Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.


Ericsson posts $374M loss

Published on .

London--Ericsson, the world's biggest maker of mobile phone equipment, said it lost $374 million in the third quarter compared with a profit of $415 million a year earlier. Ericsson Chairman Lars Ramqvist is to step down at the company's shareholder meeting in March and be replaced by Michael Treschow, CEO of Electrolux, one of the world's biggest appliance makers. Stockholm-based Ericsson, which gets 80% of its sales from mobile systems, has been hurt by the downturn in telecommunications industry.
Most Popular
In this article: