Financial Times FT.com

Sony Ericsson faces balance sheet rescue

By Andrew Parker in London and Andrew Edgecliffe-Johnson in New York

Published: May 6 2009 22:54 | Last updated: May 6 2009 22:54

Japan’s Sony and Sweden’s Ericsson are preparing for the possibility of having to secure new financing at Sony Ericsson, their troubled joint venture that manufactures mobile phones.

Sony and Ericsson are considering a capital injection, or acting as guarantors on a loan for Sony Ericsson, to strengthen the joint venture’s balance sheet.

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