Ericsson to sell unit to Com-Net

Ericsson Inc, the US subsidiary of L.M. Ericsson Telephone Co., plans to sell its private radio systems operations to Pittsburgh, Pennsylvania-based Com-Net Communications, for an undisclosed price.

Com-Net, a provider of radio network solutions for the public safety service market, will acquire the Virginia-based division of the Swedish communications giant, Ericsson said in a statement released late last week.

Ericsson could not immediately be reached for comment, and L.M. Ericsson Telephone declined to release further financial details of the transaction.

The private radio division's digital access communications systems are used by over 450 public safety, utility, industrial, commercial and government organisations worldwide, ranging from the Kremlin to Denver International Airport, Ericsson said.

The sale of the division is part of Ericsson's strategy to concentrate on the convergence of mobility and Internet communications, the company said. Ericsson will, however, maintain a stake in the new company.

The new company, to be called Com-Net Ericsson Critical Radio Systems, will continue with existing customer commitments, and continue to serve the global market.

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