Pause operations: company temporarily curtailing operations while keeping return options open
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Telefonaktiebolaget LM Ericsson, commonly known as Ericsson, is a Swedish multinational networking and telecommunications company headquartered in Stockholm.
Pause operations: company temporarily curtailing operations while keeping return options open
Leave SuspensionThe 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 completed winding down its customer engagements in Russia by end of 2022. 400 employees in Russia left Ericsson. In 2023, Ericsson will continue having a legal entity with few employees to fulfill legal and administrative requirements. Previously had suspended deliveries to Russia while evaluating further actions. Rusklimat appealed to the intellectual property court with a request to terminate the legal protection in the country of trademarks of the telecommunications equipment manufacturer Ericsson. Market participants believe that the Russian company wants to produce or sell other equipment in the Russian Federation under the Swedish brand. This is one of the first such cases against manufacturers who left the country after the outbreak of hostilities in Ukraine, lawyers say, clarifying that Ericsson itself must prove the use of the mark.
Planned exit of business in Russia and gradual wind down business activities in Russia over the coming months. Previously had suspended deliveries to Russia while evaluating further actions. Said "it is only providing software and technical support to Russian clients and has not sold any telecommunications equipment to mobile operators there since the Ukraine war started", after Swedish media reported the company had continued its exports. Early in February 2023, Maxcomm LLC declared the import of components for 20,000 base communication stations of the Swedish company Ericsson AB, which officially ceased operations in the country a year ago, to Russia. The Swedish government did not allow Ericsson to supply equipment to Russian companies. Ericsson suspended its business in Russia in April and said in August that it would leave the country in the coming months. It booked 900 million Swedish crowns ($81 million) in costs and laid off 400 employees in the country as it winds down operations. Ericsson said it only provides software and technical support to Russian customers and has not sold any telecommunications equipment to mobile operators since the start of the war in Ukraine after Swedish media reported, the company resumed exports.