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Ericsson sees up to $1.7 billion in costs as revamp begins

Ericsson sees up to $1.7 billion in costs as revamp begins

Tuesday, March 28, 2017, 2:15 PM

Ericsson AB will book as much as 15 billion kronor ($1.7 billion) in extra costs in the first quarter as new chief executive officer resizes the wireless network maker for leaner times. Ericsson will explore options for its media business, and Ekholm will also remove a layer from top management, reducing 10 geographical business areas into five.
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