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Technology Stocks : Ericsson overlook?
ERIC 9.605+0.6%Dec 18 3:59 PM EST

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To: P2V who wrote (1646)5/25/1998 11:40:00 PM
From: P2V   of 5390
 
ERICSSON FORMS NEW COMPANY IN SWEDEN

The Swedish telecommunications market continues to develop with
increased competition. Ericsson will strengthen its ability to
support its customers by forming, on July 1, 1998, a new company,
Ericsson Sverige AB, with responsibility for all infrastructure and
systems related business with Telia as well as with new operators in
Sweden.

Ericsson will mobilize its joint resources for improved service to
individual customers through the formation of the new company. With
the new company Ericsson in Sweden will be organized in a way
similar to its organization in other major markets.

Ingemar Nilsson has been appointed head of the new company in
Sweden. Ingemar Nilsson is at present vice president, general
manager of business unit Public Networks within Infocom Systems. He
has previously held different management positions including as vice
president, general manager region Asia, Africa and Latin America and
as vice president, general manager region UK.

Ericsson's 100,000 employees are active in more than 130 countries.
Their combined expertise in fixed and mobile networks, mobile phones
and infocom systems makes Ericsson a world-leading supplier in
telecommunications.

FOR FURTHER INFORMATION, PLEASE CONTACT

G”ran Whitlock, Corporate Human Resources and Organization
Tel. +46 8 719 27 54, +46 70 519 27 54

Pia Gideon, Manager External Relations,
Ericsson Corporate Relations
Tel. +46 8 719 2864, or +46 70 519 2864

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