Ericsson up 9% on AT&T network deal as Nokia plunges to three-year low

Ericsson recently announced it is planning to cut 8,500 jobs as part of its cost-cutting measures. Nurphoto | Nurphoto | Getty Images Shares of Finland’s Nokia plunged to a three-year-low, as the telecoms company lost out on a major deal to roll out a new telecoms network in the U.S. with industry juggernaut AT&T. Helsinki-listed … Read more