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Sony and Ericsson Announce Eur 300 million Capital Injection to Sony Ericsson Mobile Communications and Report the Joint Venture's Fourth Quarter Results
Tokyo and Stockholm, January 29 -- Sony and Ericsson today announced that the two companies have decided to make an additional capital injection to their 50:50 jointly owned Sony Ericsson Mobile Communications, AB ("SEMC").
Ericsson awarded MMS contract by Estonian EMT
Ericsson has been selected by Estonian operator EMT to supply its MMS Solution. The solution includes MMS Center, mobile data gateways, and a range of support services. The contract also contains integration of key elements into the existing mobile network, supplied by Ericsson. EMT will launch its MMS services in summer 2003.
Ericsson sells optoelectronics operation to Northlight Optronics AB
Ericsson has signed an agreement to sell its optoelectronics operation Ericsson Optoelectronics to Northlight Optronics AB. The deal is effective immediately and Ericsson Optoelectronics' 48 employees will be transferred to the new company as of now.