{"id":23754,"date":"2022-12-15T16:11:09","date_gmt":"2022-12-15T16:11:09","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/15\/ericsson-sells-russian-network-support-biz-to-local-managers-the-register\/"},"modified":"2022-12-15T16:11:09","modified_gmt":"2022-12-15T16:11:09","slug":"ericsson-sells-russian-network-support-biz-to-local-managers-the-register","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/15\/ericsson-sells-russian-network-support-biz-to-local-managers-the-register\/","title":{"rendered":"Ericsson sells Russian network support biz to local managers \u2022 The Register"},"content":{"rendered":"<p> <a href=\"https:\/\/go.fiverr.com\/visit\/?bta=1052423&nci=17043\" Target=\"_Top\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/fiverr.ck-cdn.com\/tn\/serve\/?cid=40081059\"  width=\"601\" height=\"201\"><\/a>\n<\/p>\n<div id=\"body\">\n<p>Swedish network system maker Ericsson is the latest tech business to offload its remaining operations in Russia to local management, months after saying it was going to pull out of the country &#8220;indefinitely.&#8221;<\/p>\n<p>Under the progress <a target=\"_blank\" rel=\"nofollow noopener\" href=\"https:\/\/www.ericsson.com\/en\/press-releases\/2022\/12\/ericsson-divests-its-local-customer-support-business-in-russia\">outlined today<\/a>, the wholly owned Russian subsidiary has signed an asset transfer agreement under which the local customer support business is to be sold for an unspecified amount. Schneider Electric is <a target=\"_blank\" href=\"https:\/\/www.theregister.com\/2022\/04\/28\/schneider_electric_to_sell_russian\/\" rel=\"noopener\">doing the same thing<\/a>.<\/p>\n<p>\u201cThe transaction includes a transfer of approximately 40 Ericsson employees, and certain assets and contracts related to the business,\u201d the company said in a statement.<\/p>\n<div aria-hidden=\"true\" class=\"adun\" data-pos=\"top\" data-raptor=\"condor\" data-xsm=\",fluid,mpu,\" data-sm=\",fluid,mpu,\" data-md=\",fluid,mpu,\">\n        <noscript><br \/>\n            <a href=\"https:\/\/pubads.g.doubleclick.net\/gampad\/jump?co=1&amp;iu=\/6978\/reg_onprem\/networks&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=2&amp;c=2Y5tHHUho-Vg550mY1n0A8QAAAE4&amp;t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0\" target=\"_blank\" rel=\"noopener\"><br \/>\n                <img decoding=\"async\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/pubads.g.doubleclick.net\/gampad\/ad?co=1&amp;iu=\/6978\/reg_onprem\/networks&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=2&amp;c=2Y5tHHUho-Vg550mY1n0A8QAAAE4&amp;t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0\" alt=\"\"\/><br \/>\n            <\/a><br \/>\n        <\/noscript>\n    <\/div>\n<p>The unit is purely involved in engaging and supporting Russian customers, and that \u201cdoes not involve the export of hardware, software, or related services to mobile operators in Russia\u201d.<\/p>\n<div aria-hidden=\"true\" class=\"adun\" data-pos=\"top\" data-raptor=\"falcon\" data-xmd=\",fluid,mpu,leaderboard,\" data-lg=\",fluid,mpu,leaderboard,\" data-xlg=\",fluid,billboard,superleaderboard,mpu,leaderboard,\" data-xxlg=\",fluid,billboard,superleaderboard,brandwidth,brandimpact,leaderboard,mpu,\">\n            <noscript><br \/>\n                <a href=\"https:\/\/pubads.g.doubleclick.net\/gampad\/jump?co=1&amp;iu=\/6978\/reg_onprem\/networks&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=4&amp;c=44Y5tHHUho-Vg550mY1n0A8QAAAE4&amp;t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0\" target=\"_blank\" rel=\"noopener\"><br \/>\n                    <img decoding=\"async\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/pubads.g.doubleclick.net\/gampad\/ad?co=1&amp;iu=\/6978\/reg_onprem\/networks&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=4&amp;c=44Y5tHHUho-Vg550mY1n0A8QAAAE4&amp;t=ct%3Dns%26unitnum%3D426raptor%3Dfalcon%26pos%3Dmid%26test%3D0\" alt=\"\"\/><br \/>\n                <\/a><br \/>\n            <\/noscript>\n        <\/div>\n<div class=\"adun_eagle_desktop_story_wrapper\">\n<div aria-hidden=\"true\" class=\"adun\" data-pos=\"mid\" data-raptor=\"eagle\" data-xxlg=\",mpu,dmpu,\">\n                <noscript><br \/>\n                    <a href=\"https:\/\/pubads.g.doubleclick.net\/gampad\/jump?co=1&amp;iu=\/6978\/reg_onprem\/networks&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=3&amp;c=33Y5tHHUho-Vg550mY1n0A8QAAAE4&amp;t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0\" target=\"_blank\" rel=\"noopener\"><br \/>\n                        <img decoding=\"async\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/pubads.g.doubleclick.net\/gampad\/ad?co=1&amp;iu=\/6978\/reg_onprem\/networks&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=3&amp;c=33Y5tHHUho-Vg550mY1n0A8QAAAE4&amp;t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0\" alt=\"\"\/><br \/>\n                    <\/a><br \/>\n                <\/noscript>\n            <\/div>\n<\/p><\/div>\n<p>The telecommunications giant stopped deliveries of kit and software to Russia in <a target=\"_blank\" href=\"https:\/\/www.theregister.com\/2022\/04\/11\/ericsson_pulls_out_of_russia\/\" rel=\"noopener\">late February<\/a> following the country\u2019s attack of Ukraine. The move, it said at the time, would cost 900 million Swedish crown (at the time $95.32 million) related to the impairment of assets and other exceptional costs. This did not include redundancies.