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[sharechat] Yahoo! Finance Story - Yahoo - Ericsson talking to operators about Microsoft jv

From:	Yahoo! Finance <refertofriend@reply.yahoo.com>
Date:	Mon, 11 Sep 2000 22:39:57 +1200

Title: Yahoo - Ericsson talking to operators about Microsoft jv

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Yahoo - Ericsson talking to operators about Microsoft jv
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Monday September 11, 6:13 am Eastern Time

Ericsson talking to operators about Microsoft jv

STOCKHOLM, Sept 11 (Reuters) - Swedish telecoms supplier LM Ericsson said a joint venture in mobile e-mail services with U.S. software group Microsoft (NasdaqNM:MSFT - news) was expected to take a sizeable share of the mobile Internet market.

Ericsson and Microsoft Corp said earlier they had formally launched the mobile e-mail services joint venture, almost a year after first announcing the idea. The new unit, called Ericsson Microsoft Mobile Venture AB, will be 70 percent owned by Ericsson and 30 percent by Microsoft and have its headquarters in Stockholm.

Ulf Avrin, the joint unit's president, said at a news conference it would have a positive effect on Ericsson's results.

Avrin said he was talking to mobile operators in the United States, Britain, Germany, the Netherlands and Scandinavia about the joint company's products.

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