Ericsson Plans to Restructure Business in China After Revenue Plummeted 74%
On October 19, Borge Eckholm, President and CEO of Ericsson, revealed that the company’s revenue from the Chinese market plummeted by 74% in the third quarter. The company is now planning to restructure its business in China starting in the fourth quarter.
According to the third quarterly report of 2021, the Swedish telecommunications c…
Keep reading with a 7-day free trial
Subscribe to Pandaily to keep reading this post and get 7 days of free access to the full post archives.