Has sold its remaining hold in Juniper Networks for about US$540 million

March 27, 2001

1 Min Read

STOCKHOLM -- Ericsson has sold its remaining holding in Juniper Networks. The transaction will give a capital gain of about 5.5 billion SEK in the first quarter 2001. This capital gain was not included in our revised earnings estimate as of March 12, 2001. Ericsson continues to work closely with Juniper Networks in offering carrier-class IP infrastructure products to the market.

Ericsson is the leading communications supplier, combining innovation in mobility and Internet in creating the new era of mobile Internet. Ericsson provides total solutions covering everything from systems and applications to mobile phones and other communications tools. With presence in 140 countries, Ericsson simplifies communications for customers all over the world.


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