Carl-Henric Svanberg states that Ericsson's vision of communications for all is rapidly becoming a reality

Wednesday, 14. May 2008 12:38
Today at Ericsson's (NASDAQ:ERIC) Capital Markets Day in Stockholm,
President and Chief Executive Officer, Carl-Henric Svanberg spoke
about Ericsson's position and the company's vision going forward
which will increasingly focus on broadband, multimedia services and
network transformation.

Svanberg said: "We are advancing our vision now that basically anyone
who wants a mobile phone will soon be able to have one. We envision
an all communicating world where the majority of people everywhere
will have access to information and the ability to share it
instantly, whenever and wherever they want. We aim to do the same for
broadband what we have already done for telephony - make it mobile,
available and affordable for the majority of the world's population."

Ericsson anticipates that by 2013, there will be some 6.5 billion
mobile subscriptions and over two and a half billon broadband
subscriptions of which more than two-thirds will be mobile. Growth of
broadband implies increasing demand for expanded network capacity and
functionality going forward.

"Since the introduction of GSM fifteen years ago, network operators
have deployed some three million radio base stations. Another couple
of million radio base stations will be needed over the next five
years just to provide the network coverage for the expected increase
in mobile subscriptions. In addition, the capacity and functionality
of the current installed base will need to be expanded and upgraded
to accommodate the continued growth anticipated for mobile broadband
traffic," said Svanberg.

The management team emphasized Ericsson's technology leadership,
scale advantage and global presence as essential to the company's
ability to outpace the market growth. Ericsson is also preparing for
future opportunities with increased R&D which will amount to USD 25
b. over the next five years, and with an increasing portion of R&D
within software. This has been complimented with acquisitions within
the high growth areas of systems integration, multimedia, IP routing,
broadband access and transmission.

The market trends in different regions and market dynamics were also
discussed along with the challenges and opportunities that they bring
to the company.

Ericsson had the honor to welcome Boris Nemsic, CEO Telekom Austria
and Mobilkom Austria, and Mads Middelboe, CEO TDC Mobile Nordic, as
speakers to the Capital Markets Day.

Sony Ericsson's Executive Vice President and head of Sales Anders
Runevad, also participated as a speaker.

Other featured Ericsson speakers at the Capital Markets Day included
Hans Vestberg, Chief Financial Officer; Kurt Jofs, Executive Vice
President, head of business unit Networks; Jan Frykhammar, Senior
Vice President, head of business unit Global Services and Jan Wäreby,
Senior Vice President and head of business unit Multimedia.

Ericsson is the world's leading provider of technology and services
to telecom operators. The market leader in 2G and 3G mobile
technologies, Ericsson supplies communications services and manages
networks that serve more than 195 million subscribers. The company's
portfolio comprises mobile and fixed network infrastructure, and
broadband and multimedia solutions for operators, enterprises and
developers. The Sony Ericsson joint venture provides consumers with
feature-rich personal mobile devices.

Ericsson is advancing its vision of 'communication for all' through
innovation, technology, and sustainable business solutions. Working
in 175 countries, more than 70,000 employees generated revenue of
USD 27.9 billion (SEK 188 billion) in 2007. Founded in 1876 and
headquartered in Stockholm, Sweden, Ericsson is listed on the
Stockholm and NASDAQ stock exchanges.

For more information, visit www.ericsson.com or www.ericsson.mobi.


FOR FURTHER INFORMATION, PLEASE CONTACT

Media
Ericsson Media Relations
Phone: +46 8 719 69 92
E-mail: press.relations@ericsson.com

Investors
Ericsson Investor Relations
Phone: +46 8 719 00 00
E-mail: investor.relations@ericsson.com

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Related Links: Ericsson
Author:
Hugin
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