Home › News ›

Sony to Buy Ericsson Out of Joint Venture for $1.47B

Article Comments

Oct 27, 2011, 4:00 AM by Eric M. Zeman

Sony today announced that it is going to purchase Ericsson's share of the two companies' Sony Ericsson cell phone joint venture for $1.47 billion. Once the purchase is complete, Sony Ericsson will become a wholly-owned subsidiary of Sony, which intends to integrate the handset division into its other consumer electronics products. As part of the deal, Sony gains five essential patent families related to wireless technology, and also struck a cross-licensing agreement with Ericsson concerning other, non-essential patents. The transaction has been approved by the boards of both companies, and is expected to close in January 2012, pending regulatory review. The joint venture originally launched in October 2001.

Related

AT&T Spins Off Media Biz

May 17, 2021
AT&T is shedding its WarnerMedia division, which includes HBO, CNN, DC Comics, Warner Brothers, TBS, TNT, and Cartoon Network. In a complex deal, WarnerMedia will leave AT&T and merge with Discovery, Inc., to form a new media company.

Verizon Signs $8.3 Billion Deal to Expand 5G Network

Jul 16, 2021
Verizon has entered into a multi-year, $8.3 billion deal with Ericsson to expand Verizon's 5G network. The deal covers new mid-band coverage in the C band, as well as continued build-out of existing low-band and mmWave networks.

Snapdragon 8 Gen 3 Can Run Generative AI Voice Assistant On-Device

Oct 24, 2023
Qualcomm has taken the wraps off its new flagship chip for phones: the Snapdragon 8 Gen 3. Unsurprisingly, AI is the emphasis among the new features and performance gains.

Dish Turns to AT&T as New MVNO Partner

Jul 19, 2021
Dish has struck a 10-year deal to use AT&T's network to provide service for Dish's mobile customers. Dish's mobile brands include Boost Mobile, Ting, and Republic Wireless.

T-Mobile Details Plans to Keep its Lead in Mid-Band 5G Through 2023

Dec 1, 2021
T-Mobile recently announced that its mid-band 5G network now covers over 200 million people, a threshold that the industry acknowledges as "nationwide" coverage. (Mid-band 5G offers an ideal balance of fast data speeds and broad coverage compared to 5G in other bands.) In an interview with Phone Scoop, T-Mobile executives detailed how they plan to maintain the company's lead in mid-band 5G even as Verizon and AT&T launch mid-band 5G early next year.

more news about:

Comments

This forum is closed.

This forum is closed.

No messages

Page 1 of 1