Clean Break: the company completely halting Russian engagements or exiting Russia

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Telefonaktiebolaget 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 Withdrawal
Revenue, mln.USD
67
Staff
565
Capital, mln.USD
46
Assets, mln.USD
52
Glob.Revenue, mln.USD
27088
The Company Statement
August 29, 2022

Planning exit of business in Russia, will gradually wind down business activities in Russia over the coming months. Previously had suspended deliveries to Russia while evaluating further actions.

Ericsson suspends all deliveries to Russia
Ericsson suspends the supply of equipment to Russia
April 11, 2022Ericsson’s Russia exit will stifle 5G rollout
April 11, 2022Ericsson suspends business in Russia indefinitely and records provision in Q1 2022
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