Korean President and Ericsson CEO meet and agree to cooperate for
4G-based green eco-system>
Korean President and Ericsson CEO meet and agree to cooperate for 4G-based green eco-system
(Thomson Reuters ONE) - Ericsson (NASDAQ:ERIC) and the Republic of Korea have initiated acollaboration aiming to use mobile broadband and other communicationtechnologies, such as machine to machine (m2m), to create a greeneco-systemKorea's president, Lee Myung-bak and Ericsson's newly appointed CEO,Hans Vestberg met in Stockholm, Sweden, to discuss how the smart useof telecommunications and IT can help Korea and the rest of the worldto reduce CO2 emissions, as well as the role of the government andEricsson in achieving this.Korea, one of the world's most advanced ICT nation and Ericsson,leader in telecommunications, have identified mobile broadband and ITtechnologies as key enablers to create a green eco-system that willresult in more sustainable society and therefore have decided to joinin their efforts.Korea will build an eco-system targeting a more sustainable future.As part of this eco-system Ericsson, together with leading Koreancompanies, will establish a community for the development ofsustainable climate solutions based on 4G technologies and, givenmutual success, will further expand its presence in the market.Lee Myung-Bak, President of Korea, said: "Ericsson could play a vitalrole for Korea's evolution in the ICT market and for Korean exportcompanies. We are certain that by developments in the ICT area wewill take needed steps to a more sustainable future. We expect to seemore of Ericsson in the Korean business landscape".Hans Vestberg, Ericsson's CFO and incoming CEO highlighted thatsociety faces a huge challenge to drastically reduce CO2 emissions by2050, while the world economy as much as triples. "Telecommunicationsand IT technology will play a vital role in transforming cities andcountries through smarter broadband solutions. As one of the world'smost advanced nations in the use of ICT, Korea has the opportunity tocreate a green eco-system and become a great example for the rest ofthe world"Ericsson is taking an active leadership in highlighting the role oftelecommunications and IT technologies in fighting the climate changeto governments, policy makers and non-governmental organizationsaround the world.The company believes that offsetting of CO2 emissions will requirenew ways of conducting business and new ways of living, and will alsorequire large scale investments in Information and Communicationtechnology (ICT) as this sector could offset societal CO2 emissionsby more than 15 percent by 2020.In order to achieve this, Carl-Henric Svanberg, Ericsson's currentCEO has participated in different discussions such as UN's GeneralAssembly and the World Business Summit on Climate Change.Notes to editors:Photos will be available here:http://www.ericsson.com/ericsson/press/photos/index.shtmlEricsson's standard multimedia content is available at the broadcastroom:www.ericsson.com/broadcast_roomEricsson is the world's leading provider of technology and servicesto telecom operators. Ericsson is the leader in 2G, 3G and 4G mobiletechnologies, and provides support for networks with over 1 billionsubscribers and has a leading position in managed services. Thecompany's portfolio comprises of mobile and fixed networkinfrastructure, telecom services, software, broadband and multimediasolutions for operators, enterprises and the media industry. The SonyEricsson and ST-Ericsson joint ventures provide consumers withfeature-rich personal mobile devices.Ericsson is advancing its vision of "to be the prime driver in anall-communicating world" through innovation, technology, andsustainable business solutions. Working in 175 countries, more than75,000 employees generated revenue of SEK 209 billion (USD 32.2billion) in 2008. Founded in 1876 with the headquarters in Stockholm,Sweden, Ericsson is listed on OMX NASDAQ, Stockholm and NASDAQ NewYork.www.ericsson.comwww.ericsson.mobiwww.twitter.com/ericssonpressFOR FURTHER INFORMATION, PLEASE CONTACTEricsson Corporate Public & Media RelationsPhone: +46 10 719 69 92E-mail: press.relations(at)ericsson.comhttp://hugin.info/1061/R/1328344/313153.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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Datum: 13.07.2009 - 02:49 Uhr
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