Ericsson Shares Rally on AT&T Network Deal, Nokia Drops
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(Reuters) – Ericsson shares rallied in early trading on Tuesday after AT&T chose the Swedish telecoms equipment maker over Finnish rival Nokia to build a network under a five-year deal that could see spending reach $14 billion.
Ericsson rose around 8% on German trading platform Tradegate, while Nokia fell 9%.
(Reporting by Danilo Masoni; Editing by Amanda Cooper)
Copyright 2023 Thomson Reuters.
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