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Home Business

Telecom equipment maker Ericsson divests Russian operation

by Sumbul Farid
December 15, 2022
in Business, World
Reading Time: 1 min read
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On Thursday, Swedish telecom equipment maker Ericsson said that it had divested a customer support operation in Russia.

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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.

Tags: EriccsonNewsRussiatechukraine
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