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Ericsson finalizes sale of its holdings in Ericsson Panda Mobile Terminals Co. (Mobile Communications).(to Microcell S.A.)(Brief Article)
China Telecom, September, 2002
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 is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world.
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