Telecom equipment maker Ericsson divests Russian operation

On Thursday, Swedish telecom equipment maker Ericsson said that it had divested a customer support operation in Russia.

Source: Bloomberg News

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

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