Ericsson acquires Hewlett-Packard's remaining interest in EHPT

Ericsson acquires Hewlett-Packard's remaining interest in EHPT In order to build a strong position within business support systems and billing systems for 3G and Internet payment, Ericsson has decided to acquire Hewlett-Packard's remaining 19 per cent interest in EHPT. EHPT's activities will be consolidated into Ericsson's operations, effective September 4, 2001. By consolidating these operations Ericsson strengthens its telecom management activities and creates new possibilities and competence synergies. HP will remain a strong partner of Ericsson, reselling, implementing and supporting billing systems and business support systems through the different HP organizations. HP has wide expertise in this market area, supporting customers around the world. EHPT today employs around 900 people. The company was founded in 1993 as a joint venture owned by Ericsson and Hewlett-Packard. Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world. Read more at http://www.ericsson.com/press FOR FURTHER INFORMATION, PLEASE CONTACT Åse Lindskog, Director Media Relations Corporate Communications Phone: +46 8 719 97 25 Mobile: +46 730 24 4872 E-mail: ase.lindskog@lme.ericsson.se Ann-Louise Öhrn Vice President Corporate Communications, EHPT Phone: +46 31 746 2907 Mobile: +46 70 686 2907 E-mail: ann-louise.ohrn@ehpt.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/08/23/20010823BIT00860/bit0001.doc http://www.waymaker.net/bitonline/2001/08/23/20010823BIT00860/bit0001.pdf