Ericsson Manages Mobistar 638030

STOCKHOLM -- Ericsson (NASDAQ:ERIC) has been selected by Belgian operator Mobistar, member of the France Telecom group, for a managed services cooperation. About 150 employees are to be transferred from Mobistar to Ericsson.

Within the agreement Mobistar has chosen Ericsson to manage parts of its network activities in the course of 2007. The 5 year agreement is expected to be in commercial operation from the second quarter of 2007 and has a value of approximately EUR 300 million. The finalization of KPIs within the managed services agreement is ongoing.

Hans Vestberg, Executive Vice President and Head of Global Services at Ericsson, says: "We are honored and delighted that Mobistar has chosen us as a partner for managed services This announcement, in combination with the recent one related to Orange in the Netherlands, shows that we have great momentum for managed services and that operators around the globe has confidence in our ability provide high quality network services and attractive work conditions for transferred employees."

Ericsson AB (Nasdaq: ERIC)