Ericsson unit to absorb Microsoft venture
C|Net | at | by Mike
Swedish telecom equipment maker Ericsson said Thursday that it would integrate its joint venture with Microsoft into its global services unit to allow it to grow more easily to meet strong product demand. Earlier Thursday Ericsson, the handset supplier and producer of mobile networks, denied a newspaper report that its partnership with Microsoft could collapse. "We continue the cooperation, but we change the legal framework for it," Ericsson spokeswoman Ase Lindskog said. "The company will now be merged into Ericsson's systems integration business, which is part of the Global Services division," she said.