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Ericsson posts bigger than expected Q3 loss, warns on network sales

Competition from China's Huawei and Finland's Nokia as well as weak emerging markets and falling spending by telecoms operators has hurt Ericsson while demand for next-generation 5G technology is still several years away. STOCKHOLM:  Ericsson  fell to a larger-than-expected third-quarter operating loss on Friday and warned its quarter-on-quarter sales growth would underperform, adding to an already bleak outlook for the mobile  telecom equipment  maker. Competition from China's  Huawei  and Finland's  Nokia  as well as weak emerging markets and falling spending by telecoms operators has hurt Ericsson while demand for next-generation  5G technology  is still several years away. Once the clear sector leader, it is also having to restructure after an ill-judged attempt to diversify its customer base outside the telecom market to include sectors such as the media and utilities. Ericsson posted its fourth consecutive losing quarter, slip...