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Telecom equipment maker Ericsson divests Russian operation

Published by Uma Rajagopal

Posted on December 15, 2022

1 min read

· Last updated: February 2, 2026

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Ericsson logo at headquarters symbolizing divestment of Russian operations - Global Banking & Finance Review
This image features the Ericsson logo prominently displayed at its headquarters in Stockholm, representing the company's recent decision to divest its Russian operations amid business restructuring. This significant move highlights Ericsson's shift in strategy within the telecom sector.
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HELSINKI (Reuters) – Swedish telecom equipment maker Ericsson said on Thursday it had divested a customer support operation in Russia. The new owners of the business, that has some 40 employees, come from the management of Ericsson’s Russian subsidiary, the company said in a statement. Ericsson has previously announced it had decided to wind down […]

HELSINKI (Reuters) – Swedish telecom equipment maker Ericsson said on Thursday it had divested a customer support operation in Russia.

The new owners of the business, that has some 40 employees, come from the management of Ericsson’s Russian subsidiary, the company said in a statement.

Ericsson has previously announced it had decided to wind down its Russian businesses that used to employ 400 people.

(Reporting by Essi Lehto; editing by Niklas Pollard)

Frequently Asked Questions

What is divestment?
Divestment is the process of selling off a subsidiary or business unit. Companies often divest to focus on their core operations or to raise capital.
What is a subsidiary?
A subsidiary is a company that is completely or partially owned and controlled by another company, known as the parent company.
What is corporate strategy?
Corporate strategy refers to the overall plan and direction of a company, including decisions about which markets to enter, how to allocate resources, and how to achieve competitive advantage.
What is customer support?
Customer support is a service provided by companies to assist customers in resolving issues with their products or services, ensuring customer satisfaction and loyalty.
What is employee divestment?
Employee divestment occurs when a company reduces its workforce or sells off parts of its business, often leading to job losses or changes in employment structure.

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