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Ericsson shares drop after new report on alleged ISIS payments sparks downgrade

Ercisson group head office

Roland Magnusson/iStock Editorial via Getty Images

Ericsson (NASDAQ:ERIC) fell 8.8% in premarket trading after a new report over the weekend revealed more details about alleged payments the telecommunications company made to ISIS. The company was also cut to neutral

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Telefonaktiebolaget LM Ericsson (publ)