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.

Press release PDF: http://hugin.info/1061/R/1357032/329989.pdf

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Copyright Copyright Hugin AS 2009. All rights reserved.

SOURCE: Ericsson

Already the campaign has seen more than 180,000 virtual space hoppers created by users engaging with the campaign site and a YouTubeTMvideo of the TVC has generated more than 800,000 views. So far more than 1,200 people have taken part in six online screen invasions of sites across the globe, using a browser cookie to link their personally created space hopper to their current location.

On each screen invasion a countdown alerted users to the imminence of the flash mob. As it reached zero a display advert used the browser cookie to work out which registered users were present and allowed their personal space hoppers to break out of the advert.

Quotes

Andrea Heinrich, Global marketing communications manager

"The space hopper campaign has been created to support to launch of AinoTM and SatioTM, using online media like Twitter to illustrate how ideas and concepts spread from one person to another."

"These phones create great quality media whether its photos or videos and they offer an incredibly easy to use suite of options for sharing it. Users really can use these phones to spark something."

"The next stage of the campaign takes the concept one stage further allowing users to take the concept offline and create real life space hoppers which will be used in real life events."

Boilerplate Statements

AinoTM

- Sound and vision set free

- The best of both worlds: traditional keypad and touch UI in media mode

- Media Home andMedia Go - simple to take your content with you

- Remote Play with PlayStation 3 - control and access your PlayStation 3 media content from your mobile phone

- 3 inch 16 million colour screen - WQVGA

- Clear audio experience - listen to music in superb quality

- Design matched Wireless Stereo Headphone MH100 and Charging Stand EC100

- AinoTM supports GSM/GPRS/EDGE 850/900/1800/1900 and UMTS/HSPA 850/1900/2100

- AinoTM is available in the colours Obsidian Black and Luminous White

SatioTM

- Visual communication like never before

- True 16:9, 3.5 inch widescreen - feast your eyes on movies

- Express yourself through images - 12.1 megapixel camera, intuitive touch focus, Xenon flash and face and smile detection

- Web albums with messages - talk through pictures and share your experiences

- Intuitive full touch media menu - tap directly into your favourites, from web pages to pictures and media files

- Symbian Foundation operating system - thousands of applications available online

- Music player - play your tunes loud and proud

- To make your listening experience even better, team SatioTM with the smallest headset on the market, the Wireless Stereo Headphones HBH-IS800 to listen in crystal clear sound

- Alternatively, maximise the mobile video experience with the Video Viewing Stand IM920. Transfer all media files via the Micro SD card or USB cable

- SatioTM supports GSM/GPRS/EDGE 850/900/1800/1900 and UMTS/HSDPA 850/900/2100

- SatioTM is available in the colours; Black, Silver and Bordeaux

CONTACT: Sony Ericsson WWW: http://www.sonyericsson.com Sam Oakley, Wolfstar Consultancy Tel: +44 (0)113 394 7960 e-mail: samoakley@wolfstarconsultancy.com

((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.

Ericsson made its offer together with Austrian sector company Kapsch CarrierCom AG, part of the Kapsch Group. Kapsch will acquire most of Nortel's remaining assets outside North America for USD33m.

Nortel has been under bankruptcy protection since January.

The transaction follows the completion of the auction process initiated by Nortel and is subject to receiving approval by the US and Canadian Bankruptcy Courts and to satisfying regulatory and other conditions.

Ericsson expects that the purchase will have a positive impact on its earnings within a year after it closes the deal.

Via the move, the Swedish company will add some 350 new employees.

The agreement includes GSM contracts with North American operators such as US telecoms operator AT& T (NYSE: T) and T-Mobile, local subsidiary of Deutsche Telekom AG (ETR: DTE). It also covers acquisition of an installed GSM base.

In 2008, Nortel's North American GSM operations generated sales of some USD400m and Ericsson's North American business had sales of SEK17.9m, mainly from GSM and WCDMA equipment and associated services.

