 Ericsson is looking to profit from converging technology |
Swedish telecoms company Ericsson has said profits are still falling since last year's �1.2bn ($2.2bn) purchase of loss-making Marconi. Net profit for the second quarter of 2006 was 8.29bn kronor ($600m; �323m), 2% down on the same period in 2005.
The world's largest maker of mobile phone networks, Ericsson bought Marconi last October to augment its fixed-line telephone equipment division.
Marconi made a loss of 200m kroner for the quarter.
Long term, Ericsson said Marconi would be the "cornerstone" of its business providing converged broadband networks that can offer voice, data and video services.
Ericsson's figures were helped by a big rise in pre-tax profits at its Sony Ericsson mobile phone joint venture.
A 33% surge in unit sales helped double profits, from which Ericsson took a one billion kronor share.
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