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Telecom equipment maker Ericsson divests Russian operation

Published by Uma Rajagopal

Posted on December 15, 2022

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HELSINKI (Reuters) – 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.

(Reporting by Essi Lehto; editing by Niklas Pollard)