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2016-02-22

Ericsson: Ericsson and Cisco announce new joint customer engagements and offerings

Today at GSMA's Mobile World Congress 2016, Ericsson (NASDAQ:ERIC) and Cisco
(NASDAQ:CSCO) reported significant progress in all areas of their
next-generation strategic partnership, announced in November 2015. The
companies' sales forces have successfully engaged with customers across the
world on business deals spanning networking, mobility and cloud technologies,
IP transformation and managed services agreements, resulting in new and
expanded businesses opportunities.

With a joint and complete end-to-end offering, global market presence,
unparalleled market position and strong cultural fit, the partnership was
developed to drive growth, accelerate innovation and speed up digital
transformation. In the three months since the partnership was announced,
close to 200 customer engagements have resulted in multiple recent customer
wins, including agreements with operators for mobile IP backbone network
transformation, transformation of TV proposition and cable network,
modernization of mobile backhaul leveraging Ericsson's systems integrations
and global services capabilities.

In addition, Cisco today announced a collaboration with Ericsson and Intel to
develop a next-generation5G router for business and residential services.
Together they will begin to develop and trial what is expected to be the
industry's first 5G (fifth-generation mobile networks) router. As members of
the Verizon 5G Technology Forum, Cisco, Ericsson and Intel are partnering
with Verizon within an ecosystem to accelerate the pace of critical 5G
innovations.

The two companies have accelerated work on their joint go-to-market models and
sales force training, and are making progress with their tactical planning
and global resource build-up. Further solutions and collaborations are being
pursued in parallel in six strategic areas - IP core, fixed cable broadband
access, business VPN, mobile backhaul, IP transformation services and IP&IT
managed services - as well as smart cities, with the potential to collaborate
on Internet of Things (IoT) technology development.

Ericsson also introduced today theEricsson Dynamic Service Manager, a new
product for real-time management of network services via multiple technology
and vendor domains. The result of a collaboration and encompassing
intellectual property from the two companies, the Dynamic Service Manager
will initially focus on multi-vendor mobile backhaul, IP core, and enterprise
VPNs. It brings together Ericsson's leadership in OSS and Cisco's expertise
in IP and optical for the cost-effective management of complex network
services. General availability of this product is expected in second half of
2016.

Beyond these partnership developments, the two companies have also signed a
joint intellectual property rights agreement, as well as a professional
services agreement. The latter will leverage a combination of 66,000 Ericsson
and 11,000 Cisco services employees to provide consulting, systems
integration, support and managed services across IT and networks in 180
countries.

Hans Vestberg, President and CEO, Ericsson, said: "I'm excited about the
feedback from the customers and from the sales force when we present our
joint capabilities. It is clear that our two companies approach this
partnership with the same commitment and will to execute. With rising network
complexity and performance requirements the strategic partnership offers a
clear value to our customers."

Chuck Robbins, CEO, Cisco, said: "In today's fast-paced world, next generation
strategic partnerships allow us to innovate and move with greater speed.
Since announcing our partnership with Ericsson in November, we have great
momentum resulting in cost-effective solutions, improved experiences, and
faster time to market for our customers. Our complementary portfolios and
intense customer focus make me more convinced than ever that Cisco and
Ericsson's unique partnership will drive even greater growth for our
customers and faster innovation for the industry."

About the partnership

Ericsson and Cisco - two industry leaders in the development and delivery of
networking, mobility, and cloud - formed a global business and technology
partnership in November 2015 to create the networks of the future. The
partnership offers customers the best of both companies: routing, data
center, networking, cloud, mobility, management and control, and global
services capabilities. Industry-leading scale and services capability will
deliver differentiated customer value for service providers, enterprises, and
the Internet of Things ecosystem. Please note that the partnership is not yet
effective in Brazil, where it is subject to regulatory review and approval.

NOTES TO EDITORS

About Cisco

Cisco (NASDAQ: CSCO) is the worldwide technology leader that has been making
the Internet work since 1984. Our people, products, and partners help society
securely connect and seize tomorrow's digital opportunity today. Discover
more at thenetwork.cisco.com and follow us on Twitter at @Cisco.

About Ericsson

For media kits, backgrounders and high-resolution photos, please
visitwww.ericsson.com/press

Ericsson is the driving force behind the Networked Society - a world leader in
communications technology and services. Our long-term relationships with
every major telecom operator in the world allow people, business and society
to fulfill their potential and create a more sustainable future.

Our services, software and infrastructure - especially in mobility, broadband
and the cloud
- are enabling the telecom industry and other sectors to do better business,
increase efficiency, improve the user experience and capture new
opportunities.

With approximately 115,000 professionals and customers in 180 countries,
we combine global scale with technology and services leadership. We support
networks that connect more than 2.5 billion subscribers. Forty percent of the
world's mobile traffic is carried over Ericsson networks. And our investments
in research and development ensure that our solutions - and our customers -
stay in front.

Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales
in
2015 were SEK 246.9 billion (USD 29.4 billion). Ericsson is listed on NASDAQ
OMX stock exchange in Stockholm and the NASDAQ in New York.

www.ericsson.com

www.ericsson.com/news

www.twitter.com/ericssonpress

www.facebook.com/ericsson

www.youtube.com/ericsson

FOR FURTHER INFORMATION, PLEASE CONTACT

Ericsson Corporate Communications
Phone: +46 10 719 69 92
E-mail:media.relations@ericsson.com

Cisco Communications; Jim Brady
Phone: +1 408 424-2150
E-mail:mailto:jimbrady@cisco.com

Press Release - Ericsson and Cisco new engagements and offerings
http://hugin.info/1061/R/1987967/729835.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ericsson via Globenewswire

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Författare WKR

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