Ericsson completes the voluntary public cash offer for Tandberg Television

Ericsson (NASDAQ:ERIC) has received favorable rulings from the
relevant competition authorities to acquire all outstanding shares in
Tandberg Television (OSE:TAT). Furthermore, no material adverse
change has occurred. Consequently, all conditions in the terms and
conditions set out in the offer document, dated February 26, 2007,
have been met and Ericsson will complete the offer in accordance with
the offer document.

Settlement for the shares submitted in the voluntary public cash
offer is expected to take place on or about April 25, 2007. As soon
as possible following settlement, Ericsson will proceed with a
mandatory offer for the remaining shares in Tandberg Television as
required under chapter four of the Norwegian Securities Trading Act.

In parallel, Ericsson plans to initiate a compulsory acquisition of
the remaining shares in Tandberg Television in accordance with
paragraph 4:25 of the Norwegian Public Limited Companies Act. Such
compulsory acquisition of shares is expected to take effect soon
after the announcement of the mandatory offer. In addition, Ericsson
intends to arrange for a delisting of the Tandberg Television share
from the Oslo Stock Exchange. Such delisting will likely take effect
soon after settlement of the mandatory offer.

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

FOR FURTHER INFORMATION, PLEASE CONTACT

Ericsson Media Relations
Phone: +46 8 719 6992
E-mail: press.relations@ericsson.com

Ericsson Investor Relations
Phone: +46 8 719 4631
E-mail: investor.relations.se@ericsson.com