Ericsson sales growth, margins improve in Q3 on 5G demand, cost reductions

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(Telecompaper) Ericsson reported stronger sales growth and improved margins in the third quarter, thanks to demand for 5G and a continued focus on cost reductions. Sales increased 9 percent year-on-year to SEK 53.8 billion. On an organic basis, revenues rose 1 percent and were up 5 percent at the main Networks division. 
Source: Industry News (syndicated from Telecompaper.com)

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