Ericsson sells St. James´s to BP

Ericsson sells St. James's to BP Ericsson has sold its property at 1 St. James's Square in London to BP for GBP 117 million. BP intends to move its global corporate headquarter to 1 St. James's Square. The transaction will be effective by year-end. As earlier announced Ericsson will move its London-based operations from St. James's Square to 105 Wigmore Street, an equally central location offering the accommodation it needs. The transaction is part of a long-term strategy to divest non-core assets and reallocate these funds to business activities. 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 Media: Åse Lindskog, Director, Media Relations Ericsson Corporate Communications Phone: +46 730 24 48 72; E-mail: Investors: 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