Ericsson anticipates a recovery in mobile infrastructure inv...
Ericsson anticipates a recovery in mobile infrastructure investment due to rising data traffic and 5G demand, despite current low levels. However, the timing remains uncertain. The company plans to capitalize on this potential increase by enhancing efficiency and reducing costs. Barclays' analysts, however, have downgraded Ericsson and Nokia, predicting subdued investment globally, except in China, for the next three years.
Ericsson Says Infrastructure Investment Slump Will Continue to Impact Its Sales in 2024
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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