Ericsson plans cut in China ops on Huawei backlash, flags supply chain issues

  • 📰 Reuters
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Sweden's Ericsson announced on Tuesday plans to reduce its operations in China after suffering a big sales drop in one of its biggest markets due to retaliation for Sweden's ban on China's Huawei (HWT.UL) from selling 5G gear in the country.

Moves come after Sweden banned Huawei from 5G gearannounced on Tuesday plans to reduce its operations in China after suffering a big sales drop in one of its biggest markets due to retaliation for Sweden's ban on China's Huawei from selling 5G gear in the country.

Sweden banned China's Huawei from selling 5G gear in the country a year ago and Ericsson has since lost most of its share in the latest rounds of telecom tenders in China. Mellander said the decline started in the second quarter and would show as a year-on-year loss until the same period of next year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China Plans Dollar-Bond SaleChina is preparing to sell U.S. dollar bonds, in a test of investor appetite after data showed the world’s second-largest economy is cooling rapidly. There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting about lisamiaBTC it has been a pleasure collaborating with you...there is no other way I can show my appreciation other than tweeting the good deed you have done
Source: WSJ - 🏆 98. / 63 Read more »

China sees slower growth amid power and property crisesChina's economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market. 正增长率有降低而已,但还是在高速增长。 All this w/o Dems lifting a finger in retaliation of China's disrespect of the U.S.
Source: NBCNews - 🏆 10. / 86 Read more »

What to know about the escalating tensions between China and TaiwanTaiwan's air defence zone also covers parts of the mainland. Stop making it sound like they were flying over Taipei. The planes flew closer to the mainland than any part of Taiwan. When the US enters China's air defence zone, its about promoting 'freedom of navigation'. 노벨상-상금-평균 10억 여원인듯? 여러나라의 장려금 포상금의 더 많은 상이 많을듯 스페인은 정품 패치발행국 케인즈경제의 노벨의 명성(300등에겨우)에 따른 상금보다 Bbf경제구조의 국가의 상이더 클듯 패치발행국의 상으로의 패치발행이득의 소비는 금기이니 자제하세요 the chinese 'rejunifincation' will be earlier then 2225!
Source: ABC - 🏆 471. / 51 Read more »

Explainer: Is China finally ready to roll out a property tax?China's long-mooted - and long-resisted - property tax is set to gain new momentum as President Xi Jinping throws his support behind what would be the most profound policy change in a generation.
Source: Reuters - 🏆 2. / 97 Read more »

Asian shares track Wall Street higher, China reboundsAsian shares advanced on Tuesday, supported by a tech-driven Wall Street rally, and a rebound in Chinese markets a day after weak data heightened investor concerns about the world's second-largest economy.
Source: Reuters - 🏆 2. / 97 Read more »

China Tested a Nuclear-Capable Hypersonic Missile: ReportThe weapon is harder to track and destroy than a ballistic missile, but some arms-control experts are cautioning against overreacting to China's test Not too surprising, after China long history of stealing US intellectual property. Military satellites confirm China's test missile reaches its target somewhat tepid but is capable of leaving behind thousands of menus.
Source: NYMag - 🏆 111. / 63 Read more »