Ericsson announce approval of Microelectronics transaction

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Following the press release dated June 12, 2002 announcing the purchase by Infineon Technologies AG of Ericsson's Microelectronics division, Ericsson is pleased to announce that the transaction has now been approved by all responsible anti-trust authorities. Closing is expected to occur before the end of September 2002.
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.