Ericsson comments on market rumors
(Thomson Reuters ONE) -
Ericsson (NASDAQ:ERIC) has noted the recent speculation in the press and
financial markets regarding an interest by Cisco (NASDAQ:CSCO) to acquire
Ericsson.
On November 9, 2015, the two companies announced a global business and
technology partnership to create the networks of the future. The partnership
announcement was supported by multiple agreements that include commitments to
network transformation through reference architectures and joint development,
systems-based management and control, a broad reseller agreement, and
collaboration in key emerging market segments.
President and CEO and member of the Board of Directors, Hans Vestberg says: "We
note that there are rumors in the market regarding an acquisition of Ericsson by
Cisco possibly spurred by the recent announcement of a partnership between our
two companies. The talks leading up to the partnership announcement have been
ongoing for a year and there have not been any discussions whatsoever on a
merger or an acquisition."
NOTES TO EDITORS
For media kits, backgrounders and high-resolution photos, please visit
www.ericsson.com/press
Ericsson (NASDAQ:ERIC) is the driving force behind the Networked Society - a
world leader in communications technology and services. Our long-term
relationships with every major telecom operator in the world allow people,
business and society to fulfill their potential and create a more sustainable
future.
Our services, software and infrastructure - especially in mobility, broadband
and the cloud - are enabling the telecom industry and other sectors to do better
business, increase efficiency, improve the user experience and capture new
opportunities.
With approximately 115,000 professionals and customers in 180 countries, we
combine global scale with technology and services leadership. We support
networks that connect more than 2.5 billion subscribers. Forty percent of the
world's mobile traffic is carried over Ericsson networks. And our investments in
research and development ensure that our solutions - and our customers - stay in
front.
Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales
in 2014 were SEK 228.0 billion (USD 33.1 billion). Ericsson is listed on NASDAQ
OMX stock exchange in Stockholm and the NASDAQ in New York.
www.ericsson.com
www.ericsson.com/news
www.twitter.com/ericsson
www.facebook.com/ericsson
www.youtube.com/ericsson
FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Communications
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
The information was submitted for publication on November 16, 2015 at 08:00 am
CET.
Ericsson comments on market rumors:
http://hugin.info/1061/R/1966941/718390.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1966941]
Unternehmensinformation / Kurzprofil:
Datum: 16.11.2015 - 08:00 Uhr
Sprache: Deutsch
News-ID 434708
Anzahl Zeichen: 3796
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 220 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Ericsson comments on market rumors"
steht unter der journalistisch-redaktionellen Verantwortung von
Ericsson (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
