Telecom equipment maker Ericsson divests Russian operation

Telecom equipment maker Ericsson divests Russian operation
FILE PHOTO: The Ericsson logo is seen at the Ericsson’s headquarters in Stockholm, Sweden June 14, 2018. Picture taken June 14, 2018. REUTERS/Olof Swahnberg

HELSINKI : Swedish telecom equipment maker Ericsson said on Thursday it had divested a customer support operation in Russia.

The new owners of the business, that has some 40 employees, come from the management of Ericsson’s Russian subsidiary, the company said in a statement.

Ericsson has previously announced it had decided to wind down its Russian businesses that used to employ 400 people.

 

 

Source: Reuters