Japan’s Sony and Sweden’s Ericsson are preparing for the possibility of having to secure new financing at Sony Ericsson, their troubled joint venture that manufactures mobile phones. Sony and Ericsson are considering a capital injection, or acting as guarantors on a loan for Sony Ericsson, to strengthen the joint venture’s balance sheet. Carl-Henric Svanberg, Ericsson’s CEO, said a capital injection for Sony Ericsson was “not unlikely”.

This entry was posted by Gwen Robinson on Thursday, May 7th, 2009 at 5:11 and is filed under Capital markets, People. Tagged with ericsson, Sony Ericsson. Edit this entry.