Ericsson finalizes sale of its holdings in Ericsson Panda Mobile Terminals Co. Ltd

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Ericsson and Microcell S.A. have completed the transaction whereby Microcell takes over Ericsson's majority holdings in the former joint venture Ericsson Panda Mobile Terminals Co. Ltd. in Nanjing, China. The restructuring will enable Ericsson to streamline its production facilities and enable a more efficient utilization of resources through only one facility focusing on the mobile phone manufacturing in Beijing, China.