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Ericsson Mobility Summit Gathers Silicon Valley Insiders to Explore Ways of Profiting from Advances in Broadband Technology

^{Published on 2008-12-09 11:20:13, Last Modified on 2009-11-02 16:29:04 - Market Wire}
 

SILICON VALLEY, Calif.--([ BUSINESS WIRE ])--Ericsson (NASDAQ:ERIC), the world's leading supplier of telecom networks, will host telecommunications and Internet industry leaders at the first Silicon Valley Mobility Summit Thursday, December 11, at the Cypress Hotel in Cupertino, Calif. Dr. Jan Uddenfeldt, Senior Technology Adviser to the Group CEO and head of Ericsson's newly established technology center in Silicon Valley, will lead the summit. Under the theme of "Driving Innovation in Mobile Broadband and Open Applications," the conference will address advances in technology that will create business opportunities from the convergence of mobility, telecom networks and the Internet. Attendance to the Ericsson Mobility Summit is by invitation only.

A featured panel on "Mobility + Broadband: How Can Silicon Valley Make Money?" will include executives from Rutberg & Company, AT&T, Google, Sequoia Capital and Ericsson. It will address the opportunities that a high-speed mobile environment presents to innovative applications and technology companies. The panel will also examine which mobile Internet applications and devices are emerging, which business models will succeed and how to create shareholder value for both incumbents and startups.

"Ericsson's decision earlier this year to commit to a significant R&D presence in Silicon Valley was based on the desire to work more closely with the world's leading IP technology companies as mobile and Internet technologies and business models converge," said Bert Nordberg, Executive Vice President, Ericsson Group in San Jose. "Ericsson brings global leadership in mobility and the understanding of broadband and IP from a carrier perspective. By working with fellow technology ecosystem partners, we plan to place the United States at the forefront of next-generation mobile broadband networks."

Subscriptions to and usage of mobile broadband services are growing exponentially. Today there are some 270 million mobile broadband users in the world, a number expected to reach 1 billion by 2011, when there will be more mobile broadband than fixed broadband subscriptions. According to the Cellular Telephone Industry Association (CTIA), mobile data usage in the United States has grown 42.5 percent for the 12-month period ending June 2008.

With the release of the 700 MHz spectrum, the United States has the opportunity to develop the mobile broadband market further. As US operators deploy long-term evolution (LTE) mobile broadband technology over the next few years, Silicon Valley will play an even greater role in this market.

"We stand on the brink of a mobile broadband revolution," said Kris Rinne, Senior Vice President, Architecture and Planning at AT&T. "It's key that the United States continues to play a leading role in research and development for telecommunications. AT&T is committed to introducing the latest emerging devices and embedded modules, and to deploying next-generation wireless broadband platforms such as High Speed Packet Access Plus (HSPA+) and LTE."

Ericsson's Summit will also feature live demonstrations of next-generation network services and applications including:

• 3G and LTE (Long Term Evolution) technology -Application demonstrations, backhaul access, network infrastructure hardware and energy saving solutions.
• Fixed Broadband - Optical network infrastructure and new multi-service router capabilities.
• IPTV Solutions - The latest middleware solutions, future combinational services, encoding technology and metadata delivery services.
• Open applications - show authentication and rapid application development solutions for consumer.
• Device Ecosystem – Devices with Ericsson embedded modules and home wireless routers based on Ericsson Mobile Platform technology.

Note to Editors:

Read more about Ericsson's announcements regarding the mobile ecosystem.

• Ericsson joins the [ Open Handset Alliance ]
• Providing built-in HSPA modules for laptops to main laptop vendors including [ Toshiba ], [ Dell ] and [ LG ]
• Cooperation with [ Intel ] regarding HSPA for Mobile Internet Devices

About Ericsson

Ericsson is the world's leading provider of technology and services to telecom operators. The market leader in 2G and 3G mobile technologies, Ericsson supplies communications services and manages networks that serve more than 195 million subscribers. The company's portfolio comprises mobile and fixed network infrastructure, and broadband and multimedia solutions for operators, enterprises and developers. The Sony Ericsson joint venture provides consumers with feature-rich personal mobile devices.

Ericsson is advancing its vision of ‘communication for all' through innovation, technology, and sustainable business solutions. Working in 175 countries, more than 70,000 employees generated revenue of USD 27.9 billion (SEK 188 billion) in 2007. Founded in 1876 and headquartered in Stockholm, Sweden, Ericsson is listed on OMX Nordic Exchange Stockholm and NASDAQ.

For more information, [ www.ericsson.com ] or [ www.ericsson.mobi ].