Ericsson, the Swedish telecomms solutions provider, has announced that it will sell all its shares in the mobile operating system Symbian to Nokia.

The Swedes will receive a undisclosed amount of cash for selling its 15.6% stake. This is not surprising as they were not generating much profit. "As Ericsson no longer manufactures mobile phones the shareholding in the company is not strategic for Ericsson," Ericsson official said.