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Monday, April 5, 2010

Ericsson committed to Sony Ericsson venture for at least 3 more years

A feature in Swedish business news paper Dagens Industri quotes Ericsson CEO Hans Vestberg as saying his company would keep its 50% stake in the Sony Ericsson joint venture at least for the next three years.

Mr Vestberg said Ericsson was satisfied with the cooperation with its partner Sony, stating that "Sony Ericsson is going to come out of its tough period and be profitable again".

[Source: Reuters.com]

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Tags: sony ericsson

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