Ericsson Tops Revenue Estimates as Global 5G Rollout Accelerates
Telecommunications equipment manufacturer Ericsson exceeded quarterly earnings expectations and raised its market outlook for 2019 as well as its sales target for 2020, driven by a faster-than-anticipated roll-out of high-speed 5G networks. Ericsson CEO Börje Ekholm said, “We see a much faster pace of introduction of 5G than expected,” highlighting particularly strong demand in the … Read more