Ericsson Nikola Tesla Performance Set To Improve In 2011

Ericsson Nikola Tesla (ENT), the Croatian affiliate of the Swedish telecoms equipment manufacturer Ericsson and a leading provider of telecoms equipment in Central and Eastern Europe (CEE), announced disappointing results for 2010. BMI expects some improvement in 2011 as 2010 net profit is skewed by one large financing write-off. However, we expect the intensified competition from Chinese vendors Huawei and ZTE to have an ongoing effect on revenues and profit._x000d_

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