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2014-05-28

Ericsson: Ericsson to grow Silicon Valley presence with New Campus

* New facility builds on Ericsson's growing investments in Silicon Valley
* Brings together approximately 2,000 Ericsson staff dedicated to research
and development in IP, TV and Media, SDN, NFV and mobile innovation
* Includes more than 400,000 square feet of operational space in two
buildings at Santa Clara Square and a state-of-the-art Ericsson Experience
Center

Ericsson (NASDAQ:ERIC) today announced the construction of a new campus in
Santa Clara, California, the latest in a series of big investments designed
to accelerate innovation in Silicon Valley.

The new campus will consolidate Ericsson's Silicon Valley operations, bringing
together approximately 2,000 Ericsson staff dedicated to driving innovation
in IP and TV and Media. The announcement builds on Ericsson's commitment to
strategic investment in the region, including the acquisition last September
of Microsoft's Mediaroom TV platforms and services division.

Per Borgklint, Senior Vice President and Head of Business Unit Support
Solutions for Ericsson said: "Ericsson's new campus unites our rapidly
expanding Silicon Valley workforce and creates an environment that will
inspire our employees and customers. So much of our research and development
is built on internal and external collaboration. Together with our customers
and partners, Ericsson is driving IP, TV and Media innovation, and
accelerating development of the media enabled, interoperable and programmable
network of tomorrow."

Santa Clara Square, being developed by Irvine Company, will include over
400,000 square feet of workspace for Ericsson in two buildings, located along
the Great America/Bowers corridor at Highway 101, south of Levi's Stadium in
the heart of Silicon Valley. Interior design will feature Ericsson's open and
flexible workspace environment, which supports enhanced collaboration. The
facility will also feature a state-of-the-art Ericsson Experience Center for
customers and partners. Construction is underway and the facility is expected
to be available for Phase One occupancy during Q3 2015.

"Ericsson's expansion in Silicon Valley has grown in tandem with the region's
increasing gravitational pull on the technology sector," said Bina Chaurasia,
Chief Human Resources Officer, Head of Group Function Human Resources and
Senior Vice President, Ericsson. "Our company has a growing need for software
engineers and employees with a technology savvy skill set who can partner,
create, learn, sustain and innovate; helping us move toward what Ericsson
calls the 'Networked Society.'"

Bina will maintain her global role, but will relocate to the Bay Area.

Silicon Valley plays a critical role in Ericsson's efforts to drive the
innovation and technology that will shape the future. Since 2009, the region
has been the center of development for Ericsson's IP solutions; it has
cultivated a rich ecosystem of partnerships to deliver innovative
network-based experiences with the latest Software Defined Network (SDN),
Network Functions Virtualization (NFV) and radio technologies.

"Over the years, Ericsson's growing presence in Silicon Valley has
significantly enhanced our ability to innovate and collaborate with our
customers and partners in the region. With our new campus, we're accelerating
Ericsson research, development and innovation even further," said Maya
Strelar-Migotti, Vice President of Development Unit IP and Broadband and Head
of Ericsson Silicon Valley.

Silicon Valley is also a center for Ericsson innovation in TV and Media. As a
leader in the convergence of IP, TV and Media, Ericsson is uniquely
positioned to develop the technologies that will transform the television and
video entertainment experiences seen by millions of people every day.

While strengthening its presence, Ericsson is continuing to build an open
community in Silicon Valley with partners including the AT&T Foundry,
Facebook, and the Linux Foundation OpenDaylight Project. Current projects,
including the Ericsson OpenDaylight and Smartphone Labs, will relocate to the
new facility. Ericsson will continue its commitment to open the Internet.org
Innovation Lab on Facebook's Menlo Park campus in summer 2014.

Ericsson has 15,000 total employees across the United States and Canada, and
has invested $7 billion in U.S. acquisitions over the past six years, with
plans for further growth and technology leadership in the U.S.

NOTES TO EDITORS

Download high-resolution photos and broadcast-quality video
atwww.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, businesses and
societies 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 more than 110,000 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 2013 were SEK 227.4 billion (USD 34.9 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 to grow Silicon Valley presence with New Campus
http://hugin.info/1061/R/1789217/614971.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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