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Ericsson and Microcell S.A. have completed the transaction whereby Microcell takes over Ericsson's majority holdings in the former joint venture Ericsson Panda Mobile Terminals Co. Ltd. in Nanjing, China.
Russian telecomoperator LLC TelecomInvest-XXI together with NEFTEGAZBANK and Ericsson have signed a contract for the supply of a multiservice network for the Moscow region and Moscow. The network starting from the end of year 2002, will provide telecommunications services for private and corporate users.
Following the earlier announcement that the sale of its Microelectronics division to Infineon Technologies AG has been approved by all responsible anti-trust authorities, Ericsson announces that it will receive 27.5 million Infineon shares as consideration.
Following the press release dated June 12, 2002 announcing the purchase by Infineon Technologies AG of Ericsson's Microelectronics division, Ericsson is pleased to announce that the transaction has now been approved by all responsible anti-trust authorities. Closing is expected to occur before the end of September 2002.
Det amerikanska prospektet (F-3), som tidigare lämnats in till Securities and Exchange Commission (SEC) i USA med anledning av Ericssons föreslagna nyemission, är nu slutligt registrerat.
Standard & Poor's today announced that it has downgraded the long-term credit rating of Ericsson from BBB- to BB+, maintaining their CreditWatch status pending completion of the rights offering. Ericsson's ratings from Standard & Poor's and Moody's Investor Services are now aligned. The downgrade has no effect on Ericsson's rights offering.