We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
78,678 News Articles

Ericsson reaches to Sony

Swedish mobile comms firm looks to the East

Mobile phone manufacturer Ericsson is in talks with Japanese electronics group Sony over a joint mobile phone venture.

Ericsson confirmed it is in negotiations but was not prepared to comment further.

If the deal is a success it could mark the beginning of a series of joint ventures between handset manufacturers in a bid to remain profitable in an increasingly turbulent market place.

Rumours of negotiations between Mitsubishi and Motorola have also been floating around but neither company was willing to comment.

Sony may just be the Swede's saviour after Ericsson announced late this week it would be cutting as many as 12,000 jobs after disappointing first quarter results reveled a 90 percent drop in sales on the same period last year.

Job cuts at Ericsson seem to be inflating all by themselves, as the bidding started at just over 2,000 only a couple of months ago.

Ericsson is currently in the process of outsourcing the production of its handsets to Singapore-based Flextronics.


IDG UK Sites

Top 5 Android tips and tricks for smartphones and tablets

IDG UK Sites

How to join Apple's OS X Beta Seed Program: Get OS X Yosemite on your Mac before public release

IDG UK Sites

Why the BBC iPlayer outage was caused by a DDoS attack: Topsy and Tim isn't *that* popular

IDG UK Sites

BBC using Glasgow 2014 Commonwealth Games to trial 4K/UHD, pan-around video, augmented video and...