Ericsson signs agreement to sell its Planet EV business to CTS International.



    Ericsson has signed an agreement to sell the Planet EV tool suite to CTS
    International. The sale includes the transfer of approximately 60
    employees and is expected to close within 30 days.

    TORONTO, June 5 /CNW/ - The sale is in line with Ericsson's overall
network planning strategy and includes all general business activities
surrounding the Planet EV suite, such as development, product management and
sales resources.
    Planet EV is a network planning platform for network design, optimization
and data management that was acquired by Ericsson in 2006 along with other
business assets from Marconi.
    Ericsson will continue to provide its customers with network planning
services which combine products and services to increase value to the
customer.
    CTS is a provider of microwave transmission network planning solutions
and has had an ongoing relationship with Ericsson and previously with Marconi
that included integration of their microwave tool into Planet EV.

    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:

For further information: Patricia MacLean, Ericsson Canada, Phone: (416)
414-7755, E-mail: patricia.maclean@ericsson.com

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