Posts Tagged ‘Ericsson’
Ericsson to build and manage advanced fiber city network for Swedish municipality
Ericsson (NASDAQ:ERIC) has signed a contract to further develop and manage an operator-neutral city network in Hudiksvall, Sweden. It is the first time Ericsson has taken on both expansion and operation of a city network. Hudiksvall’s existing fiber-optic system has made the city a center of global research and science studies.
The city network is the foundation for an innovative communications environment that Hudiksvall is building to promote economic growth. The open-network broadband solution allows residents to select services from an internet service provider of their choice. Residents will be able to select individualized, high-speed broadband services, such as high-definition IPTV and video-on-demand.
„The cooperation with Ericsson enables us to continue expanding the fiber-optic network and this project represents a major investment by Hudiksvall Municipality. The longstanding cooperation will also strengthen the development of qualified higher educational programs and R&D within the field of fiber optics and take our efforts to the next level”, says Sven-Åke Thoresen, Mayor of Hudiksvall.
„Ericsson is taking the next step in delivering next-generation city network for competitive IT infrastructure solutions for open networks. Open networks provide municipalities, and their residents, with economies of scale and the highest level of services. We are proud to be selected as the partner for Hudiksvall”, says Mikael Bäckström, President of Ericsson Nordic and Baltics.
Ericsson will manage the network for Zitius, the open-access network operator, until 2016. Under the agreement, Ericsson will supply and deploy EDA 1200 fiber-access switches and metro aggregation, as well as SmartEdge Multi-Service Edge Routers and core network products. Starting this month, Ericsson will roll out fiber connections to individual homes.
Ericsson and WWF Sweden partner to promote climate-positive solutions to reduce global CO2 emissions
Ericsson and WWF Sweden partner to promote climate-positive solutions to reduce global CO2 emissions
Ericsson (NASDAQ:ERIC) and the World Wide Fund for Nature (WWF) Sweden today announced a partnership aimed to encourage the smart use of telecom solutions across industries to reduce global CO2 emissions. To achieve this, they will work together to promote climate-smart telecom solutions, and introduce the concept of being „climate-positive” to solution-driven companies in the ICT sector.
The partnership covers three key areas: a methodology for calculating CO2 savings from emission avoidance; the integration of low-carbon telecommunication solutions in climate strategies for cities; and a support platform for partnerships that promote a low-carbon economy.
Elaine Weidman, Vice President, Sustainability and Corporate Responsibility, Ericsson, says: „Society faces a huge challenge to drastically reduce CO2 emissions by 2050, while the world economy will as much as triple. Ericsson has a vision of using telecommunications to foster a more carbon-lean society, and we would like to see ICT and telecom on the agenda for the global climate negotiations in Copenhagen later this year, as a viable means of helping policy makers and governments when it comes to reaching their carbon emission targets. The opportunities for broadband to dematerialize and streamline the economy are almost unlimited.”
While the information and communications technology (ICT) industry is responsible for approximately 2 percent of global CO2 emissions, Ericsson and WWF Sweden believe it has the potential to help reduce more than 15 percent of the remaining 98 percent emitted by non-ICT industries and the public. The partnership aims to encourage other sectors, such as transport, buildings and energy, to better utilize ICT infrastructure and thereby reduce overall CO2 emissions.
Ericsson and WWF Sweden estimate that smart use of broadband-enabled services can reduce CO2 emissions by a factor of 10-100, i.e. the use of a telecom service that emits 1kg of CO2 may enable a reduction of 10-100kg of CO2. Fixed and mobile broadband can play a leading role in improving basic services while reducing CO2 emissions – both by replacing physical products with services and by helping society to use resources more efficiently – and can accelerate the shift from physical to virtual infrastructure and services.
Ericsson and WWF Sweden will explore how to measure how an ICT company can help reduce significant amounts of CO2 in society with low carbon ICT solutions, thereby becoming „climate positive”, i.e. the use of a company’s solutions are promoted and used in a way that result in much greater CO2 reductions than the company’s internal emissions.
Dennis Pamlin, Global Policy Advisor at WWF Sweden, says: „This partnership is an example of how innovative climate work in the 21st century can look. Together with Ericsson, we can approach the need for reduced emissions as an opportunity, and the urgency for rapid reductions as a driver for innovation and profit. This is especially important in this economic crisis when significant resources are being allocated into infrastructure investments. During the coming months we will explore and promote the use of innovative carbon-lean solutions which can help businesses, industries and governments reduce their carbon emissions and shape a low-carbon economy.”
