(CercleFinance.com) – The group has entered into an asset transfer agreement to sell its local customer support activities in Russia to a Russian company owned by former operational directors of Ericsson’s Russian subsidiary.
The transaction includes the transfer of approximately 40 Ericsson employees and certain company-related assets and contracts.
In 2023, Ericsson expects to have a small presence in Russia on a local basis. A legal entity owned by Ericsson will continue to be registered to complete the liquidation and meet legal, contractual and administrative requirements.
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