STOCKHOLM—Ericsson’s top executive vowed to double down on efforts to regain market share lost in China after Sweden blocked Chinese suppliers from its 5G roll-out, a move that antagonized Beijing and has hit the equipment maker’s business. China accounted for about 10 percent of Ericsson’s revenue last year, but that fell sharply after the company’s…
Ericsson’s Backing Huawei Shows How Companies Become ‘Hostages’ to the CCP
Commentary Telecommunication giant, Ericsson, did not enjoy the benefits of a ban of its rival, Huawei, in Sweden, instead, it has been asking its government to reconsider the ban; analysis suggested the profits gained from the Chinese market left the company susceptible to coercion by the Chinese Communist Party (CCP). As the United States and…
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