Rapid urbanization and related investments mean that cities can turn the need to reduce CO2 emissions into a driver for smart and carbon lean development. The 21st century infrastructure that ICT has created opens up opportunities for investments in smart solutions that can deliver basic services, such as transport, heating, cooling and lighting in resource efficient ways that contribute to sustainable development for the world’s population.
Intelligent transport and communication systems are an example of how emissions can be reduced through a linked network of people, roads and vehicles, which support teleworking, dematerialization and, communicate road descriptions, guides and traffic information. Research conducted by Ericsson shows that introducing telemedicine applications can reduce travel for hospital consultations by up to 50 percent. Ericsson’s Smart Grid solutions help utilities and households to better regulate energy use, and Ericson’s Connected Home allows for monitoring and automating energy consumption, lighting and surveillance.
This partnership builds on seven years of interaction between WWF Sweden and Ericsson. Over the next six months, the partnership will focus on intensified effort to get ICT on the global policy agenda for the upcoming climate negotiations in Copenhagen later this year.
Ericsson connects India’s homes with high-speed fiber for the first time
Ericsson (NASDAQ: ERIC) fiber technology is connecting homes in India for the first time to a breadth of high-end data, TV and communications services. A milestone agreement with one of India’s leading in-building management solution companies is the first step in bringing high-speed connectivity to millions of homes in this rapidly flourishing nation.
In a 3000-unit complex near New Delhi residents are enjoying personalized IPTV in high-definition, video-on-demand and other advanced entertainment services. They can download data content at 100Mbps and access Wi-Fi in the complex’s common areas and gardens. Automated lighting, electricity bill payment and security services are also being made possible with Ericsson’s high-speed fiber access solution, including Gigabit Passive Optical Network (GPON). Ericsson’s broadband access network is an open network solution enabling residents to select services from an internet service provider of their choice.
Demand for broadband services is quickly growing in India’s dynamic market, and Gowton Achaibar, President, Ericsson India and Sri Lanka, predicts that adoption of Fiber-to-the-Home (FTTH) technology will be dramatic.
„Real estate developers and property management companies realize that high-speed broadband access in the home is a value-added differentiator,” Achaibar says. „Gratifying user experience, greater convenience and a large and rapidly growing telecom market are all pointers to the immense potential of GPON in India.”
The contract with property management services provider Radius Synergies is the first such agreement for Ericsson with a customer in India’s real estate sector. AK Singh, Chairman and Managing Director of Radius Synergies, says: „This is a great achievement and a significant development for India’s economy, and it would not have been possible without Ericsson’s platform expertise and solution-driven approach. Ericsson’s solution enables us to cost-effectively offer residents a superior communications experience.”
The end-to-end fiber access solution from Ericsson includes EDA 1500 GPON system, which offers the highest capacity on the market, as well as Micronet and Ribbonet air-blown fiber and microcable solutions. The contract also covers implementation, systems integration, consulting, training and support services for Radius synergies.
The GPON network enables converged services for consumers, allowing for a range of operator offerings – including voice, data and video, as well as services such as connected-home activation, security and lighting control – delivered over Ericsson’s deep fiber access network.
Ericsson resolves on an offer for C shares for LTV 2009
In accordance with the resolution by the Annual General Meeting 2009, Ericsson (NASDAQ:ERIC) expands its treasury stock in order to provide shares for the Long-Term Variable Compensation Program (LTV) 2009 for employees in Ericsson.
The Board of Directors of Ericsson has resolved, by virtue of an authorization given by the Annual General Meeting on April 22, 2009, to direct an offer to all holders of C shares to acquire these shares. Acquisition shall be made during the period 11 – 22 May, 2009. Payment for acquired shares shall be made in cash with SEK 5.0024 per share.
The offer is part of the financing of Ericsson’s Long-Term Variable Compensation Program 2009 and includes all 27 000 000 C shares which Ericsson has previously decided to issue to AB Industrivärden and Investor AB, for the program. AB Industrivärden and Investor AB have informed Ericsson that they intend to accept the offer.
Once all 27 000 000 C shares have been acquired by Ericsson, the Board intends to convert them to B shares. After the conversion, the number of B shares in issue will amount to 3 011 595 752. Ericsson currently holds 58 774 656 shares as treasury stock.
Carl-Henric Svanberg states telecommunications’ role in society will grow towards 2050
Today at Ericsson’s (NASDAQ:ERIC) Capital Markets Day in Boston, US, President and CEO, Carl-Henric Svanberg spoke about Ericsson’s position, opportunities during and after current economic crises and about telecommunications going forward. Telecom will play a role in transforming society until 2050, with broadband being society’s new highways and telecom contributing to sustainable society.
