Combitech finalizes transfer of parts of 2G and 3G development from Ericsson

• Combitech and Ericsson completed the agreement of transferring parts of 2G and 3G development to Combitech.
• 311 employees from Ericsson are transferred to Combitech as per October 1, 2016

As announced on August 17, 2016, Ericsson (NASDAQ:ERIC) transfer parts of 2G and 3G development to Combitech in Linköping and Gothenburg, Sweden.

As per October 1, the agreement is completed and 311 employees from Ericsson will start working for Combitech.

Ericsson remains committed to its 2G and 3G portfolio but will consolidate development of these technologies to fewer Ericsson sites, in line with its R&D strategy.

NOTES TO EDITORS

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