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Ericsson completes acquisition of BelAir Networks

April 2, 2012 - Stockholm, Sweden

* Ericsson acquires 100% stake of BelAir Networks

* BelAir Networks goes under Ericsson brand effective today

* Ericsson committed to support BelAir Networks' customers

Ericsson (NASDAQ: ERIC) today announces the completion of its acquisitionofBelAir Networks, a North American carrier-grade Wi-Fi company. Thisacquisitiongives Ericsson a strong carrier-grade Wi-Fi portfolio, technologicalexpertise,IPR, and established customer contracts and relationships.

Today's closing follows the announcement on February 21, 2012 that Ericssonhadentered into an agreement to acquire 100 percent of the shares in BelAirNetworks.

"We are gaining BelAir Networks' leading position in carrier-grade Wi-Fiequipment both in terms of installed base and product portfolio. ByintegratingBelAir Networks' talented people and these new assets into Ericsson'smobileinfrastructure leadership, we will accelerate the integration of Wi-Fi andcellular technologies and strengthen our heterogeneous network (hetnet)offering," said Johan Wibergh, Executive Vice President and head ofbusinessunit Networks, Ericsson.

"We welcome BelAir Networks' 120 employees to Ericsson. Together we candeliverthe industry's first integrated Wi-Fi cellular offering to Ericsson'sglobalcustomer base in 180 countries, to enhance consumers' mobile broadbandexperience," continued Wibergh.

The former BelAir Networks' staff will be integrated into the Ericssongroup inbusiness unit Networks over the coming months and will work under theEricssonbrand effective today. Ericsson is committed to ongoing evolution of BelAirNetworks' former customer networks and the assurance of a seamless businesstransition.


Ericsson to acquire North American carrier grade Wi-Fi company BelAirNetworks

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Ericsson is the world's leading provider of communications technology andservices. We are enabling the Networked Society with efficient real-timesolutions that allow us all to study, work and live our lives more freely,insustainable societies around the world.

Our offering comprises services, software and infrastructure withinInformationand Communications Technology for telecom operators and other industries.Todaymore than 40 percent of the world's mobile traffic goes through Ericssonnetworks and we support customers' networks servicing more than 2 billionsubscribers.

We operate in 180 countries and employ more than 100,000 people. Founded in1876, Ericsson is headquartered in Stockholm, Sweden. In 2011 the companyhadrevenues of SEK 226,9 billion (USD 35.0 billion). Ericsson is listed onNASDAQOMX, Stockholm and NASDAQ, New York stock exchanges.

Press Release (PDF):

This announcement is distributed by Thomson Reuters on behalf ofThomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Ericsson via Thomson Reuters ONE[HUG#1598985]


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