Telefonaktiebolaget LM Ericsson (ERICb.ST)
STOCKHOLM Mobile telecom equipment maker Ericsson cut its annual dividend by 73 percent, with its new CEO saying the Swedish company would prioritize profitability after it suffered an operating loss in the last three months of 2016.
* New CEO says investments to be reassessed (Adds CFO, analyst comment)
BRIEF-Shenzhen Kexin Communication Technologies wins bid for outdoor cabinet project from Telefonaktiebolaget LM Ericsson
Jan 13 Shenzhen Kexin Communication Technologies :
The following stocks may be affected by newspaper reports and other factors on Friday:
STOCKHOLM Global telecoms equipment gear maker Ericsson plans to expand its partnership with Cisco Systems Inc by serving new corporate clients and the public sector in 2017, its North American chief told Reuters in an interview.
STOCKHOLM Struggling telecom equipment maker Ericsson said on Thursday sweeping staff cuts in its Swedish home market were running ahead of schedule, resulting in higher restructuring costs this year.
** Says as previously announced, Ericsson will make significant reductions in its operations in Boras and Kumla
The following stocks may be affected by newspaper reports and other factors on Wednesday:
JOHANNESBURG Ericsson is betting that fast-growing demand for mobile Internet services in sub-Saharan Africa will also boost sales for the world's biggest mobile telecoms equipment maker, the Swedish company's regional president said.
* Shares fall as much as 7.7 pct (Adds details on market outlook, Ericsson forecasts, 5G hopes)