Eventually, on April 1, 1998, General Electric used a bail-out sell clause in the contract with Ericsson and sold the remaining 20% of the joint venture back to Ericsson, who thereby became the sole owner of the company.

In 1994 mobile telephony made up 85% of the activities in the Ericsson business unit for Radio Systems and this business unit increased its billing for activities including systems (base stations) and terminals (handsets) with 73%.

Mobile telephony was now regarded a core

1.Previous
3.Next