SOURCE: Ericsson

March 07, 2007 02:36 ET

Ericsson includes Tandberg Television's US shareholders in cash offer

STOCKHOLM, SWEDEN -- (MARKET WIRE) -- March 7, 2007 --



Ericsson (NASDAQ: ERIC) today announces that the voluntary public cash offer to acquire all issued and outstanding shares in Tandberg Television (OSE: TAT) dated February 26, 2007 (the "Voluntary Offer") is now open to U.S. persons, or any shareholders residing in the United States.

According to the section about Restrictions in the Voluntary Offer to acquire all of the shares in Tandberg Television, it was originally decided that the Voluntary Offer should not be open to any U.S. persons as defined by US Federal Securities Law or any shareholders residing in the US.

Based on additional information made available to Ericsson and on advice from US legal counsels, Ericsson has notwithstanding the previous statement now decided that the Voluntary Offer will yet be open to US persons as defined by US Federal Securities Law, and to any shareholders residing in the US. This means that Ericsson will now arrange for the Voluntary Offer to acquire all of the shares in Tandberg Television to be distributed to such US shareholders and US residents, and that any and all tenders received under the Voluntary Offer from US shareholders or US residents will be accepted, subject to the terms and conditions of the Voluntary Offer.

The decision to open the Voluntary Offer to US shareholders and US residents will not require any further disclosure or information than stated above, and the decision is already in effect.

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

FOR FURTHER INFORMATION, PLEASE CONTACT

Ericsson Media Relations
Phone: +46 8 719 6992
E-mail: press.relations@ericsson.com

Ericsson Investor Relations
Phone: +46 8 719 4631
E-mail: investor.relations.se@ericsson.com

Ericsson Investor Relations, North America
Phone: +1 212 843 8435
E-mail: investor.relations@ericsson.com




Copyright © Hugin ASA 2007. All rights reserved.

Contact Information