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Vestberg at shareholder meeting: "Telecom important for society"

April 13, 2011 - Stockholm, Sweden

* 2010 - breakthrough for mobile broadband. Number of subscriptionsexpected to surpass 1 billion this year; 5 billion by 2016 * Strong position; world's 5th largest software company; strong inservices * Ericsson extends its technology leadership

At Ericsson's (NASDAQ: ERIC) (STKM: ERIC) Annual General Meeting ofshareholders today at theEricsson Globe annex, President and CEO Hans Vestberg spoke to theshareholdersamong other things about the importance of telecom in the development ofsocietyas a whole, how communications services are broadening, and aboutEricsson'sposition on the market.

2010 was the year mobile broadband broke through. Today we have exceeded500million mobile broadband subscriptions, and before the end of 2011, therewillbe one billion subscriptions. Growth continues and by 2016, there areexpectedto be five billion subscriptions.

Hans Vestberg presented the results for 2010, and spoke about the naturalcatastrophes during 2010 which illuminated the importance oftelecommunicationsduring crises and rescue efforts. After the Haiti earthquake in January2010,Ericsson Response completed one of its longest and largest field activitiessince the volunteer organization started assisting the United Nations inemergency situations in 2000.

Ericsson works continuously and intensively with its customers duringcrises,and is currently assisting its customers in Japan in order to quicklyassurethat mobile networks are functioning. Fredrik Alatalo, President ofEricssonJapan, joined the shareholder meeting via video conference, live fromTokyo.

Vestberg underscored the focus on being first in driving new technology,and inseeing to it that Ericsson drives standards that the telecom industrybuilds on.Patents and trade in licensing contracts generate income for the company.Ericsson has 27,000 granted patents and during last year invested SEK 30billionin research and development.

Ericsson's prize for Inventor of the Year was awarded during the meeting.HansVestberg welcomed Muhammad Kazmi, Robert Baldemair and Jacob Österlingonstageto receive the recognition. The three inventors have sought a total of 234patents on Ericsson's behalf. Kazmi and Baldemair worked on inventions thatledto patents in LTE. Österling is one of the main architects of themulti-standardradio base station RBS 6000, one of Ericsson's most successful productlauncheson the market.

As a concrete example of how society and business are changing withtelecoms,Vestberg welcomed another guest on stage. Magnus Bergman, Chief TechnicalOfficer for the Swedish paper company SCA, spoke about using operatorNet1'snetwork for its data traffic. SCA has been able to do business in remoteforestareas more efficiently, improving quality, planning, and productivity, withthehelp of mobile broadband.

Vestberg concluded his speech for the shareholders by underlining thedevelopment within the telecom industry and pointed out that it took 100yearsto build one billion fixed telephone lines, but only 25 years to reach morethanfive billion mobile subscriptions. Today, mobile systems cover some 85% oftheworld's population. Mobile broadband continues to grow and that createsnewopportunities for Ericsson to expand its business to new industries, forexamplegovernments and companies within healthcare, transport, utilities, andwithinmobile money services.

"It is clear that Ericsson will continue to be the driver in this market.Weare strong and confident. We defend and extend our technology leadership,ourmarket leadership and our power of innovation. And so we have a solidfoundationfor continued strong financial development," concluded Hans Vestberg.

Notes to editors:

Our multimedia content is available at the broadcast

Ericsson is the world's leading provider of technology and services totelecomoperators. Ericsson is the leader in 2G, 3G and 4G mobile technologies, andprovides support for networks with over 2 billion subscribers and has theleading position in managed services. The company's portfolio comprisesmobileand fixed network infrastructure, telecom services, software, broadband andmultimedia solutions for operators, enterprises and the media industry. TheSonyEricsson and ST-Ericsson joint ventures provide consumers with feature-richpersonal mobile devices.

Ericsson is advancing its vision of being the "prime driver in an all-communicating world" through innovation, technology, and sustainablebusinesssolutions. Working in 175 countries, more than 90,000 employees generatedrevenue of SEK 203.3 billion (USD 28.2 billion) in 2010. Founded in 1876withthe headquarters in Stockholm, Sweden, Ericsson is listed on NASDAQ OMX,Stockholm and NASDAQ New York.

Press release as PDF:

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Source: Ericsson via Thomson Reuters ONE



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