Aastra Technologies Limited

Aastra Technologies Limited

April 30, 2008 06:00 ET

Aastra Technologies Completes Acquisition

STOCKHOLM, SWEDEN--(Marketwire - April 30, 2008) - Aastra Technologies Limited (TSX:AAH) is pleased to announce that it has completed its previously announced acquisition of the Enterprise Communication Business of Ericsson (NASDAQ:ERIC) subject to certain jurisdictions being deferred in order to comply with applicable transfer requirements and corresponding post-closing adjustments.

With this acquisition, Aastra will now have a global installed base of Enterprise Communication customers with a leading presence in Western Europe and a significant extended footprint in key markets across Eastern Europe, Middle East and Africa, Asia Pacific (including Australia and New Zealand) and North and South America.

The addition of Ericsson's Enterprise Communications extends Aastra's reach in internet protocol Communication Servers, Unified Communication applications and integrated mobility, to address the communication needs of both small and large businesses. Aastra has grown rapidly by protecting its customers' investment while offering a roadmap for customers to evolve to IP communications at their own pace. Aastra will continue to build on Ericsson's success by supporting all existing products and applications, and by providing a smooth migration path to new technologies.

About Aastra

Aastra Technologies Limited, is a global company at the forefront of the Enterprise Communication market. Headquartered in Concord, Ontario, Canada, Aastra develops and delivers innovative and integrated solutions that address the communication needs of businesses small and large around the world. Aastra enables Enterprises to communicate and collaborate more efficiently and effectively by offering customers a full range of open standard IP-based and traditional communications networking products, including terminals, systems, and applications. For additional information on Aastra, visit our website at http://www.aastra.com. "Aastra" is a registered trademark of Aastra Technologies Limited.

This press release contains forward-looking information or forward-looking statements within the meaning of applicable securities legislation ("forward-looking statements"). Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, potentials, future events or performance (often, but not always, using words or phrases such as "believes", "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", or "intends" or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken or achieved) are not statements of historical fact, but are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Aastra, or developments in Aastra's business or in its industry, to differ materially from the anticipated results, performance, achievements or developments expressed or implied by such forward-looking statements. Please refer to the heading "Risk Factors" in our annual information form filed on www.sedar.com, for the material factors that could cause our actual results to differ materially from the forward-looking statements made today. It is important to note that: unless otherwise indicated, forward-looking statements in this press release describe Aastra's expectations as of the date of this press release; Aastra cautions readers not to place undue reliance on the forward-looking statements in this press release as actual results may differ materially from expectations if known and unknown risks or uncertainties affect Aastra's business, or if estimates or assumptions prove inaccurate. Therefore, Aastra cannot provide any assurance that forward-looking statements will materialize and Aastra assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or other reason.

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