Telecomunicazioni
Ericsson comments on market rumors
Ericsson (NASDAQ:ERIC) has noted the recent speculation in the press and financial markets regarding an interest by Cisco (NASDAQ:CSCO) to acquire Ericsson.
On November 9, 2015, the two companies announced a global business and technology partnership to create the networks of the future. The partnership announcement was supported by multiple agreements that include commitments to network transformation through reference architectures and joint development, systems-based management and control, a broad reseller agreement, and collaboration in key emerging market segments.
President and CEO and member of the Board of Directors, Hans Vestberg says: "We note that there are rumors in the market regarding an acquisition of Ericsson by Cisco possibly spurred by the recent announcement of a partnership between our two companies. The talks leading up to the partnership announcement have been ongoing for a year and there have not been any discussions whatsoever on a merger or an acquisition."
NOTES TO EDITORS
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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
The information was submitted for publication on November 16, 2015 at 08:00 am CET.
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