Ericsson completes Sony Ericsson's divestment

Ericsson has completed the previously announced divestment of its share of Sony Ericsson to Sony, including the broad IP cross-licensing agreement on Feburary 15, 2012.

With this the Swedish company has divested 50 percent stake in Sony Ericsson mobile communications (''Sony Ericsson''). This makes Sony Ericsson a wholly owned subsidiary of Sony.

The agreed cash consideration for the transaction is EUR 1.05 billion, and Ericsson's gain on the transaction will be approximately SEK 7.5 billion and will be reported in the first quarter result on April 25, 2012, as 'other operating income' in the income statement.