Ericsson (NASDAQ:ERIC) announced today that the company has decided
to accept Nokia's cash offer to acquire all of the Symbian Limited
shares that Nokia does not already own. Ericsson owns 15.6% of the
shares in Symbian Limited.
Symbian Limited, the software company that develops and licenses
Symbian OS(TM), which is the market-leading open operating system for
mobile devices, was co-founded by Ericsson in 1998. As Ericsson no
longer manufactures mobile phones the shareholding in the company is
not strategic for Ericsson.
Nokia's acquisition of the shares in Symbian is subject to approvals
from relevant competition authorities and is expected to be completed
during the second half of 2008.
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, visit www.ericsson.com or www.ericsson.mobi.
FOR FURTHER INFORMATION, PLEASE CONTACT
Media
Ericsson Media Relations
Phone: +46 8 719 69 92
E-mail: press.relations@ericsson.com
Investors
Ericsson Investor Relations
Phone: +46 8 719 00 00
E-mail: investor.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 on June 24, 2008, at
CET 8.35 am.