Including the recent acquisition of Nortel's CDMA and LTE assets, and the seven-year agreement for wireless and landline network services between Ericsson and Sprint Nextel (NYSE: S), North America will now become the largest region within the Swedish company with 14,500 employees.

(EUR1 = USD1.5, EUR1 = SEK10.3)

Comments on this story may be sent to 
nbr.feedback@nordicbusinessreport.com

If approved by the courts, Ericsson will purchase the North American GSM business and Kapsch will purchase the European and Taiwan GSM businesses. Kapsch will also purchase the global GSM-R business. Nortel has more than 15 years experience with this technology and is the number one GSM-R provider globally.

Each bidder will assume the relevant customer contracts in their specified regions as well as the products, specified patents predominantly used in the GSM/GSM-R business and non-exclusive licenses of other relevant patents.

Approximately 680 Nortel employees will receive offers of employment from the joint bidders. This includes those employees assigned to the GSM/GSM-R business in certain EMEA jurisdictions who will transfer automatically to Kapsch by operation of law.

"This is a major step forward for our business. These acquisitions will enable our customers to continue to benefit from the product innovation and support that they've come to expect from us,' said Graham Richardson, GM for the GSM/GSM-R business, Nortel. 'Today's announcement is also a turning point for our employees, the majority of whom will take their considerable expertise on to Ericsson and Kapsch."

'The transaction emphasizes Ericsson's commitment to the North American market and strengthens our position as the leading provider of telecommunications technology and services in the United States and Canada' said Hans Vestberg, incoming President and CEO of Ericsson.

'We have worked closely with Nortel on the GSM/GSM-R business for over 20 years. This acquisition transforms Kapsch from a regional player to the market leader in GSM-R,' said Thomas Schopf, Chief Operating Officer of Kapsch.

Mag. Georg, Chief Executive Officer of Kapsch, said:

GSM (Global System for Mobile communications) is the most popular wireless technology standard for mobile phones in the world. Nortel is a leading supplier of GSM networks and has worked with operators worldwide on implementing the GSM family of access technologies including GSM/GPRS/EDGE. Also based on GSM technology is GSM-R (GSM for Railways) which provides a secure communications system for railways operators.

As previously announced, Nortel does not expect that the Company's common shareholders or the NNL preferred shareholders will receive any value from the creditor protection proceedings and expects that the proceedings will result in the cancellation of these equity interests.

About Nortel

For more information, visit Nortel on the Web at www.nortel.com. For the latest Nortel news, visit www.nortel.com/news.

Certain statements in this press release may contain words such as "could", "expects", "may", "should", "will", "anticipates", "believes", "intends", "estimates", "targets", "plans", "envisions", "seeks" and other similar language and are considered forward-looking statements or information under applicable securities laws. These statements are based on Nortel's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which Nortel operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. Nortel's assumptions, although considered reasonable by Nortel at the date of this report, may prove to be inaccurate and consequently Nortel's actual results could differ materially from the expectations set out herein.

