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Ericsson’s third-quarter results highlight an impressive profit growth due to strategic cost efficiencies and key sales, despite a net sales decline of 9%. The telecom giant doubled its adjusted EBITA and significantly increased its net income. Strong operational performance in the Networks and Cloud Software & Services segments balanced R&D challenges, positioning Ericsson well for 5G and 6G advancements.

Airbus has partnered with Ericsson to establish a private 5G network, revolutionizing its Hamburg smart factory. This strategic move enhances aerospace manufacturing by seamlessly connecting people, machines, and vehicles. The integration ensures efficient processes through augmented reality and swift robotic task management, setting a global standard and transforming industrial operations.