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2016-01-18

Ericsson: Ericsson announces intention to acquire FYI Television

* FYI Television is a global TV metadata and entertainment image content
provider based in Grand Prairie, Texas, with approximately 150 employees
* Combining FYI Television's US-market expertise and reach with Ericsson's
leading position in content discovery in Europe will create a powerful
global force in content discovery
* Content discovery is a key component of Ericsson's TV and Media strategy to
improve the video experience in a multiscreen world
Ericsson (NASDAQ: ERIC) today announces its intention to acquire FYI
Television, the premier entertainment metadata and rich media content
supplier based in Grand Prairie, Texas. The acquisition, which is subject to
customary closing conditions, will strengthen Ericsson's already
industry-leading position in broadcast and media services. FYI Television
accumulates and distributes TV entertainment content and linear scheduling
data from over 9,000 TV networks daily, aggregating the information into
customized formats for various digital, media, content, analytics and print
clients for use on their connected devices such as tablets, phones, desktops,
internet portals and gaming consoles.

The growing range of TV and video services available on a variety of devices
creates a wide range of options for viewers to choose between. Based on
Ericsson's latest ConsumerLab research, 50 percent of linear TV viewers say
they can't find good programming to watch on a daily basis - highlighting the
importance of content discovery. Combining FYI Television's US-market
expertise in metadata, conversion and integration services with Ericsson's
leading position in these areas in Europe will create a powerful global force
in content discovery. Whether viewers are watching linear or on-demand video,
Ericsson will ensure they can discover content whenever - and wherever - they
search for it; and always in the right format.

Magnus Mandersson, Executive Vice President and Head of Business Unit Global
Services at Ericsson, says: "As the TV industry evolves and viewing behavior
changes, we believe that high-quality, rich metadata will be a key component
for a personalized TV experience. Combined with our capabilities in TV
platforms and content discovery, we will be able to help our customers to
improve the video experience and identify new revenue opportunities. FYI
Television's expertise and customer base in the US is a great complementary
fit for Ericsson and will be an integral part of our growth strategy. It will
strengthen our position as one of the leading providers of media services in
the world."

FYI Television's employees will join Business Line Broadcast&Media Services,
part of Ericsson's Business Unit Global Services, with the acquisition
expected to close in Q1 2016.

Earlier this year, Ericsson established a US broadcast and media services hub
based in Atlanta, Georgia. The company currently provides closed captioning
services to broadcasters around the world from this hub, with plans to roll
out video description services over the coming months.

Every day, people on all continents watch television programs prepared,
managed and broadcast by more than 2,500 Ericsson staff based in Europe, the
Middle East, Asia Pacific and the US.

Ericsson is the largest provider of content discovery services in Europe,
delivering metadata, images, search and recommendations on more than 3,000 TV
channels in over 30 languages. Every year, Ericsson Broadcast and Media
Services distributes more than 2.7 million hours of programming in more than
90 languages for more than 500 TV channels worldwide. In addition, we provide
more than 200,000 hours of captioning each year - 80,000 hours of which is
live.

NOTES TO EDITORS

Ericsson Broadcast&Media Services

About FYI Television

FYI Television, Inc. (FYI), the TV metadata and entertainment image content
expert, accumulates and distributes TV entertainment content and linear
scheduling data from more than 9,000 TV networks daily, aggregating the
information into customized formats for various digital, media, content,
analytics and print clients for use on their connect devices such as tablets,
phones, desktops, internet portals and gaming consoles. FYI's
state-of-the-art databases contains more than 2.8 million cast and crew
related entities, 1.5 million images directly relating to specific program
titles, celebrities and stations, including logos, seasonal key art, movie
posters and iconic stills. Through the vast array of applications hundreds of
millions of consumers engage with FYI's content daily. FYI content discovery
platforms deliver more than 11.5 million words to electronic program guides,
websites and connected devices every week.

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 2014 were SEK 228.0 billion (USD 33.1 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

Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail:investor.relations@ericsson.com

Ericsson announces intention to acquire FYI Television
http://hugin.info/1061/R/1979679/725175.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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