Teleca Transfers Umeå Office as Part of Restructuring of Product Operations

Teleca has announced the restructuring of its product operations. As part of this process, Teleca has signed a contract with a recently started company which will take over 36 employees from the Teleca Mobile Umeå office.

In October 2006, Teleca decided to close the Teleca Mobile offices in Ronneby, Stockholm and Umeå, decreasing the staff by 150. As the contract regarding the Umeå office takes effect, Teleca Mobile no longer has any operations or staff on these three locations. Instead, Teleca will concentrate the product development to the Malmö region and increase the scope of product development and testing in its Russian office.

The contract does not comprise products or immaterial rights.

The transfers that have been made and the costs associated with that are in line with the restructuring programme that was announced in October, 2006. As previously stated, the programme will be finalised during the second quarter of 2007.

For more information, please contact:
• Christian Luiga, CFO, Teleca AB, mobile +46 703 75 16 04
• Mattias Stenberg, Investor Relations Manager Teleca AB, mobile +46 706 11 96 16

About Us

Teleca is a world-leading expert and supplier of software services for all industries where mobile and wireless solutions are used. We offer world class operations and execution capability, both on-site and offshore. Teleca’s technology experts help the leaders and innovators of the connected devices industries deliver products and services that add new dimensions to the networked community. Our unmatched mobile software solutions, global reach and engineering experience enable you to realize your products and visions. In essence, we help the industry offer users great mobile experiences using turnkey, cost effective solutions with faster time to market. We are increasingly using Open Source Software components and software created by our strategic partner network to make our offerings even more comprehensive – and our customers ever more successful. Due to our unique position in the market place we are able to rapidly understand emerging market trends and needs and to proactively propose solutions to our customers. Telecas scale and global reach are unique. We support our customers wherever they are. Teleca has approximately 2,000 employees in 12 countries in Asia, Europe and North America. Teleca. Engineering mobile solutions.


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