# Telecom equipment maker Ericsson divests Russian operation
Author:  Pal Sinha,Barnali
Author URL: https://fintechherald.com/author/pal-sinha-barnali
Published: 2022-12-15
Category: Headlines
Category URL: https://fintechherald.com/category/headlines
Meta Title: Ericsson divests Russian customer support operation, new owners from management
Meta Description: Ericsson announces divestment of Russian customer support unit, now managed by former subsidiary executives. Company winding down Russian operations.
URL: https://fintechherald.com/telecom-equipment-maker-ericsson-divests-russian-operation

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qsh86i001bwirgpt97g904/images/2022-12-15t084440z1lynxmpeibe0e4rtroptp4ericsson-apple-1736849352943-compressed.jpg)

HELSINKI (Reuters) – Swedish telecom equipment maker Ericsson said on Thursday it had divested a customer support operation in Russia.

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.

Ericsson has previously announced it had decided to wind down its Russian businesses that used to employ 400 people.

(Reporting by Essi Lehto; editing by Niklas Pollard)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---