Sony and Ericsson set to merge

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Sony Corporation and Telefonaktiebolaget LM Ericsson are due to merge their mobile phone businesses globally, as soon as the approval of the two companies' has been fully confirmed at Board level, and dependent on the approval of the relevant regulatory bodies.

It is planned that the new, joint company - Sony Ericsson Mobile Communications - will be launched on October 1, 2001. The global headquarters of the company will be based in London.

www.ericsson.com
www.sony.com

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