Ericsson makes 6.1 bln SEK provision to revamp ailing BSS unit [Reuters]
Ericsson - American Depositary Shares each representing 1 underlying Class B share (ERIC)
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Source: Reuters
Ericsson makes 6.1 bln SEK provision to revamp ailing BSS unit | Reuters 1 Min Read STOCKHOLM, Jan 10 (Reuters) - Mobile telecom equipment maker Ericsson said on Thursday it would make cost provisions of 6.1 billion Swedish crowns ($687 million) in the fourth quarter as it shifted strategy for its loss-making Business Support System (BSS) unit. “The company has now decided to pursue additional measures to speed up the restructuring of the BSS business, including its product and contract portfolio,” Ericsson said in a statement. Ericsson said the planned measures will materially contribute to reducing losses in the BSS area already in 2019. $1 = 8.8770 Swedish crownsReporting by Johannes Hellstrom; editing by Niklas Pollard All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Ericsson makes 6.1 bln SEK provision to revamp ailing BSS unit STOCKHOLM, Jan 10 (Reuters) - Mobile telecom equipment mak
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