Company Ericsson has no intention to sell its stake in joint venture Sony Ericsson, Electronista reports with reference to the representative of Ericsson.
Swedish company Ericsson in a joint venture Sony Ericsson owns half the shares. The other half owned by Japan's Sony.
At the end of last week, it was reported that Ericsson plans to sell its stake in the company Sony Ericsson. The buyer was supposed to be Sony, which reportedly has been negotiating with banks for a loan to buy share of Ericsson.
Currently, Sony Ericsson is the fifth volume manufacturer of cell phones. In 2008, the company had issued 96.6 million phones.
In the first quarter of this year, representatives from Sony Ericsson expect a sharp fall in demand for telephones. For more than 22 million vehicles sold during the first three months of 2008, the company expects to realize only 14 million cell phones.
Anticipated losses Sony Ericsson in the first quarter of 2009 range from 340 to 390 million euros. A year ago, the company's quarterly profit amounted to 133 million euros.
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