SOURCE: Ericsson

December 28, 2006 03:40 ET

Ericsson to establish China program together with the Stockholm School of Economics in Sweden

STOCKHOLM, SWEDEN -- (MARKET WIRE) -- December 28, 2006 --



Ericsson (NASDAQ: ERIC) and the Stockholm School of Economics have agreed to create a program aiming to generate in-depth knowledge of Chinese business and economics and China's impact on global trade patterns. The program will create a base for a unique competence center in Stockholm, Sweden.

The Ericsson China program comprises several components designed to support the capacity of Sweden to follow developments in China, strengthen Swedish-Chinese relations in economics, business and research and its impact on the world economy. The program embraces economic and business research, education, seminars and conference programs as well as advice.

The program will start January 1, 2007 with Ericsson and the Stockholm School of Economics as co-founders. The program is guided by an advisory board consisting of representatives from Ericsson, the Stockholm School of Economics and the China Center for Economical Research at Peking University.

Carl-Henric Svanberg, president and CEO of Ericsson, says: "Understanding the business and economics of China is a necessity for Ericsson as well as all other of the world's leading global companies. China has established itself as a crucial player in the world economy and has emerged as one of the most important strategic markets. This new initiative creates the base for a competence center in Sweden with the aim to understand the complexity of Chinese business and economics and to strengthen Ericsson's and Sweden's relations with China."

The program will be based at the Stockholm School of Economics, which is one of Europe's leading institutes for education and research in business and economics. The program will cooperate closely with the China Center for Economical Research at Peking University, China's leading institute in economics and economic policy research.

Lars Bergman, president, the Stockholm School of Economics, says: "The Ericsson China Program will benefit from the competence at the Stockholm School of Economics and our Swedish and international partners and collaborators. It will also help us establish closer relations with Peking University."

Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world. Read more at http://www.ericsson.com

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Ericsson Media Relations
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E-mail: press.relations@ericsson.com




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