Ericsson to take a hit with power cable divestment
Telecoms InfrastructureEricsson to take a hit with power cable divestmentEricsson to take a hit with power cable divestment
Swedish kit vendor Ericsson has agreed to divest its power cable operation to Danish cable manufacturer NKT Cables for SEK250m ($38.4m). However, Ericsson believes the transaction will generate a net loss of approximately SEK100m.
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