Sweden’s Ericsson set some new goals and maintained its 2022 operating margin target after the country’s telecoms regulator halted 5G spectrum auctions, driving down the company’s shares in early trade on Tuesday. The telecom equipment maker, which holds its capital markets day for investors on Tuesday, has benefited from the global deployment of 5G technology as diplomatic pressure from the United States has eroded market leader Huawei’s dominance in regions such as Europe. Late on Monday, Sweden’s telecoms regulator halted 5G spectrum auctions after a court suspended parts of its decision that had excluded Chinese telecom equipment maker …read more
Source:: Yahoo Finance
