Divestment of Sony Ericsson completed
(Thomson Reuters ONE) -
* The previously announced divestment of Ericsson's share of Sony Ericsson to
Sony, including the broad IP cross-licensing agreement, completed on
February 15, 2012
* Ericsson's gain on the transaction will be approximately SEK 7.5 billion and
reported as 'Other operating income'
Ericsson (NASDAQ:ERIC) has today completed the divestment of its 50 percent
stake in Sony Ericsson Mobile Communications AB ("Sony Ericsson"), including the
broad IP cross-licensing agreement, jointly announced by Sony Corporation
("Sony") and Ericsson on October 27, 2011. This makes Sony Ericsson a wholly-
owned subsidiary of Sony. The agreed cash consideration for the transaction is
EUR 1.05 billion.
Ericsson's gain on the transaction will be approximately SEK 7.5 billion and
will be reported in the first quarter result on April 25, 2012, as 'Other
operating income' in the income statement.
NOTES TO EDITORS
Press release from October 27, 2011, about Sony to acquire Ericsson's share of
Sony Ericsson: http://www.ericsson.com/thecompany/press/releases/2011/10/1558488
Our multimedia content is available at the broadcast room:
www.ericsson.com/broadcast_room
Ericsson is the world's leading provider of communications technology and
services. We are enabling the Networked Society with efficient real-time
solutions that allow us all to study, work and live our lives more freely, in
sustainable societies around the world.
Our offering comprises services, software and infrastructure within Information
and Communications Technology for telecom operators and other industries. Today
more than 40 percent of the world's mobile traffic goes through Ericsson
networks and we support customers' networks servicing more than 2 billion
subscribers.
We operate in 180 countries and employ more than 100,000 people. Founded in
1876, Ericsson is headquartered in Stockholm, Sweden. In 2011 the company had
revenues of SEK 226,9 billion (USD 35,0 billion). Ericsson is listed on NASDAQ
OMX, Stockholm and NASDAQ, New York stock exchanges.
www.ericsson.com
www.twitter.com/ericssonpress
www.facebook.com/technologyforgood
www.youtube.com/ericssonpress
FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
E-mail:media.relations(at)ericsson.com
Ericsson Investor Relations
Telefon: +46 10 719 00 00
E-post:investor.relations(at)ericsson.com
Press release as PDF:
http://hugin.info/1061/R/1586321/497185.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ericsson via Thomson Reuters ONE
[HUG#1586321]
Unternehmensinformation / Kurzprofil:
Datum: 16.02.2012 - 02:00 Uhr
Sprache: Deutsch
News-ID 115326
Anzahl Zeichen: 3391
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 169 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Divestment of Sony Ericsson completed"
steht unter der journalistisch-redaktionellen Verantwortung von
Ericsson (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