„Today broadband is at the turning point with infrastructure already widely available worldwide. However, we have not realized the full impact and potential that it will bring to society. Over the next 20 to 30 years, it will stimulate innovation across society and will lead to the deployment of completely new solutions,” Svanberg said.
Svanberg also addressed how well the company is prepared for current market challenges and opportunities by focusing on business growth and advancing solution in strategic markets, including the US, India, China and Japan. He reminded those present about Ericsson’s early introduction of cost-reduction programs to safeguard its leading position. Svanberg reaffirmed Ericsson’s support for its two joint ventures, which are undergoing substantial cost adjustments to meet a weaker handset market and which are sharpening their portfolios.
Sony Ericsson’s President, Dick Komiyama, and ST-Ericsson’s CEO, Alain Dutheil, also participated as speakers.
Komiyama said: „Despite the challenging economic environment, I am certain that Sony Ericsson will turn its business around and once again be an industry leader. In the past 12 months, we have taken many actions to streamline the organization and adapt to the new business reality. We are looking forward to exciting the market with new products and services in the months ahead.”
Dutheil said: „We created a new, exciting industry leader in wireless platforms and semiconductors only two months ago, being the first to consolidate in our industry in a challenging economic climate. We acted quickly to further strengthen our positioning with customers and our solutions portfolio, while putting in place short-term plans to create a sustainable base for our operations and our long term success.”
Ericsson had the honor of welcoming Tony Malone, Senior Vice President and Chief Technology Officer, Verizon Wireless, as a speaker at the Capital Markets Day.
The management team emphasized network transformation to all-IP and the importance of Ericsson’s presence in Silicon Valley, Ericsson’s further strengthened position in services, and the growing multimedia business.
Other featured Ericsson speakers at the Capital Markets Day included Hans Vestberg, Executive Vice President and Chief Financial Officer; Håkan Eriksson, Senior Vice President and Chief Technology Officer; Johan Wibergh, Senior Vice President, Head of Business Unit Networks; Bert Nordberg, Executive Vice President and Chairman of Redback and Entrisphere; Jan Frykhammar, Senior Vice President, Head of Business Unit Global Services; and Jan Wäreby, Senior Vice President and Head of Business Unit Multimedia
Ericsson again named as “Greenest” in China
Ericsson (NASDAQ:ERIC) received recognition for its continuous efforts and was awarded the title of “China Green Company” for the second consecutive year. The award is one of the most respected in China and is jointly organized by Daonong Enterprise Institute, Guanghua School of Management and Beijing University, with China Entrepreneur Magazine and Sina.com as strategic partners.
Environmental protection has become an irreversible trend and need in China. Ericsson has been delivering innovative and green mobile solutions to support sustainable social, economic and environmental development in China and was granted the “2008 China Green Benchmark Company” Award at a ceremony as part of the Second Annual Summit of China Green Companies on April 23, 2009 in Beijing, the second time Ericsson has won the award since its inception in 2007.
Mats H Olsson, President of Ericsson Greater China, says: „We are proud of being honored with this title for a second consecutive time. Ericsson has always spared no efforts in driving China’s harmonious and sustainable development through our green mobile communication technologies. We will provide more efficient and cost-effective green solutions to our customers to create more significant social, economic and environmental benefits for the Chinese operators.”
In 2008, to implement the Memorandum of Understanding on Strategic Cooperation over the “Green Initiative” signed between the two parties, Ericsson provided China Mobile for the first time with the power-saving feature for base stations that allows the network to enter standby mode during the non-peak periods to help China Mobile cut down on the energy consumption of its network, therefore making active contribution to CO2 emission reduction. The function, once applied in all operators’ networks in which Ericsson’s GSM base stations are installed, can help reduce CO2 emissions by 1 million tons annually. Ericsson also launched the concept of its wind-powered Tower Tube last year, which was given the 2008 Wall Street Journal Technology Innovation Award, enabling the “good attempt at making cell towers less obtrusive” to take a great stride along the path of energy-saving, and therefore assisting areas lack of power supply to achieve the objective of “communication for all” with sustainable and low-cost solutions.
