Telefonaktiebolaget LM Ericsson (ERIC) has released an update.
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Telefonaktiebolaget LM Ericsson reported a strong financial performance in the third quarter of 2024, driven by significant growth in North America and an impressive expansion of gross margins. Despite a slight decline in overall sales, the company achieved a 55% increase in sales in North America and secured further 5G patent licensing agreements. Ericsson’s strategic focus on programmable networks and partnerships, including a joint venture with leading telecom operators, is expected to drive future growth and network monetization opportunities.
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