NORDIC STOCKS - Factors to watch on July 10

Fri Jul 10, 2009 1:27am EDT
 
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HELSINKI, July 10 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Friday:

ERICSSON (ERICb.ST)

Sprint Nextel Corp (S.N) said late on Thursday it would pay Ericsson $4.5 billion to $5 billion to manage its network under a 7-year deal in which 6,000 Sprint workers will move to Ericsson. The job transfers to Ericsson Services Inc are expected to occur late this quarter, the companies said.

For a full story on Sprint deal, double click on [ID:nN09472369]

Separately, Sony Corp (6758.T) Chief Executive Howard Stringer said the Japanese group had no plans to buy out Ericsson's stake in their loss-making mobile joint venture Sony Ericsson. Analysts have said Ericsson might seek to abandon the venture and life in the hands of Sony.

For a full story on Sony comments, double click [ID:nN09475364]

For more on the company, double click on [ERICb.ST]

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(Additional reporting by Copenhagen, Oslo and Stockholm newsrooms) (Helsinki Newsroom; +358-9-6805-0244)

 

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