Ericsson believes that mobile communication is not only the engine to achieve basic communication, but also the basis for providing impoverished areas with medical, education, small enterprise startup and security services. To this end, Ericsson signed a three-year partnership agreement with the United Nations Development Programme (UNDP) in 2008. Under this agreement, Ericsson and the UNDP will work together to explore how to improve the medical and healthcare, government, education and financial services in rural China and raise the living standards of low-income rural areas using mobile phones and the internet.
ABOUT ERICSSON
Ericsson is the world’s leading provider of technology and services to telecom operators. The market leader in 2G and 3G mobile technologies, Ericsson supplies communications services and manages networks that serve more than 250 million subscribers. The company’s portfolio comprises mobile and fixed network infrastructure, and broadband and multimedia solutions for operators, enterprises and developers. The Sony Ericsson joint venture provides consumers with feature-rich personal mobile devices.
Ericsson is advancing its vision of ‚communication for all’ through innovation, technology, and sustainable business solutions. Working in 175 countries, more than 70,000 employees generated revenue of USD 27 billion (SEK 209 billion) in 2008. Founded in 1876 and headquartered in Stockholm, Sweden, Ericsson is listed on OMX Nordic Exchange Stockholm and NASDAQ.
For more information, http://www.ericsson.com or http://www.ericsson.mobi.
Ericsson (SE) – Ericsson reports first quarter results
Ericsson reports first quarter results
Sales SEK 49.6 (44.2) b, up 5% for comparable units in constant currencies
Operating income 1) before joint ventures SEK 4.7 (3.4) b
Operating margin 1) before joint ventures 9.5% (7.6%)
Share in earnings from joint ventures SEK -2.2 (0.9) b
Income after financial items 1) SEK 3.3 (4.5) b
Restructuring charges SEK 0.7 (0.8) b, excluding joint ventures
Net income SEK 1.8 (2.6) b
Earnings per share SEK 0.54 (0.83)
Cash flow 2) 3) SEK -1.7 (2.8) b, including SEK 1.5 b pension trusts payment
1) Excluding restructuring charges.
2) Excluding cash outlays for restructuring of SEK 1.2 (0.3) b
3) Excluding dividend from Sony Ericsson of SEK 0.0 (2.2) b
CEO COMMENTS
„We have started the year with good growth ahead of the market and a positive margin trend but with a weaker cash flow,” said Carl-Henric Svanberg, President and CEO of Ericsson (NASDAQ:ERIC). „Sales of network infrastructure are stable and the demand for professional services is growing. We have won several strategic contracts during the quarter, including 3G for China Unicom, 4G for Verizon Wireless and managed services for Vodafone UK.
The effects of the global economic recession on the global mobile network market are so far limited. We have seen operators, in a few markets where local currencies have depreciated dramatically, postpone investments. Some operators are also more cautious with longer-term investments in fixed networks, such as rollout of fiber networks. Most operators, however, have healthy financial positions, there is a strong traffic growth and the networks are fairly loaded.
It remains difficult to more precisely predict how operators will act in the current environment. However, investments in wireless networks largely continues, and rollouts of new networks and new technologies accelerate in markets such as the US, China and India. Telecom plays a critical role for growth and development of societies, and fixed and mobile broadband rollouts are now on political agendas in most countries.
Our cost reduction activities are running according to plan, targeting annual savings of SEK 10 b. from the second half of 2010. With our business mix, worldwide presence and early decision to cut costs, we are well positioned to strengthen our leadership in the present turbulent economic environment.
Our joint ventures, Sony Ericsson and ST-Ericsson, are affected by the economic downturn and the dramatic decline in consumer demand for handsets. Extensive programs to reduce costs are ongoing to adjust to the current market environment and restore profitability,” concluded Carl-Henric Svanberg.
ST-Ericsson reports financial results[1] for its first two months of operation
50/50 joint venture between Ericsson and STMicroelectronics started operations on February 2nd 2009, creating a new wireless-semiconductor industry leader
Net sales $391 million
Operating loss $98 million
$230 million of annualized savings expected from a new program of resources and operations re-alignment to reflect outcome of the integration as well as current unfavorable business environment
Continuous focus on innovation and strengthening of strategic partnerships with customers since the launch of the company in February 2009
Geneva – Switzerland -April 29, 2009 – ST-Ericsson, a joint venture of STMicroelectronics (NYSE: STM) and Ericsson (NASDAQ:ERIC), reported financial results for its first two months of operation from February 2nd 2009.
President and CEO Alain Dutheil commented: „Our sales development in the quarter reflects the broad-based economic downturn that has led to weaker consumer demand for handsets and put pressure on the overall wireless semiconductor industry.
