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Ericsson sees 'further' market decline after 2023 loss
Ericsson sees 'further' market decline after 2023 loss
Economy
by  AFP

Swedish telecoms equipment giant Ericsson warned Tuesday that it expected further market decline outside China this year after booking a sizeable loss in 2023 due to a write-down and restructuring costs. "As we look to 2024, we expect the market outside China to further decline, with similar uncertainties as experienced in 2023," Ericsson chief executive Borje Ekholm said.