Tweet

Ericsson closes acquisition of Technicolor-s broadcast services division

STOCKHOLM, SWEDEN — (Marketwire) — 07/03/12 —

Ericsson (NASDAQ: ERIC), the world leader in communication technologies and
services, today announces the completion of its acquisition of the
Broadcast
Services Division of Technicolor, a worldwide technology leader in the
media and
entertainment sector, headquartered in France. Today-s closing follows the
announcement on March 13, 2012.

Magnus Mandersson, Executive Vice President and Head of Business Unit
Global
Services, Ericsson, says: “With this acquisition Ericsson has strengthened
its
position in the broadcast managed services market and reinforced our growth
ambitions. Managed services in one of the main focus areas for Ericsson and
we
will continue to invest and expand this area.”

Ericsson welcomes over 900 exceptionally skilled employees who will be
integrated into the Ericsson group in business unit Global Services over
the
coming months and will work under the Ericsson brand as of today.

Ericsson is the leading provider of managed services for telecom operators
and
has invested in processes and tools in this segment. With this acquisition
Ericsson broadens its managed services offerings for media broadcasters and
confirms the company-s long term ambition and commitment to the area.

Ericsson is also the number one independent playout service provider in the
Nordic countries. Managed services is an example of Ericsson-s continuous
innovation – after creating this business model for telecom operators over
15
years ago, Ericsson has recently taken this successful business model to
other
industries such as utilities and media.

NOTES TO EDITORS

Photo of Magnus Mandersson,

Global Services Press Kit

About Technicolor

Press release – Ericsson to acquire Technicolor-s broadcast services
division

Press release – Ericsson to operate TV4 Group-s playout services

Download high-resolution photos and broadcast-quality video at

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 2.5 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-s
net
sales were SEK 226.9 billion (USD 35.0 billion). Ericsson is listed on
NASDAQ
OMX, Stockholm and NASDAQ, New York stock exchanges.

Ericsson closes acquisition of Technicolor-s broadcast services div.:

This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and
other applicable laws; and

(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Ericsson via Thomson Reuters ONE

[HUG#1623638]

FOR FURTHER INFORMATION, PLEASE CONTACT

Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
E-mail:

Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail: