SLOWER EXPANSION: Vestberg presenting the company's second-quarter results during a news conference in Stockholm. — Reuters
STOCKHOLM: Telecoms gear maker Ericsson expects slower expansion in the more profitable services segment of its business and the same level of growth in its core mobile network equipment market.
Competition and increased product commoditisation have pressured prices in the industry for years. Europe’s debt crisis and weaker global growth squeezed vendors further.
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