Ericsson extends service agreement with Compaq

Ericsson extends service agreement with Compaq Ericsson extends its current service agreement with Compaq. The extension is in line with Ericsson's efforts to reduce its IT-costs. The agreement, which runs over 5 years and has a total value of USD 200 million, is a natural extension of the current service agreement in Sweden between Ericsson and Compaq. The extension consists of more sites in Sweden as well as active asset management. The agreement will increase Ericsson's flexibility regarding use of IT services and equipment. The agreement also includes the sale of hardware to Compaq, like Unix servers, workstations, NT servers, desktop and notebook PC's. The sales transaction, worth USD 140 million, will be effective before year-end. 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 about Ericsson at FOR FURTHER INFORMATION, PLEASE CONTACT Åse Lindskog, Director, Media Relations Ericsson Corporate Communications Phone: +46 730 24 48 72; E-mail: Maria Bernström, Director, Investor Relations Ericsson Corporate Communications Phone: +46 705 33 47 50; E-mail:

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Ericsson is a world leader in communications technology and services with headquarters in Stockholm, Sweden. Our organization consists of more than 100,000 experts who provide customers in 180 countries with innovative Solutions and services. Together we are building a more connected future where anyone and any industry is empowered to reach their full potential. Net sales in 2017 were SEK 201.3 billion (USD 23.5 billion). The Ericsson stock is listed on Nasdaq Stockholm and on NASDAQ in New York. Read more on