the vendor is navigating what it describes as a “flat” RAN market. According to reports, the company saw revenues drop by nine percent year-on-year to 56.2 billion Swedish kronor ($5.9 billion), though analysts suggest organic decline was just two percent when accounting for foreign-exchange movements.