Telecoms equipment maker Ericsson reported quarterly core earnings well ahead of market expectations on Thursday and lifted its 2020 sales target citing a stronger 5G market and currency effects. The Swedish company, which together with Nokia and Huawei sells the bulk of the radio access network equipment that is key for next generation 5G mobile services, said it was now targeting sales of 230-240 billion crowns ($23.5-24.5 billion) in 2020, up from 210-220 billion previously. “5G is taking off earlier than anticipated”. …read more
Source:: Yahoo Finance
