Ericsson denies strategy change over Sony venture

23 Jan 2003

Continuing with the thread of handset and equipment manufacturers making the news, Sweden’s Ericsson has denied making a fresh announcement on its spending commitment for its handset joint venture with Sony of Japan, following a claim from the Dagens Industri newspaper that it is planning to invest between USD115 million and USD230 million in the company. A spokesman for Ericsson said that whilst the vendor planned to contribute some money, it had not come out with any new information since autumn 2002.