Ericsson sells its holdings in Nanjing, China-based Ericsson Panda Mobile Terminals Co. Ltd. to Microcell

August 22, 2002

1 Min Read

STOCKHOLM -- 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. 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. Ericsson AB Microcell Telecommunications Inc.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like