Ericsson sells production facilities in Sulmona, Italy to Finmek

Ericsson sells production facilities in Sulmona, Italy to Finmek Ericsson Transmissioni S.p.A. and Finmek have agreed on the outsourcing of Ericsson's production facilities in Sulmona, Italy. The outsourcing is in line with Ericsson's strategy to focus on core business. The sale will be effective as of March 31, 2000. Hereafter, Finmek will take over the Sulmona facilities and provide Ericsson with production services on a contract basis. The production facilities in Sulmona primarily handle assembly and testing of telecommunications equipment. "Ericsson's sale of the Sulmona production facilities is well in line with the company's overall strategy to focus on the convergence of mobility and Internet communications," says Björn Boström, Senior Vice President Supply & IT, Ericsson. Approximately 230 Ericsson employees will be transferred to Finmek in connection with the sale. The contract will broaden the already successful cooperation between Ericsson and Finmek, which was established earlier through the sale of Ericsson's production facilities in Pagani, Italy to Finmek in 1999. With this acquisition Finmek further strengthens its market position in contract manufacturing and advanced technology. Ericsson is the leading provider in the new telecoms world, with communications solutions that combine telecom and datacom technologies with freedom of mobility for the user. With more than 100,000 employees in 140 countries, Ericsson simplifies communications for its customers - network operators, service providers, enterprises and consumers - the world over. Please visit Ericsson's Press Room at: http://www.ericsson.se/pressroom FOR FURTHER INFORMATION, PLEASE CONTACT Björn Boström, Senior Vice President Supply & IT, Ericsson Phone: +46 8 7570746, E-mail: bjorn.bostrom@lme.ericsson.se Mads Impgaard Madsen, Press Manager, Ericsson Phone: +46 70 666 2903; E-mail: mads.madsen@lme.ericsson.se Deanna Vigna, External Relations Manager, Finmek Phone: +39 0348 3060 622; Email: deanna.vigna@ics-olivetti.com ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/02/15/20000215BIT00770/bit0001.doc http://www.bit.se/bitonline/2000/02/15/20000215BIT00770/bit0002.pdf

About Us

Ericsson is a world leader in communications technology and services with headquarters in Stockholm, Sweden. Our organization consists of more than 111,000 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 2016 were SEK 222.6 billion (USD 24.5 billion). The Ericsson stock is listed on Nasdaq Stockholm and on NASDAQ in New York. Read more on www.ericsson.com.

Subscribe