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Ericsson increases ownership in LG-Ericsson

STOCKHOLM, SWEDEN — (Marketwire) — 03/22/12 —

* Increases ownership from 50% plus one share, to 75%

* Ownership in LG-Ericsson has successfully established Ericsson in the
Korean
market

Ericsson (NASDAQ: ERIC) today announced it has acquired additional shares
in LG-
Ericsson. Before the purchase, Ericsson held 50% of the shares plus one
share.
After the share purchase, Ericsson holds 75% of the shares in LG-Ericsson.

LG-Ericsson is a joint venture between LG Electronics and Ericsson in which
Ericsson acquired Nortel-s part of the company in July 2010. The company
provides customized solutions for operators and enterprises with a
portfolio of
mobile and fixed network infrastructure, telecom services, software,
broadband,
voice and data network solutions for enterprises.

The company has 1,300 employees and is headquartered in Seoul, Republic of
Korea. The joint venture is fully consolidated by Ericsson since the
acquisition in 2010.

NOTES TO EDITORS

Press release from April 21, 2010, about Ericsson acquiring Nortel-s
majority
shareholding in LG-Nortel:

Our multimedia content is available at the broadcast room:

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

Our offering comprises services, software and infrastructure within
Information
and Communications Technology for telecom operators and other industries.
Today
more than 40 percent of the world-s mobile traffic goes through Ericsson
networks and we support customers- networks servicing more than 2 billion
subscribers.

We operate in 180 countries and employ more than 100,000 people. Founded in
1876, Ericsson is headquartered in Stockholm, Sweden. In 2011 the company
had
revenues of SEK 226,9 billion (USD 35.0 billion). Ericsson is listed on
NASDAQ
OMX, Stockholm and NASDAQ, New York stock exchanges.

Press release in PDF:

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#1596203]

FOR FURTHER INFORMATION, PLEASE CONTACT

Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
E-mail:

Ericsson Investor Relations
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