Ericsson reported revenues in Latin America fall 3% year-on-year in the fourth quarter of 2014 but rise 3% for the full year driven by mobile broadband projects and network quality investments. The company said that sales were driven primarily by operator investments in mobile broadband coverage and related services and network quality and capacity expansions. Fourth quarter revenue was SEK 6.6 billion. Globally, Ericsson's sales grew 1% year-on-year in the fourth quarter to SEK 68 billion driven by strong sales in the Middle East, Europe and Asia and offset by a continued decline in North America.

Full-year revenue in the region weighed in at SEK 22.6 billion ($2.8 billion). Full-year sales in North America were affected by lower network sales as large mobile network coverage projects came to an end and increased operator focus on cash flow optimization in the second half of 2014 to finance acquisitions and spectrum auctions.