Ericsson sells test plant equipment for USD 750 million

12/29/2001 5:43 AM EST

As part of Ericsson's active asset management, Ericsson signed a sale-
lease back agreement regarding test plant equipment for the value of USD
750 million. This transaction is a proof of Ericsson's capability to
free tied-up capital.

The transaction includes test plant equipment used for software testing,
at sites located in Sweden and the US. Ericsson will lease back the test
plant equipment from the new owner. The facility is arranged by a
syndicate of financial institutions.

"This set-up is another successful step in our efforts to release
capital, "says Sten Fornell, CFO of Ericsson.

The transaction will be effective by year-end, and will improve the cash
position of the Group with approximately USD 750 million. There will be
no material impact on Ericsson's future net income.

Ericsson will manage the test plant equipment and the work force at the
test plants will not be affected.

Ericsson is shaping the future of Mobile and Broadband Internet
communications through its continuous technology leadership. Providing
innovative solutions in more than 140 countries, Ericsson is helping to
create the most powerful communication companies in the world.

Read more about Ericsson at http://www.ericsson.com/press

FOR FURTHER INFORMATION, PLEASE CONTACT

Media:
Åse Lindskog, Director, Media Relations
Ericsson Corporate Communications
Phone: +46 730 24 48 72; E-mail:  

Investors:
Maria Bernström, Director, Investor Relations
Ericsson Corporate Communications
Phone: +46 705 33 47 50; E-mail: