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Ericsson Austria GmbH Pottendorfer Straße 25-27 1120 Wien, Austria http://www.ericsson.com
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Ericsson Austria GmbH

Divestment of Sony Ericsson completed

(PresseBox) (Wien, )
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- The previously announced divestment of Ericsson's share of Sony Ericsson to Sony, including the broad IP cross-licensing agreement, completed on February 15, 2012
- Ericsson's gain on the transaction will be approximately SEK 7.5 billion and reported as 'Other operating income'

Ericsson (NASDAQ:ERIC) has today completed the divestment of its 50 percent stake in Sony Ericsson Mobile Communications AB ("Sony Ericsson"), including the broad IP cross-licensing agreement, jointly announced by Sony Corporation ("Sony") and Ericsson on October 27, 2011. This makes Sony Ericsson a wholly-owned subsidiary of Sony. The agreed cash consideration for the transaction is EUR 1.05 billion.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.