April 24, 2014 / 8:36 AM / 3 years ago

BRIEF-Ericsson says to split up networks unit

STOCKHOLM, April 24 (Reuters) - ERICSSON : * New business unit structure to support networks growth * Says business unit networks will be divided, creating two new units to

support growth strategy * Says new business unit radio will build on industry's most competitive radio

portfolio to leverage leading position * New business unit Cloud & IP to capture opportunities with virtualization for the IP and core portfolio * Says complete transformation is expected to be finalized during the 3rd

quarter 2014

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