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2016-02-22

Vestberg at MWC16: 5G, IOT and cloud to disrupt every industry

· Ericsson President and CEO Hans Vestberg says digital disruption
will come to every industry in 2016

· Vestberg affirms strong focus on Cisco partnership; Ericsson Dynamic
Service Manager launched

· Announcement of global alliance with Amazon Web Services (AWS) to
accelerate cloud transformation in the telecommunications service provider
industry

· New IoT Transformation offering leverages Ericsson's global services
footprint, industry experience and technology leadership to help customers
drive IoT business

At Mobile World Congress (MWC) 2016, Ericsson (NASDAQ: ERIC) President and CEO
Hans Vestberg said digital disruption will come to every industry in 2016 and
made major announcements in 5G, the Internet of Things (IoT) and cloud. With
these announcements, Ericsson solidifies its positions as a leading ICT
transformation partner for customers across industries.

As Ericsson's vision of 50 billion connected devices approaches, three
fundamental ICT forces - broadband, mobility and cloud - are rapidly
reshaping value chains, digitalizing business models and creating
possibilities that were previously unimaginable. As an ICT leader, Ericsson
is enabling this transformation and simultaneously evolving itself.

Vestberg said: "Along with our industry and our customers, Ericsson is on a
transformation journey. Today, 66 percent of our business comes from software
and services; just years ago the majority was hardware. The majority of our
principal competitors are ICT players, rather than telecommunications
businesses. Our portfolio is constantly evolving to keep pace with customer
demands. Now, with industries and even whole societies being disrupted by
mobility, broadband and cloud, we are accelerating our own transformation."

Turning to Ericsson's MWC 2016 launches, Vestberg identified 5G, IoT and cloud
as the hottest topics in the ICT industry - and made major announcements in
each area:

5G

* Ericsson has agreements with 20 major operators around the world to work
together on 5G - more than any other vendor. 5G radio test-bed field trials
will start in 2016.
* Ericsson is leading research initiatives for 5G pre-standardization
including 5GEx, METIS II and 5G for Europe; the company is committed to
continued engagement with industry and society partners.
* Ericsson is active in aligning industry time plans (3GPP, ITU-R) to assure
the commercial launch of 5G in 2020.
* Ericsson is delivering 5G technology to improve today's 4G networks -
Ericsson Lean Carrier, Elastic RAN, Massive IoT (NB-IoT and LTE-M).

IoT

* Ericsson's newIoT Transformation offeringis a modular set of IoT
professional services and software solutions that can be tailored to
operators' needs and IoT ambitions. It leverages Ericsson's global services
footprint, industry experience and technology leadership to help customers
drive IoT transformation and business.
* Ericsson is collaborating with AT&T to bring the operator'sDigital Life
solution- which uses IoT technology to transform home security and
automation - to service providers outside the US.

Cloud

* Ericsson has announced plans to form a global business,technology and
services alliance with Amazon Web Services(AWS) to accelerate cloud
transformation for telecoms service providers.
* Ericsson has joined the Open Compute Project (OCP) to drive adoption of
data center solutions based on the company's software-defined
infrastructure and Intel® Rack Scale Architecture.
* Ericsson and Quanta Computer have formed a strategicpartnership to
accelerate manufacturing of the Ericsson Hyperscale Datacenter System 8000.

Establishing a Unified Delivery Network
Ericsson also announced theestablishment of a Unified Delivery Network
(UDN)with global service providers to launch a new ubiquitous content
delivery ecosystem. The UDN is supported by service providers including
Hutchison, Telstra, AIS and Vodafone, and by leading content providers. The
UDN aggregates regional service provider capabilities on a global scale, and
allows consumers to benefit from enhanced quality video experiences through
seamless delivery.

Vestberg underlined that many of these announcements are based on industry
partnerships, since no single company is capable of capturing every
opportunity by itself in an increasingly complex ICT landscape. This year,
more than 50 partners have joined Ericsson at MWC at various levels.

"With the pace of change faster than ever, strong and long-term strategic
partnerships are a necessity to drive growth, accelerate innovation and speed
the digital transformation demanded by customers and consumers across all
industries," he said.

Update on Cisco partnership

One high-profile example isEricsson's next-generation strategic
partnershipwith Cisco to create the networks of the future. Vestberg was
joined on stage by Rima Qureshi, Chief Strategy Officer, Ericsson, and Hilton
Romanski, Chief Strategy Officer, Cisco, to present the latest updates on the
partnership.

With a joint and complete end-to-end offering, global market presence,
unparalleled market position and strong cultural fit, the partnership was
developed to create the networks of the future - and through this, shape the
direction of the industry. Since the partnership was announced in November
2015, close to 200 customer engagements have resulted in multiple customer
wins.

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 joint 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.

Closing the briefing, Vestberg said Ericsson is strongly positioned to create
lasting value in a fast evolving ICT market:

"Digital disruption will come to every industry in 2016. Today's announcements
- together with the hundreds of demonstrations we will show this week at MWC
2016 - clearly demonstrate the strength of our portfolio and our capabilities
as an ICT transformation partner. As the Networked Society accelerates around
us, Ericsson turns great ideas into global realities."

Ericsson at Mobile World Congress 2016

During Mobile World Congress 2016, held February 22 to February 25, 2016 in
Barcelona, Spain, Ericsson will showcase its unique industry insights, the
latest innovation and inspirational discussions that enable powerful new
business opportunities.

We are in the midst of the societal transformation we call the Networked
Society: a society in which mobility, broadband and cloud empower every
person and every industry to reach their full potential. Opportunity is
everywhere, and companies are transforming according to the role they have
chosen to play in the value chains and ecosystems of the Networked Society.

Join us in our Hall (Hall 2, Stand 2N60) to learn about 5G, the Internet of
Things and cloud, and to discuss the impact digital transformation can have
on people, business and society.

Follow the conversation online:

www.twitter.com/ericsson

www.linkedin.com/company/ericsson

NOTES TO EDITORS

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

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

Press Release - Vestberg at MWC16 - 5G IOT and cloud disrupt
http://hugin.info/1061/R/1987977/729838.pdf

---------------------------------------

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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