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Ericsson Reports Profit, Market Share Gains After Huawei Ban

  • Sales of 5G network equipment picked up in China and Europe
  • Reiterates targets and says software gains may not be repeated
Swisscom AG Install 5G Antenna Equipment
Photographer: Stefan Wermuth/Bloomberg
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Ericsson reported stronger-than-expected profit as the network equipment vendor gained market share, particularly from non-Chinese rivals, after government restrictions on gear from Huawei Technologies Co..