ALL SHARES IN LHS ACQUIRED
(Thomson Reuters ONE) -
· Remaining minority shareholders have sold their shares
The remaining minority shareholders in LHS AG (Deutsche Börse: LHS400) have sold
their shares to Ericsson (NASDAQ:ERIC) through a squeeze-out process. This
process was resolved at an extra-ordinary shareholders' meeting on December
21, 2009. As of February 9, 2010, Ericsson is registered as owner of 100% of the
shares in LHS AG and de-listing from Deutsche Börse, Frankfurt am Main, is soon
to be finalized.
LHS is a leading billing and customer care software and services company. With
the acquisition Ericsson combines its prepaid solutions with LHS postpaid
offerings and provides a fully integrated convergent charging and billing
solution for mobile and fixed operators. There are now 1 billion subscribers
charged and billed using Ericsson and LHS solutions.
Notes to editors:
Ericsson announces cash offer to acquire LHS
Ericsson acquires 84 percent of LHS shares
Our 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 2 billion subscribers and has the
leading position in managed services. The company's portfolio comprises 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 being the "prime driver in an
all-communicating world" through innovation, technology, and sustainable
business solutions. Working in 175 countries, more than 80,000 employees
generated revenue of SEK 206.5 billion (USD 27.1 billion) in 2009. Founded in
1876 with the headquarters in Stockholm, Sweden, Ericsson is listed on OMX
NASDAQ, Stockholm and NASDAQ New York.
www.ericsson.com
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www.youtube.com/ericssonpress
FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
E-mail: media.relations(at)ericsson.com
Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail: investor.relations(at)ericsson.com
[HUG#1387484]
LHS: http://hugin.info/1061/R/1387484/345841.pdf
Unternehmensinformation / Kurzprofil:
Datum: 23.02.2010 - 16:01 Uhr
Sprache: Deutsch
News-ID 12855
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Town:
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Kategorie:
Business News
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