1 minute readDecember 15, 20228:44 AM UTCLast Updated ago

Telecom equipment maker Ericsson divests Russian operation

The Ericsson logo is seen at the Ericsson's headquarters in Stockholm, Sweden June 14, 2018. Picture taken June 14, 2018. REUTERS/Olof Swahnberg/File Photo

HELSINKI, Dec 15 (Reuters) - Swedish telecom equipment maker Ericsson (ERICb.ST) 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

Our Standards: The Thomson Reuters Trust Principles.

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Telecom equipment maker Ericsson divests Russian operation

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