Even in such a challenging climate, during the first quarter of 2009 we confirmed our number two position in the market, we renewed our focus on innovation and we strengthened our partnership with key customers.
We were the first to consolidate in our industry, creating a new global leader in wireless platforms and semiconductors, and we are currently executing on an alignment of our operations that will allow us to shape the long term success of the company, while creating a sustainable cost structure for the short and medium term.
A more efficient and integrated product strategy, based on the future convergence of our 3G roadmap and on our continued commitment on 2G/EDGE and connectivity, as well as a strong focus on next generation access technologies, will help us achieve our short and long term objectives and continue to offer our customers a complete and innovative portfolio of solutions.”
FINANCIAL HIGHLIGHTS
First Quarter 2009 actual (Feb 2 – March 28 2009)
$ millionsFeb – March 2009
Income Statement
NET SALES391
OPERATING INCOME/(LOSS) (98) [2]
NET INCOME/(LOSS)(89)
Net sales in the two months of operations reflected the economic downturn that led to weaker consumer demand especially in Europe, mainly in the feature phones segment, reinforced by overall inventory reduction in the handset supply chain.
The operating loss of $98 million was a consequence both of the level of sales and of price pressure on margins, partially offset by already planned reductions in operating expenses related to the cost synergies program previously announced by ST-NXP Wireless in November 2008. Net cash [3] was $358 million at the end of Q109.
Alignment of operations and resources
A restructuring plan is being launched for immediate execution and is due to be completed by the second quarter of 2010. This plan is incremental to the $250 million cost synergies program announced by ST-NXP Wireless in November 2008.
Annualized savings of the new restructuring plan are expected to be approximately $230 million upon completion. Restructuring costs are estimated in the range of $70 – 90 million, of which the majority is expected to be recorded during the second quarter of 2009.
The main assumptions of the restructuring plan are: a re-alignment of product roadmaps to create a more agile and cost efficient R&D organization; and a reduction in workforce of 1,200 worldwide to reflect further integration activities following the merger, lower sales volumes and limited visibility on the timing of market recovery.
Market evolution
„In view of the continued uncertainty of the global economy and in accordance with published industry forecasts, we see a continued challenging 2009 for our industry” said Alain Dutheil. „However, we believe that the destocking phase is substantially over, even if we have yet to see signs of a broad-based pick-up of demand in our industry”.
Q1 2009 Highlights- Products, Technology and Wins
In February 2009 the company announced its cooperation with Nokia to provide a Next-Generation Smartphone Platform for Symbian Foundation, with a reference platform based on ST-Ericsson’s U8500 single chip.
Also in February the company announced its collaboration with ARM to demonstrate the world’s first Symmetric Multi Processing mobile platform technology running on Symbian OS.
In March, the company launched fully integrated single-chip solutions for feature-rich, low-cost handsets. ST-Ericsson’s 4910 and 4908 EDGE platforms combine the industry’s highest level of integration and cost-efficiency, with both digital and analog basebands, RF transceiver and power management unit (PMU) in a single chip.
A next-generation mobile audio digital-to-analog converter (DAC) for the mobile music market was also launched. ST-Ericsson’s STw5211 further extends the company’s wide portfolio of audio solutions with enhanced performance.
PRO-FORMA INFORMATION[4]
Q1 09
Pro-formaQ4 08
Pro-formaQ3 08
Pro-formaQ2 08
Pro-formaQ1 08
Pro-forma
NET SALES5627461,003966862
OPERATING INCOME/ (LOSS)(179)(127)(59)(94)(121)
Ericsson and MobiCom bring mobile broadband to Mongolia
Mongolian operator MobiCom has launched the first high-speed mobile broadband network in the country, powered by HSPA technology from Ericsson (NASDAQ:ERIC). The launch enables MobiCom to introduce mobile broadband services to its subscribers across Mongolia, starting in the capital Ulaanbaatar where about 40 percent of the country’s 3 million inhabitants live.
Ericsson’s leading HSPA technology provides fast data-transmission speeds, boosts network capacity and lowers response times for interactive services. The new HSPA-enabled network will allow MobiCom to offer a range of new services, such as high-speed mobile internet access, video telephony, multimedia messaging (MMS) and other innovative multimedia services related to e-health and e-commerce.
Under the contract, Ericsson is the sole supplier of the WCDMA/HSPA radio access network. It is also responsible for network deployment and a wide range of professional services, including systems integration of MobiCom’s multi-vendor network, support and competence development.
