Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalTelefonaktiebolaget LM Ericsson, commonly known as Ericsson, is a Swedish multinational networking and telecommunications company headquartered in Stockholm.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalThe 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.
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.