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Ericsson warns of possible European 5G delay

Ericsson has reported better than expected results for the first quarter of 2020, with disruption caused by the coronavirus blamed.

The Swedish telecoms equipment giant told investors that Covid-19 had had “limited impact” on its income during the period. Operating income rose by nearly a third to 4.6 billion SEK with sales up 2 per cent to 49.8 billion SEK.

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