Ericsson, the world’s largest maker of mobile-phone networks reported a 14% rise in quarterly profit, but cautioned that the market for mobile equipment may slow in 2007.
Ericsson said fourth-quarter net income improved to 9.73 billion Swedish kronor (USD 1.4 billion), or 0.61 krona a share, from 8.54 billion kronor, or 0.54 krona a share, a year earlier. Ericsson benefitted from Japanese operators buiding out their mobile broadband offerings and Western European carriers increasingly letting Ericsson manage their networks.
Source: Ericsson Press Release
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