STOCKHOLM, Sweden, Sept. 6, 2013 (GLOBE NEWSWIRE) --
· Acquisition ensures long-term support for Ericsson's CDMA customers · 38 employees of Airvana Network Solutions have joined Ericsson Ericsson (NASDAQ: ERIC ), a world-leading provider of communications technology and services, announced today it has acquired Airvana Network Solutions' EVDO business. The transaction was structured as a stock purchase. Airvana's approximately 38 EVDO specialists joined Ericsson group. Airvana Network Solutions is a Massachusetts-based company and supplier of EVDO software to Ericsson. EVDO software enables data transmission in a CDMA wireless network and is an important part of the CDMA ecosystem. Paul Challoner, Vice President, head of CDMA Radio product, says: "Ericsson is committed to CDMA and to its CDMA customers. We recognize that CDMA will continue to be an important technology in the operators' networks. We continue our vertical integration strategy for key CDMA products and further strengthen our control over product portfolio, ensuring long-term support to our customers with the ability to better respond to their requirements." Ericsson and Airvana will jointly seek dismissal of the lawsuit filed by Airvana in February 2012, against Ericsson in the Supreme Court of the State of New York, USA. NOTES TO EDITORS Download high-resolution photos and broadcast-quality video at www.ericsson.com/press Ericsson is a world-leading provider of communications technology and services. We are enabling the Networked Society with efficient real-time solutions that allow us all to study, work and live our lives more freely, in sustainable societies around the world. Our offering comprises services, software and infrastructure within Information and Communications Technology for telecom operators and other industries. Today 40 percent of the world's mobile traffic goes through Ericsson networks and we support customers' networks servicing more than 2.5 billion subscriptions. We are more than 110,000 people working with customers in more than 180 countries. Founded in 1876, Ericsson is headquartered in Stockholm, Sweden. In 2012 the company's net sales were SEK 227.8 billion (USD 33.8 billion). Ericsson is listed on NASDAQ OMX, Stockholm and NASDAQ, New York stock exchanges. www.ericsson.com www.ericsson.com/news www.twitter.com/ericssonpress www.facebook.com/ericsson www.youtube.com/ericssonpress 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 acquires Airvana’s EVDO: http://hugin.info/1061/R/1727753/576875.pdf [HUG#1727753]
