Next step in M2M communication with Telenor Connexion
(Thomson Reuters ONE) -
* Assets from Telenor Connexion to strengthen offering within M2M
communication
* Telenor Connexion first customer on Ericsson's Device Connection Platform, a
service allowing operators to offer M2M connection beyond smartphones and
laptops
* Cloud-based 'software as a service' business model minimizing entry barriers
Ericsson (NASDAQ:ERIC) has today entered an agreement to acquire Telenor
Connexion's M2M (machine-to-machine) technology platform. The acquisition
follows Ericsson's ambition to drive the market for M2M communication, adding
valuable technology and know-how from eleven employees that will be transferred
as part of the deal. Telenor Connexion is wholly owned by Telenor Group, one of
the world's major mobile operators with 203 million mobile subscribers.
Telenor Connexion also becomes the first customer to Ericsson on its Device
Connection Platform, a service launched during the Mobile World Congress in
February. The Device Connection Platform offers telecom operators a way to set
up tailored M2M services for enterprise customers and is brought to market with
a 'software as a service' business model, providing a low initial investment in
technology and a fast time to market.
Mobile connectivity is used in several M2M solutions such as smart meters and
fleet management and is useful in all products with software, which can be
easily upgraded if they were connected to a mobile network.
Per Simonsen, CEO at Telenor Connexion says: "M2M solutions have gained momentum
and the market is much more mature compared to when we formed Telenor Connexion
in 2008. Utilizing our offering on Ericsson's platform means that we can focus
our resources on value adding services, improved and customized products, and
partnerships to further strengthen our position as the leading provider of
premium M2M solutions for business and life critical applications."
Magnus Furustam, Vice President, Head of Core & IMS at Ericsson, says: "Telenor
Connexion's M2M technology platform complements our service and will improve our
offering, adding the know-how of the pioneers in this area. Our ambition is to
grow the M2M market and offer our customers a solution that they can quickly use
on the market for a low initial investment."
The acquisition includes Telenor Connexion's M2M technology platform and
transfer of eleven employees who will continue to work with development of the
service offering provided on Ericsson's Device Connection Platform.
The acquisition is not subject to approval from authorities but to contractual
agreements before closing. No financial details about acquiring the assets have
been announced.
Notes to editors:
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 90,000 employees generated
revenue of SEK 203.3 billion (USD 28.2 billion) in 2010. Founded in 1876 with
the headquarters in Stockholm, Sweden, Ericsson is listed on NASDAQ OMX,
Stockholm and NASDAQ New York
www.ericsson.com
www.twitter.com/ericssonpress
www.facebook.com/technologyforgood
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
Press release as PDF:
http://hugin.info/1061/R/1507369/442195.pdf
Magnus Furustam High Resolution:
http://hugin.info/1061/R/1507369/442377.jpg
This announcement is distributed by Thomson Reuters on behalf of
Thomson 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#1507369]
Unternehmensinformation / Kurzprofil:
Datum: 19.04.2011 - 10:00 Uhr
Sprache: Deutsch
News-ID 53700
Anzahl Zeichen: 5270
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 215 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Next step in M2M communication with Telenor Connexion"
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).
