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Ericsson finalizes sale of its holdings in Ericsson Panda Mobile Terminals Co. Ltd

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.

Press release  |  Aug 22, 2002 07:58 (GMT +00:00)

The restructuring will enable Ericsson to streamline its production facilities and enable a more efficient utilization of resources through only one facility focusing on the mobile phone manufacturing in Beijing, China.