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Ericsson signs IT outsourcing contract with HP

Ericsson today signed a five-year contract to outsource Ericsson's
information technology (IT) infrastructure to HP. HP will provide IT
services for Ericsson's operations worldwide. The agreement will
contribute to substantially reduce Ericsson's overall IT cost and
achieve greater flexibility in resources and cost.

The Memorandum of Understanding signed in April this year has now
resulted in a contract.

Under the terms of the agreement, HP will provide a range of services
including: data center management, help desk support, and desktop
service environment.  The agreement covers Ericsson's IT operations
worldwide in more than 100 countries.

"Outsourcing of IT operations is part of Ericsson's ongoing changes
within the IS/IT area, and its overall restructuring program aiming
at radically reducing the operating expenses and cost of sales," said
Per-Arne Sandström, deputy chief executive officer at Ericsson.

"Technology should be evaluated in terms of the business value it
delivers. The announcement with Ericsson reinforces the strength of
our step-by-step collaborative approach that enables us to deliver a
more flexible and adaptive IT environment while lowering the total
cost of ownership for our customers, " said Carly Fiorina, HP
chairman and chief executive officer.

The agreement includes transfer of assets and about 1,000 employees
globally at Ericsson Global IT Services to HP. The transition will
begin in July, pending approval by competition authorities.

IS operations, i.e. development, implementation and management of
applications, is not included in the agreement with HP.

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

Eva Sparr, Director, External Relations
Ericsson Corporate Communications
Phone: [phone], e-mail: [e-mail]

External Relations, Ericsson Corporate Communications
[phone]



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