2009-11-25 07:43:03 -

London, November , 25, 2009

Ericsson (NASDAQ:ERIC) was today selected as successful bidder to
acquire certain assets of the Carrier Networks division of Nortel
relating to Nortel's GSM business in the US and Canada. The purchase
is structured as an asset sale at a cash purchase price of USD 70
million on a cash and debt free basis, subject to adjustments. This
announcement follows the completion of the auction process initiated
by Nortel, and the transaction is subject to approval by courts in
the US and Canada and customary regulatory approvals and other
conditions.

Ericsson's bid for Nortel's GSM assets was made together with Kapsch
CarrierCom AG of Austria. Under the agreements, Ericsson is acquiring
certain assets of Nortel's GSM business in North America while Kapsch
is paying USD 33 million to acquire most of the remaining assets
outside North America.

Ericsson acquires an installed GSM base, which expands its North
American footprint. The acquisition further strengthens Ericsson's
ability to serve North America's leading wireless operators, which
now benefit from the strength of the combined resources in an
experienced and financially strong company.

"Along with our recent acquisition of Nortel's CDMA and LTE assets,
the transaction emphasizes Ericsson's commitment to the North
American market and strengthens our position as a leading provider of
telecommunications technology and services in the United States and
Canada" said Hans Vestberg, incoming President and CEO of Ericsson.
"Our Ericsson family will be once again enriched by the addition of
the valuable Nortel employees."

The agreement includes the transfer of important GSM business with
North American operators such as AT&T and T-Mobile. Under the
agreement Ericsson will offer employment to approximately 350
employees from Nortel. Nortel's North American GSM operations
generated approximately USD 400 million in 2008.

Ericsson's North American business generated SEK 17.9 bn (USD 2.7 b)
of sales in 2008, mainly from GSM and WCDMA equipment and associated
services. Together with the recently announced acquisition of CDMA
and LTE assets as well as the Sprint services agreement, the
acquisition makes North America the largest geographical segment
within Ericsson and encompasses some 14,500 employees, up from 5,000
at the beginning of 2009.

The acquired operations will contribute top- and bottom-line
additions to Ericsson. The transaction is expected to have a positive
effect on Ericsson's earnings within a year after closing.

Consummation of the transaction is subject to approval by the United
States and Canadian Bankruptcy Courts and the satisfaction of
regulatory and other conditions.

SEB Enskilda is acting as Ericsson's sole financial advisor in the
transaction.

Notes to editors:
Picture of Hans Vestberg:
www.ericsson.com/ericsson/press/photos/management.shtml

Previously announced information on Ericsson's acquisitions of Nortel
assets:
www.ericsson.com/ericsson/press/releases/20090725-1330882.shtml
www.ericsson.com/ericsson/press/releases/20091113-1354893.shtml
www.youtube.com/ericssonpress#p/u/7/D3yDHV9O_5o

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 "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.

www.ericsson.com
www.twitter.com/ericssonpress

FOR FURTHER INFORMATION, PLEASE CONTACT

Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com

Investors
Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail: investor.relations@ericsson.com

Ericsson Media Relations North America
Kathy Egan
Phone: +1 212-843-8422
E-mail: media.relations@ericsson.com


Ericsson discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act.
The information was submitted for publication at on November 25, 2009
at 07.40 CET.

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