Disposal

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Ericsson sells France Telecom Perpetual Convertible Bond holding of
EUR 456 million

Ericsson has sold its holding of France Telecom Perpetual Convertible
Bond holding of EUR 456 million to a financial investor.

In September 2002, Ericsson and France Telecom signed a Memorandum of
Understanding to convert Ericsson's outstanding customer financing to
German operator Mobilcom into a convertible loan issued by France
Telecom. The conversion was then accomplished in March 2003.

Ericsson has now sold its holding of France Telecom Perpetual Bond to
a financial investor. The transaction will be completed before the
end of the third quarter.

The sale reduces Ericsson's total customer financing exposure by the
amount of the holding.

"This is in line with our careful policy on customer financing risk
exposure in general and diligent handling of our exposure throughout
this transaction," said Karl-Henrik Sundström, Executive Vice
President and Chief Financial Officer.

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 at http://www.ericsson.com/press

FOR FURTHER INFORMATION, PLEASE CONTACT

Media
James Borup, Ericsson Corporate Communications, External Relations
Phone: [phone]; E-mail: [e-mail]

Investors
Lotta Lundin, Ericsson Investor Relations
Phone: [phone]; E-mail: [e-mail]



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