Ericsson comments on market rumors
16 November 2015 - 6:00PM
Ericsson (NASDAQ:ERIC) has noted the recent
speculation in the press and financial markets regarding an
interest by Cisco (NASDAQ:CSCO) to acquire Ericsson.
On November 9, 2015, the two companies announced a
global business and technology partnership to create the networks
of the future. The partnership announcement was supported by
multiple agreements that include commitments to network
transformation through reference architectures and joint
development, systems-based management and control, a broad reseller
agreement, and collaboration in key emerging market segments.
President and CEO and member of the Board of
Directors, Hans Vestberg says: "We note that there are rumors in
the market regarding an acquisition of Ericsson by Cisco possibly
spurred by the recent announcement of a partnership between our two
companies. The talks leading up to the partnership announcement
have been ongoing for a year and there have not been any
discussions whatsoever on a merger or an acquisition."
NOTES TO EDITORS
For media kits, backgrounders and high-resolution
photos, please visit www.ericsson.com/press
Ericsson (NASDAQ:ERIC) is the
driving force behind the Networked Society - a world leader in
communications technology and services. Our long-term relationships
with every major telecom operator in the world allow people,
business and society to fulfill their potential and create a more
sustainable future.
Our services, software and
infrastructure - especially in mobility, broadband and the cloud -
are enabling the telecom industry and other sectors to do better
business, increase efficiency, improve the user experience and
capture new opportunities.
With approximately 115,000
professionals and customers in 180 countries, we combine global
scale with technology and services leadership. We support networks
that connect more than 2.5 billion subscribers. Forty percent of
the world's mobile traffic is carried over Ericsson networks. And
our investments in research and development ensure that our
solutions - and our customers - stay in front.
Founded in 1876, Ericsson has its
headquarters in Stockholm, Sweden. Net sales in 2014 were SEK 228.0
billion (USD 33.1 billion). Ericsson is listed on NASDAQ OMX stock
exchange in Stockholm and the NASDAQ in New York.
www.ericsson.com
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FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Communications
Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com
Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail: investor.relations@ericsson.com
The information was submitted for publication on
November 16, 2015 at 08:00 am CET.
Ericsson comments on market
rumors
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Ericsson via Globenewswire
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