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Ericsson followed through with its recent grim profit warning to reveal a SEK 3.35 billion (€346 million) third-quarter reverse, and a loss of SEK 233 million (€24 million) in the period, down from profit of SEK 3.12 billion (€322 million) a year ago.


Telia took a major hit on its earnings in the third quarter, slipping to a loss of SEK 8.81 billion (€910 million) in the period, mainly on the back of a SEK 12.5 billion (€1.29 billion) settlement related to bribery allegations over its entry into Uzbekistan in 2007.