Ericsson (NASDAQ:ERIC) and  the Republic  of Korea  have initiated  a
collaboration aiming to use mobile broadband and other  communication
technologies, such as  machine to  machine (m2m), to  create a  green
eco-system

Korea's president, Lee Myung-bak and Ericsson's newly appointed  CEO,
Hans Vestberg met in Stockholm, Sweden, to discuss how the smart  use
of telecommunications and IT can help Korea and the rest of the world
to reduce CO2 emissions,  as well as the  role of the government  and
Ericsson in achieving this.

Korea, one  of the  world's most  advanced ICT  nation and  Ericsson,
leader in telecommunications, have identified mobile broadband and IT
technologies as key enablers to  create a green eco-system that  will
result in more sustainable society and therefore have decided to join
in their efforts.

Korea will build an eco-system  targeting a more sustainable  future.
As part of  this eco-system  Ericsson, together  with leading  Korean
companies,  will  establish  a  community  for  the  development   of
sustainable climate  solutions based  on 4G  technologies and,  given
mutual success, will further expand its presence in the market.

Lee Myung-Bak, President of Korea, said: "Ericsson could play a vital
role for Korea's evolution  in the ICT market  and for Korean  export
companies. We are  certain that by  developments in the  ICT area  we
will take needed steps to a more sustainable future. We expect to see
more of Ericsson in the Korean business landscape".

Hans Vestberg,  Ericsson's  CFO  and incoming  CEO  highlighted  that
society faces a huge challenge to drastically reduce CO2 emissions by
2050, while the world economy as much as triples. "Telecommunications
and IT technology will play a  vital role in transforming cities  and
countries through smarter broadband solutions. As one of the  world's
most advanced nations in the use of ICT, Korea has the opportunity to
create a green eco-system and become a great example for the rest  of
the world"

Ericsson is taking an active  leadership in highlighting the role  of
telecommunications and IT technologies in fighting the climate change
to governments,  policy  makers  and  non-governmental  organizations
around the world.

The company believes  that offsetting of  CO2 emissions will  require
new ways of conducting business and new ways of living, and will also
require large  scale  investments in  Information  and  Communication
technology (ICT) as this sector  could offset societal CO2  emissions
by more than 15 percent by 2020.

In order to  achieve this, Carl-Henric  Svanberg, Ericsson's  current
CEO has participated  in different discussions  such as UN's  General
Assembly and the World Business Summit on Climate Change.


Notes to editors:
Photos will be available here:
www.ericsson.com/ericsson/press/photos/index.shtml
Ericsson's standard 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.

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


FOR FURTHER INFORMATION, PLEASE CONTACT

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

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