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 BackThe 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. 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.