Ericsson Bullish on Future

STOCKHOLM -- Today, at Ericsson's (NASDAQ:ERIC) Capital Markets Day in Stockholm, President and Chief Executive Officer, Carl-Henric Svanberg highlighted Ericsson's strong competitive position in a new era of global communication.

"Our way of communicating is changing rapidly with the rollout of mobile and fixed high-speed broadband", said Svanberg. "As a result, we expect traffic in fixed as well as mobile networks to grow tenfold by 2012. With high-speed broadband, we will see multimedia to start a new era in telecom."

Svanberg continued by emphasizing that this new era sets additional demands on both operators and vendors; for vendors, consumer understanding will become even more critical and IP competence will be crucial as it paves the way for triple play and multimedia services. Convergence also increases network complexity, setting systems integration skills in focus. In this environment, telecom grade will remain a critical competence.

Svanberg said: "Key success factors for vendors will be technology leadership in combination with global presence and operational excellence. Our firm intention is to continue to outperform competition, gaining growth and market share in this exciting market environment."

Ericsson had the honor to welcome as speakers at the capital markets day Sol Trujillo, CEO of Telstra, Eric Cooney, President and CEO of Tandberg Television, and Frank Meywerk, Executive Vice President, Radio Access Network Planning and Deployment, T-Mobile.

Speakers from Sony Ericsson were Miles Flint, President, Anders Runevad, Executive Vice President, head of sales and Steve Walker, Vice President, head of product marketing.

Other featured Ericsson speakers at the capital markets day included Karl-Henrik Sundström, Chief Financial Officer; Kurt Jofs, Executive Vice President, head of business unit Network; Hans Vestberg, Executive Vice President, head of business unit Global Services and Jan Wäreby, Senior Vice President, head of business unit Multimedia.

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.

Ericsson AB (Nasdaq: ERIC)