Ericsson signs deal, boosts cash flow by $750 million
Ericsson signed a sale-lease-back deal for software-testing equipment at test plant sites in Sweden and the U.S., which is expected to boost the company’s cash flow by $750 million.
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The sale-lease-back facility is the latest in a series of deals announced this month by the company’s electronics group. The transaction will be effective by the end of the year.
Last week Ericsson said it had sold a property in central London to BP for $169.4 million. Other disposals announced recently by Ericsson include real estate in Sweden for an estimated $47 million to $141 million and hardware to Compaq Computer worth $140 million.
--Kelly Carroll, staff writer
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© 2012 Penton Media Inc.
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