They are an exclusively business-to-business company and their customers are major telecoms. I would guess the whole telco market is not affected much generally

They are an exclusively business-to-business company and their customers are major telecoms. I would guess the whole telco market is not affected much generally, especially not one more link down the chain. I already have trouble believing people use mobile networks less in a recession (or pay for them less by a considerable degree) and telecoms mainly pay Ericsson for goods and services to provide a certain capacity, which I also have no reason to believe would go down.