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ERIC Ericsson

5.02
-0.13 (-2.52%)
01 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Ericsson NASDAQ:ERIC NASDAQ Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.13 -2.52% 5.02 5.03 5.09 5.12 5.02 5.08 11,216,316 00:21:11

Indian Court Halts Imports of Xiaomi Smartphones

11/12/2014 6:56am

Dow Jones News


Ericsson (NASDAQ:ERIC)
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By R. Jai Krishna 

NEW DELHI--An Indian court has halted the imports of handsets from China's largest smartphone maker, Xiaomi Inc., in response to a complaint from Sweden's Ericsson that the Chinese firm was using Ericsson's technology but refusing to pay royalties.

The High Court of Delhi said Xiaomi products wouldn't be allowed into India and Xiaomi's main distributor, online retailer Flipkart, wouldn't be allowed to sell Xiaomi products as the court waits to hear Ericsson's complaint.

Court documents showed that the next hearing on the case is scheduled for Feb. 5.

Gillian Wong contributed to this article.

Write to R. Jai Krishna at krishna.jai@wsj.com

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