STOCKHOLM, SWEDEN--(Marketwire - Dec 10, 2012) - Ericsson (
ST-Ericsson announced its strategic plan in April 2012 and is in the middle of executing on company transformation aiming at lowering its break-even point and introducing new technologies. Ericsson continues to believe that the modem technology, which it originally contributed to the Joint Venture, has a strategic value for the wireless industry. For Ericsson, a key priority in this process is a successful market introduction of the new LTE modems that it is certain will be very competitive and needed in the market.
During the process Ericsson will not speculate on the possible outcomes, timelines, and future ownership structures of ST-Ericsson.
Ericsson discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on December 10, 2012, at 07.50.
Ericsson starts negotiations on ownership of ST-ericsson: http://hugin.info/1061/R/1663538/539502.pdf
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Source: Ericsson via Thomson Reuters ONE