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Ericsson: Ericsson acquires more than 95 percent of LHS shares

^{Published on 2009-07-03 07:46:37, Last Modified on 2009-07-03 07:46:44 - Market Wire}
 

STOCKHOLM, SWEDEN--(Marketwire - July 3, 2009) - Ericsson (NASDAQ: [ ERIC ]) has recently, through a wholly owned subsidiary, purchased shares in LHS AG (XETRA: [ LHS ]) that together with currently held shares represents more than 95 percent of the outstanding shares in LHS.

Today, Ericsson informed LHS that it requests a squeeze-out resolution to be passed at LHS' next shareholders' meeting. The date for the next shareholders' meeting has not yet been set.

Back in 2007, Ericsson announced a cash offer to acquire LHS, aimed at strengthening its leading offering in revenue management with a fully integrated convergent charging and billing solution.

Notes to editors: Ericsson announces cash offer to acquire LHS [ www.ericsson.com/ericsson/press/releases/20070605-1131109.shtml ] 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 of "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.ericsson.mobi ][ www.twitter.com/ericssonpress ]

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