Ericsson shares sink further after tough Q1 earnings report

A combination of historical misdeeds in Iraq and the need to pull out of Russia loomed heavy on Swedish kit vendor Ericsson’s latest quarterlies.
The Russia stuff was announced at the start of this week. While telecoms vendors have been agonising over the correct course of action to take with regard to doing business in that country after it invaded Ukraine, it looks like the EU took the decision out of their hands by removing a sanctions exemption for public telecommunication networks. No