Actual results or events could differ materially from those contemplated in forward-looking statements as a result of the following: (i) risks and uncertainties relating to the Creditor Protection Proceedings including: (a) risks associated with Nortel's ability to: stabilize the business and maximize the value of Nortel's businesses; obtain required approvals and successfully consummate pending and future divestitures; ability to satisfy transition services agreement obligations in connection with divestiture of operations; successfully conclude ongoing discussions for the sale of Nortel's other assets or businesses; develop, obtain required approvals for, and implement a court approved plan; resolve ongoing issues with creditors and other third parties whose interests may differ from Nortel's; generate cash from operations and maintain adequate cash on hand in each of its jurisdictions to fund operations within the jurisdiction during the Creditor Protection Proceedings; access the EDC Facility given the current discretionary nature of the facility, or arrange for alternative funding; if necessary, arrange for sufficient debtor-in-possession or other financing; continue to have cash management arrangements and obtain any further required approvals from the Canadian Monitor, the U.K. Administrators, the French Administrator, the Israeli Administrators, the U.S. Creditors' Committee, or other third parties; raise capital to satisfy claims, including Nortel's ability to sell assets to satisfy claims against Nortel; maintain R&D investments; realize full or fair value for any assets or business that are divested; utilize net operating loss carryforwards and certain other tax attributes in the future; avoid the substantive consolidation of NNI's assets and liabilities with those of one or more other U.S. Debtors; attract and retain customers or avoid reduction in, or delay or suspension of, customer orders as a result of the uncertainty caused by the Creditor Protection Proceedings; maintain market share, as competitors move to capitalize on customer concerns; operate Nortel's business effectively in consultation with the Canadian Monitor, and the U.S. Creditors' Committee and work effectively with the U.K. Administrators, French Administrator and Israeli Administrators in their respective administration of the EMEA businesses subject to the Creditor Protection Proceedings; continue as a going concern; actively and adequately communicate on and respond to events, media and rumors associated with the Creditor Protection Proceedings that could adversely affect Nortel's relationships with customers, suppliers, partners and employees; retain and incentivize key employees and attract new employees as may be needed; retain, or if necessary, replace major suppliers on acceptable terms and avoid disruptions in Nortel's supply chain; maintain current relationships with reseller partners, joint venture partners and strategic alliance partners; obtain court orders or approvals with respect to motions filed from time to time; resolve claims made against Nortel in connection with the Creditor Protection Proceedings for amounts not exceeding Nortel's recorded liabilities subject to compromise; prevent third parties from obtaining court orders or approvals that are contrary to Nortel's interests; reject, repudiate or terminate contracts; and (b) risks and uncertainties associated with: limitations on actions against any Debtor during the Creditor Protection Proceedings; the values, if any, that will be prescribed pursuant to any court approved plan to outstanding Nortel securities and, in particular, that Nortel does not expect that any value will be prescribed to the NNC common shares or the NNL preferred shares in any such plan; the delisting of NNC common shares from the NYSE; and the delisting of NNC common shares and NNL preferred shares from the TSX; and (ii) risks and uncertainties relating to Nortel's business including: the sustained economic downturn and volatile market conditions and resulting negative impact on Nortel's business, results of operations and financial position and its ability to accurately forecast its results and cash position; cautious capital spending by customers as a result of factors including current economic uncertainties; fluctuations in foreign currency exchange rates; any requirement to make larger contributions to defined benefit plans in the future; a high level of debt, arduous or restrictive terms and conditions related to accessing certain sources of funding; the sufficiency of workforce and cost reduction initiatives; any negative developments associated with Nortel's suppliers and contract manufacturers including Nortel's reliance on certain suppliers for key optical networking solutions components and on one supplier for most of its manufacturing and design functions; potential penalties, damages or cancelled customer contracts from failure to meet contractual obligations including delivery and installation deadlines and any defects or errors in Nortel's current or planned products; significant competition, competitive pricing practices, industry consolidation, rapidly changing technologies, evolving industry standards, frequent new product introductions and short product life cycles, and other trends and industry characteristics affecting the telecommunications industry; any material, adverse affects on Nortel's performance if its expectations regarding market demand for particular products prove to be wrong; potential higher operational and financial risks associated with Nortel's international operations; a failure to protect Nortel's intellectual property rights; any adverse legal judgments, fines, penalties or settlements related to any significant pending or future litigation actions; failure to maintain integrity of Nortel's information systems; changes in regulation of the Internet or other regulatory changes; and Nortel's potential inability to maintain an effective risk management strategy.

For additional information with respect to certain of these and other factors, see Nortel's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC. Unless otherwise required by applicable securities laws, Nortel disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: Bo Gowan, Nortel e-mail: bogowan@nortel.com Matthew Wray, Nortel Tel: +852 2100 2238 e-mail: wraym@nortel.com Isabelle Tadmoury, Nortel Tel: +33 16955 4291 e-mail: tadmoury@nortel.com WWW: http://www.nortel.com

((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.