The maintenance contract is said to be with Servus, which may also purchase Ericsson’s property portfolio.
Ericsson finance director said to the Financial Times that Ericsson had decided to sell all its properties as part of a focus on core business.
BT also announced plans to sell its head office earlier this year as part of a restructuring plan. It seems as if the trend of liquidating real estate is set to spread and grow as companies cut back.
Last year we divested our real estate in Sweden. The objective this year is to divest everything outside Sweden. This is not core for us, Mr Fornell added.
He concluded by saying that: This is not about freeing up the maximum amount of capital only to get tied up in inflexible contracts going forward.
