Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back

Telefonaktiebolaget LM Ericsson, commonly known as Ericsson, is a Swedish multinational networking and telecommunications company headquartered in Stockholm.

Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back
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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.

The Company Statement
May 03, 2023

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.

September 08, 2023Chinese equipment raised questions among Russian telecom operators
December 21, 2022Russian mobile calls, internet seen deteriorating after Nokia, Ericsson leave
December 15, 2022Telecom equipment maker Ericsson divests Russian operation
December 15, 2022Ericsson divests its local customer support business in Russia
November 11, 2022Russia's Tele2 files lawsuit against Ericsson over Russia withdrawal
September 23, 2022Ericsson says no hardware exported to Russia, only software support
August 29, 2022Ericsson, Nokia to wind down Russian operations by year end
August 11, 2022Ericsson suspends business in Russia indefinitely and records provision in Q1 2022
April 28, 2022Ericsson suspends the supply of equipment to Russia
March 11, 2022Ericsson’s Russia exit will stifle 5G rollout
Ericsson suspends all deliveries to Russia
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