<\/p>\n<p>Business in the pariah state included helping build a private 5G-ready network for industrial customers with Mobile TeleSystems Public Joint Stock Company, which is Russia\u2019s largest mobile comms provider. Ericsson also launched a 5G Innovation Hub in Moscow, and set up the Ericsson Academy, also in the capital, to provide local training.<\/p>\n<div aria-hidden=\"true\" class=\"adun\" data-pos=\"top\" data-raptor=\"falcon\" data-xsm=\",fluid,mpu,\" data-sm=\",fluid,mpu,\" data-md=\",fluid,mpu,\">\n            <noscript><br \/>\n                <a href=\"https:\/\/pubads.g.doubleclick.net\/gampad\/jump?co=1&amp;iu=\/6978\/reg_onprem\/networks&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=4&amp;c=44Y5tHHUho-Vg550mY1n0A8QAAAE4&amp;t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0\" target=\"_blank\" rel=\"noopener\"><br \/>\n                    <img decoding=\"async\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/pubads.g.doubleclick.net\/gampad\/ad?co=1&amp;iu=\/6978\/reg_onprem\/networks&amp;sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&amp;tile=4&amp;c=44Y5tHHUho-Vg550mY1n0A8QAAAE4&amp;t=ct%3Dns%26unitnum%3D426raptor%3Dfalcon%26pos%3Dmid%26test%3D0\" alt=\"\"\/><br \/>\n                <\/a><br \/>\n            <\/noscript>\n        <\/div>\n<p>Nokia also followed Ericsson <a target=\"_blank\" href=\"https:\/\/www.theregister.com\/2022\/04\/12\/finnish_network_kit_maker_nokia\/\" rel=\"noopener\">out of the door<\/a>, so to speak, seemingly leaving Russia mobile operators with only one choice of network kit \u2013 Huawei.<\/p>\n<p>However, Huawei was itself <a target=\"_blank\" rel=\"nofollow noopener\" href=\"https:\/\/www.silkroadbriefing.com\/news\/2022\/10\/31\/chinas-huawei-poised-to-exit-the-russia-market\/\">rumored in October<\/a> to be ending its direct presence in Russia from early next year, selling to Russian distributors via Chinese intermediaries. Huawei was reported to have closed its retail stores, and has stopped selling base stations for cellular comms.<\/p>\n<p>We have asked Huawei to comment on the veracity of this report and, if correct, why it has chosen this course of action.<\/p>\n<p>Ericsson concluded today: &#8220;Following Russia&#8217;s invasion in Ukraine, Ericsson announced the suspension of operations and deliveries to customers in Russia and an orderly wind-down in accordance with applicable sanctions. Approximately 400 Ericsson employees in Russia have been notified of layoffs and have been leaving the company as operations have been discontinued.<\/p>\n<p>&#8220;Going into 2023, Ericsson expects to have a small presence in Russia on a local basis. A legal entity owned by Ericsson will continue to be registered to complete the winddown and to fulfill legal, contractual, and administrative requirements,&#8221; it added. \u00ae<\/p>\n<\/p><\/div>\n<iframe data-lazy=\"true\" data-src=\"https:\/\/www.fiverr.com\/gig_widgets?id=U2FsdGVkX18x7XQvttUTrv1oEqmGNGTgvvCUiUoJ\/AP4z\/UyMz8lXGOLpu15jIMxBbTR0gmD5uBoFvhC4KWeALQRp3h\/X\/AwcVD0K8Wj9H\/ZzYKzcCNHosB9oS4SCJJFWiN85P9ICAc4OgCoE\/wHKIY7CDkf2\/DQ1vqGvk4smVe5cRDEmrLPCWi4FC8p40VUhSmWQ5udCm0zoJtorgWv3vbDQw0kKYkwn39ozAnQXDe+YvWMxkLFWA+O3TFwkJvdkIK+\/AUSnRssPKt5WHY0FhNOxnSPcLslEL4G4\/RfP95ve99U+kRnDy3X+KtzdQLY+u935ghON\/o3UE4IMv9oN6JX9RnxzL\/LRcOgnHigxStSGPKsZYtnz8RWNVT\/rOLAibqiWJadC5MYHRbekF3eg6FOGrQGkXYbsn0+a5aovnlLCbLwIqY9fcS17UX8J235iQ6cdmHNbrPeS84CMm34RA==&affiliate_id=1052423&strip_google_tagmanager=true\" loading=\"lazy\" data-with-title=\"true\" class=\"fiverr_nga_frame\" frameborder=\"0\" height=\"350\" width=\"100%\" referrerpolicy=\"no-referrer-when-downgrade\" data-mode=\"random_gigs\" onload=\" var frame = this; var script = document.createElement('script'); script.addEventListener('load', function() { window.FW_SDK.register(frame); }); script.setAttribute('src', 'https:\/\/www.fiverr.com\/gig_widgets\/sdk'); document.body.appendChild(script); \" ><\/iframe>\n<br \/><a href=\"https:\/\/go.theregister.com\/feed\/www.theregister.com\/2022\/12\/15\/ericsson_sells_russian_network_support\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Swedish network system maker Ericsson is the latest tech business to offload its remaining operations in Russia to local management, months after saying it was&#8230;<\/p>\n","protected":false},"author":1,"featured_media":23755,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-23754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech-universe"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ericsson sells Russian network support biz to local managers \u2022 The Register - mailinvest.blog<\/title>\n<meta name=\"description\" content=\"Technology is forever changing, and there are always new pieces of technology to replace obsolete ones. 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