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Ericsson completes acquisition of BelAir Networks

STOCKHOLM, SWEDEN — (Marketwire) — 04/02/12 —

* Ericsson acquires 100% stake of BelAir Networks

* BelAir Networks goes under Ericsson brand effective today

* Ericsson committed to support BelAir Networks- customers

Ericsson (NASDAQ: ERIC) today announces the completion of its acquisition
of
BelAir Networks, a North American carrier-grade Wi-Fi company. This
acquisition
gives Ericsson a strong carrier-grade Wi-Fi portfolio, technological
expertise,
IPR, and established customer contracts and relationships.

Today-s closing follows the announcement on February 21, 2012 that Ericsson
had
entered into an agreement to acquire 100 percent of the shares in BelAir
Networks.

“We are gaining BelAir Networks- leading position in carrier-grade Wi-Fi
equipment both in terms of installed base and product portfolio. By
integrating
BelAir Networks- talented people and these new assets into Ericsson-s
mobile
infrastructure leadership, we will accelerate the integration of Wi-Fi and
cellular technologies and strengthen our heterogeneous network (hetnet)
offering,” said Johan Wibergh, Executive Vice President and head of
business
unit Networks, Ericsson.

“We welcome BelAir Networks- 120 employees to Ericsson. Together we can
deliver
the industry-s first integrated Wi-Fi cellular offering to Ericsson-s
global
customer base in 180 countries, to enhance consumers- mobile broadband
experience,” continued Wibergh.

The former BelAir Networks- staff will be integrated into the Ericsson
group in
business unit Networks over the coming months and will work under the
Ericsson
brand effective today. Ericsson is committed to ongoing evolution of BelAir
Networks- former customer networks and the assurance of a seamless business
transition.

NOTES TO EDITORS

Ericsson to acquire North American carrier grade Wi-Fi company BelAir
Networks

Heterogeneous networks – image

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Ericsson is the world-s leading provider of communications technology and
services. We are enabling the Networked Society with efficient real-time
solutions that allow us all to study, work and live our lives more freely,
in
sustainable societies around the world.

Our offering comprises services, software and infrastructure within
Information
and Communications Technology for telecom operators and other industries.
Today
more than 40 percent of the world-s mobile traffic goes through Ericsson
networks and we support customers- networks servicing more than 2 billion
subscribers.

We operate in 180 countries and employ more than 100,000 people. Founded in
1876, Ericsson is headquartered in Stockholm, Sweden. In 2011 the company
had
revenues of SEK 226,9 billion (USD 35.0 billion). Ericsson is listed on
NASDAQ
OMX, Stockholm and NASDAQ, New York stock exchanges.

Press Release (PDF):

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Source: Ericsson via Thomson Reuters ONE
[HUG#1598985]

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