ZTE woes may boost network rivals Ericsson and Nokia
'STOCKHOLM/LONDON (Reuters) - Investors are warming to beleaguered mobile network makers Ericsson and Nokia as they begin to recover ahead of a once-a-decade uplift from a new business cycle and an unexpected boost from a U.S. ban on exports to low-cost Chinese rival ZTE.', 'ZTE has snatched market share in Europe and the Americas, growing four times faster in those markets last year than it did its home market and acting as a drag on contract pricing and revenue growth for Ericsson <ERICb.ST> and Nokia <NOKIA.HE>. But now, ZTE <000063.SZ> has been slapped with a potentially devastating seven-year export ban.', 'Ericsson is due to report results on Friday and Nokia next Thursday and the focus is likely to be on next-generation 5G network upgrades expected to start later in 2018 or during 2019, ending a three-to-four year dry spell in network spending.', '"This is a very serious setback for ZTE," he said. Whether or not a Commerce Department ban on U.S. firms supplying components to ZTE holds up, Ericsson and Nokia still face a tough year ahead amid weak overall market demand as telecom operators keep a tight lid on network capital spending.'
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