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Home Headlines Telecom equipment maker Ericsson divests Russian operation
2022 12 15T084440Z 1 LYNXMPEIBE0E4 RTROPTP 4 ERICSSON APPLE

Telecom equipment maker Ericsson divests Russian operation

by Uma Rajagopal
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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)

 

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Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.