Bolor Dorjnamjil, CEO of MobiCom Corporataion LLC, says: „This launch reflects MobiCom’s continuous commitment to offering its subscribers the latest services and applications. MobiCom was the first operator to introduce mobile services in Mongolia and is now launching the country’s first mobile broadband services. Ericsson’s experience in 2G-3G network deployments and extensive support capacity make it the ideal partner for this project.”
Jan Campbell, Head of Easter Europe and Central Asia, at Ericsson, says: „It is a great honor to be MobiCom’s partner for this milestone launch of the first 3G network in the country. We are confident that mobile broadband services will further facilitate the development of world-class communications in Mongolia for the benefit of its people.”
Ericsson’s cooperation with MobiCom started in 2004 and includes contracts for GSM radio access and transmission.
Ericsson CEO tells annual shareholders meeting Ericsson stronger than ever
Ericsson (NASDAQ:ERIC) has grown faster than the market every year since 2003 with an annual growth rate of 12 percent. Telecommunications plays a more important role in improving society and in creating a sustainable and better world, Ericsson’s CEO and President Carl-Henric Svanberg told shareholders.
In the last six years, Ericsson has built the world-leading position within mobile networks and services. In 2003, Ericsson’s turnover was projected by opinion formers to grow from SEK 117 billion to SEK 130 billion by 2008. In fact, in 2008, Ericsson had a turnover of SEK 209 billion and sales of almost SEK 1 billion per working day.
„We are in the process of building the new IP networks and bringing together today’s fixed and mobile networks,” said Svanberg. „We’re debt-free and by the end of the year we had net cash of SEK 35 billion. We have basically no customer financing and extensive cost reduction activities in place. We are market leaders and at the forefront of technological development. The world is experiencing turbulent times, but Ericsson is strong.”
Four billion people have mobile telephony today, but not even 10 percent have mobile broadband. In many parts of the world, the expansion of telecommunications is top of the political agenda. In the US, broadband expansion has been included in the recent stimulus package and in China the biggest telecommunication expansion projects the world has ever seen are underway.
„Mobile broadband is creating opportunities for people to gain access to development and a better life, even in the poorest countries,” Svanberg said. „We’re now building mobile networks in the UN’s Millennium Villages, where the poorest of the poor live. We can already see the huge importance the networks are having on development and that this is good business for operators even in these parts of Africa.”
The world economy is expected to increase threefold by 2050. At the same time, governments have a target to reduce carbon-dioxide emissions by up to 50 percent during the same period.
„Telecommunications is fundamental to sustainable development,” said Svanberg. „To meet our climate targets, we must build a more intelligent society with smarter electricity grids, smarter buildings, offices and transport. We must also find new ways of working. The IT and telecom industries are offering the requirements that are considered able to contribute to reducing carbon-dioxide emissions by 15 to 20 percent. We have a major responsibility. At the same time, there are huge business possibilities here because the challenge that the world faces will demand major investments in technology and telecommunication.
„My confidence about the future is based on communication not just being a basic human need; it is playing an increasingly large role in the development of society. At Ericsson, we will go on working for sustainable development and a world where everyone can communicate with each other. We can only do this by ensuring that we maintain our technology leadership, our market leadership and good profitability.”
Notes to editors
Ericsson’s 2009 annual shareholder meeting took place at Ericsson Globe in Stockholm on April 22 with 1350 shareholders registered. The agenda can be found at: http://www.ericsson.com/investors. At http://www.ericsson.com/press, you can also find the press release from the meeting with the shareholders’ decisions.
You can find video material from Ericsson at: http://www.ericsson.com/broadcast_room.
We are also on http://www.youtube.com/ericssonpress and http://www.twitter.com/ericssonpress.
Ericsson is the world’s leading provider of technology and services to telecom operators. The market leader in 2G and 3G mobile technologies, Ericsson supplies communications services and manages networks that serve more than 250 million subscribers. The company’s portfolio comprises mobile and fixed network infrastructure, and broadband and multimedia solutions for operators, enterprises and developers. The Sony Ericsson joint venture provides consumers with feature-rich personal mobile devices.
Ericsson is advancing its vision of ‚communication for all’ through innovation, technology, and sustainable business solutions. Working in 175 countries, more than 70,000 employees generated revenue of USD 27 billion (SEK 209 billion) in 2008. Founded in 1876 and headquartered in Stockholm, Sweden, Ericsson is listed on OMX Nordic Exchange Stockholm and NASDAQ.
For more information, visit http://www.ericsson.com or http://www.ericsson.mobi.
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