Ericsson gross margins set to rebound, says Bernstein Bernstein believes that Ericsson is at the beginning of a multi-year structural improvement in gross margins. The firm expects the company's stock to do well in 2014, and it keeps an Outperform rating on the shares.
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Ericsson contract with MTS upped to exceed $1.5B, Reuters says Russia's MTS said that it had raised the value of its contract with Ericsson to exceed $1.5B, reported Reuters. MTS noted that it agreed to an extra $286M contract with the Swedish company for the broadening and modernization of its 2G, 3G and LTE networks throughout Russia. Reference Link