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Telecommunication

Ericsson to restructure China operations after sales plunge

State-owned network operators favor ZTE and Huawei after Swedish 5G block

Ericsson recorded a 74% drop in Chinese revenues in the third quarter from a year before.   © Reuters

TOKYO -- Swedish telecommunication equipment maker Ericsson plans to restructure its operations in China, its second-largest market, after its sales in the country plunged for a second consecutive quarter in the wake of its home government's move to exclude Huawei Technologies and ZTE from 5G mobile networks.

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