Ericsson, Qualcomm conclude purchase of CDMA infrastructure business

Ericsson, Qualcomm conclude purchase of CDMA infrastructure business Ericsson announced today that it has concluded its purchase of Qualcomm's terrestrial Code Division Multiple Access (CDMA) wireless infrastructure business, including its R&D resources in San Diego and Boulder, Colo. The transaction, previously announced in March, also resolves all disputes globally between the companies relating to CDMA technology. Under the series of agreements, Ericsson and Qualcomm both support a single CDMA standard with three optional modes for the net generation of wireless communications, have entered into cross licenses for their respective patent portfolios and have settled the pending patent infringement litigation between the two companies. Approximately 1,200 Qualcomm employees in San Diego, Calif. and Boulder, Colo. are being transferred to Ericsson as part of the acquisition. 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 Lars A. Stålberg, Senior Vice President, Corporate Communications Phone: +46 8 719 3162 Per Bengtsson, Vice President, Investor Relations, Ericsson Inc. Phone: +1 212 685 4030 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/05/25/19990525BIT00080/bit0001.doc http://www.bit.se/bitonline/1999/05/25/19990525BIT00080/bit0002.pdf