SOURCE: Ericsson North America

August 11, 2009 11:17 ET

Ericsson Expands Silicon Valley Presence to Drive Convergence of Mobility and Internet

NEW YORK, NY--(Marketwire - August 11, 2009) - Ericsson (NASDAQ: ERIC) today announced the formation of a new division headquartered in San Jose focused on IP & Broadband solutions with R&D focused on mobile broadband and Internet convergence. In addition, Ericsson announced the opening of its newest Experience Center in San Jose.

The new IP & Broadband division is responsible for solutions that help service providers transform their legacy fixed and mobile networks to converged full service broadband networks. As the leader in mobile broadband, Ericsson is working with Valley companies and universities in the development and delivery of a new era of the mobile Internet for consumers and businesses. The new era will enable an all communicating world in which there is ubiquitous connectivity of people and devices.

At the campus opening and ribbon cutting ceremony to be attended today by San Jose Mayor Chuck Reed, Ericsson President and CEO Carl-Henric Svanberg will talk about the importance of the North American market and Silicon Valley as pioneers in the fixed Internet and the natural synergies that now exist for Ericsson, as the mobility leader, to help develop the next wave of the Internet.

"Ericsson is deeply integrated into the fabric of the Valley. Our IP & Broadband business is enabling the 'ip-fication' of operator networks and we are closely collaborating with local organizations and academia such as Stanford University, the Tech Policy Council, Open Mobile Media, the Computer History Museum, and the Silicon Valley Leadership Group," said Bert Nordberg, Head of Ericsson in the Silicon Valley and EVP at Ericsson

Mayor Chuck Reed who met with Ericsson executives in 2008 to assure management of his full support of the company's expansion in North San Jose said, "Ericsson is a great addition to San Jose: the Capital of Silicon Valley. We welcome their innovation and global experience in mobile broadband."

Notes to editors: Ericsson's multimedia content is available at the broadcast room: www.ericsson.com/broadcast_room

Ericsson is the world's leading provider of technology and services to telecom operators. Ericsson is the leader in 2G, 3G and 4G mobile technologies, and provides support for networks with over 1 billion subscribers and has a leading position in managed services. The company's portfolio comprises of mobile and fixed network infrastructure, telecom services, software, broadband and multimedia solutions for operators, enterprises and the media industry. The Sony Ericsson and ST-Ericsson joint ventures provide consumers with feature-rich personal mobile devices.

Ericsson is advancing its vision of "to be the prime driver in an all-communicating world" through innovation, technology, and sustainable business solutions. Working in 175 countries, more than 75,000 employees generated revenue of SEK 209 billion (USD 32.2 billion) in 2008. Founded in 1876 with the headquarters in Stockholm, Sweden, Ericsson is listed on OMX NASDAQ, Stockholm and NASDAQ New York.

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