STOCKHOLM, Nov 8 Ericsson on Thursday
raised its sales target for 2020, driven mainly by a recovery in
its hard-hit networks business as the market for next-generation
5G mobile equipment shifts into a higher gear.
STOCKHOLM Mobile telecom equipment maker Ericsson beat third-quarter operating profit forecasts on Thursday, boosted by sales of next-generation 5G gear in North America, and said it was making solid progress toward its long-term financial goals.
STOCKHOLM A Swedish court on Monday found a man at the center of a scandal that has rocked the academy that awards the Nobel literature prize guilty of rape and sentenced him to two years in jail.
STOCKHOLM H&M's sales bounced back in the third quarter, helped by a new logistics system, as the world's second biggest fashion retailer said a revamp to meet growing online and budget competition was paying off. | Video
STOCKHOLM Telia's plan to buy Bonnier Broadcasting could prompt the Swedish government to sell its 37 percent stake in the telecoms firm to limit state influence over local media, particularly if the centre-right bloc wins Sunday's general election.
STOCKHOLM Sweden's Telia Company announced a $1 billion deal to buy Bonnier Broadcasting on Friday, its second major acquisition in a week as the top Nordic telecoms operator looks to expand its media business.
STOCKHOLM Mobile telecom equipment maker Ericsson unexpectedly swung to a modest operating profit in the second quarter, boosted by growing sales in North America and said it was increasingly confident of meeting its longer-term targets.
(This story corrects reference to Wester as "founder" in fourth paragraph in June 29 story.)
STOCKHOLM Nordic and Baltic telecoms operator Telia Company will return cash to shareholders as planned despite talks to buy Sweden's Bonnier Broadcasting, its finance chief said.
STOCKHOLM Telecom group Telia confirmed it is in talks to buy Bonnier's broadcasting business, seeking to add TV content in a deal which a media report said could be worth 10-12 billion crowns ($1.2-$1.4 billion).