Tuesday, 19 February 2019

Sony targets US smartphone market after Ericsson sells out of handset JV

By Nick Wood, Total Telecom
Thursday 27 October 11

Ericsson chief Vestberg insists both companies will continue to work closely together after €1.05 billion deal closes.

Sony chief executive Howard Stringer on Thursday said he aims to build up the consumer tech giant's presence in the U.S. smartphone market following its €1.05 billion acquisition of Ericsson's 50% stake in the companies' mobile handset joint venture Sony Ericsson. "We haven't had a relationship with the U.S. operators," he admitted at a joint press conference with Ericsson in London. "That will change…

Sony chief executive Howard Stringer on Thursday said he aims to build up the consumer tech giant's presence in the U.S. smartphone market following its €1.05 billion acquisition of Ericsson's 50% stake in the companies' mobile handset joint venture Sony Ericsson. "We haven't had a relationship with the U.S. operators," he admitted at a joint press conference with Ericsson in London. "That will change…

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