Ericsson Expands Strategy and technology consulting capabilities

inCode's Strategy and Technology Group assets acquired

· Uniquely complements current capabilities for innovative solutions for business and network transformation

· Deepens and expands relationships with North American customers

Ericsson (NASDAQ:ERIC) announced the acquisition of certain assets of inCode's Strategy and Technology Group, a premiere professional services firm providing strategic business and consulting services to leading clients in telecommunications.

The acquisition brings approximately 45 highly skilled strategy, business, and technical consultants in the United States and Canada in addition to contracts, technology and intellectual property. With an unparalleled reputation for expertise, credibility, and confidence the inCode team has built an extensive North American client base and has been at the forefront of consultative services around all major facets of business transformations in the telecom industry for the last 10 years. Terms of the deal were not disclosed.

"inCode adds unique expertise in complex, strategic and technical consulting engagements that will enable us to immediately enhance the value that we bring to our customers," said Magnus Mandersson, Senior Vice President and Head of Business Unit Global Services, Ericsson. "It is further proof of Ericsson's commitment to act as the partner of choice for the business transformation currently taking place within the telecommunications industry."

Ericsson has a proactive, consultative approach to working with its customers that closely aligns with inCode's business model. The acquisition enhances Ericsson's ability to assist North American clients in creating winning strategies and solutions that position customers to be more successful in an increasingly complicated and competitive market. inCode will now be able to leverage Ericsson's deep industry presence in mobile broadband, fixed broadband and convergence, consumer and business applications, television and media management and managed services.

The acquired organization will operate as the Strategy Consulting Group of Ericsson North America under the inCode brand.

Notes to editors:

Pictures of Magnus Mandersson:

www.ericsson.com/ericsson/press/photos/magnus_mandersson.shtml