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Ericsson winding down operations before leaving Russian market — CEO

Ericsson announced in late August that the company would wind down their operations in Russia

STOCKHOLM, October 20. /TASS/. Ericsson continues their gradual withdrawal from the Russian market and plans several more shipments by the end of the year, CEO of the Swedish telecom company Borje Ekholm said in an interview with Radio Sweden.

"We are making a careful exit from the market," the top manager said. "We have an export license for critical maintenance and software but the volume is very limited this quarter. There will be several more deliveries by the year’s end," Ekholm added.

Ericsson announced in late August that the company would wind down their operations in Russia.