Senior Appointment

RNS Number:1167B
Ericsson(L.M.)(Telefonaktiebolaget)
27 March 2001


Ericsson Venture Partners name Mark Maybell as its Senior Managing Director

Ericsson Venture Partners today announced that it has named Mark Maybell
as  its  Senior  Managing  Director,  to  be  based  in  New  York.  The
partnership is also setting up an office in London.

Previously,  Mr Maybell worked for the international financial  services
firm  Merrill  Lynch & Co, where he was the founder and co-head  of  the
Global Communications Group in the Investment Banking Department. During
his  11 years at Merrill Lynch, he also was responsible for other groups
within  the Department, including Technology, Media, Financial Sponsors,
Private Equity and Leveraged Finance. In addition, Mr Maybell had served
for six years as a member of the Executive Committee of the Department.

Ericsson  Venture  Partners  is  a  venture  capital  fund,  focused  on
investments  in mobile Internet ventures and technologies, concentrating
on  Europe  and North America. The partnership was formed  by  Ericsson,
Industrivarden, Investor AB and Merrill Lynch. Each venture partner will
commit USD 75 million, totaling an aggregated committed fund capital  of
USD 300 million.

Ericsson is the leading communications supplier, combining innovation in
mobility  and  Internet  in creating the new  era  of  mobile  Internet.
Ericsson  provides total solutions covering everything from systems  and
applications  to  mobile  phones and other  communications  tools.  With
presence  in  140  countries,  Ericsson  simplifies  communications  for
customers all over the world.

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

FOR FURTHER INFORMATION, PLEASE CONTACT

Mikael Widell, Director Media Relations, Corporate Communications
Phone: [phone], E-mail: [e-mail]

You can also visit the Ericsson Venture Partners website:
www.evp.com