Ericsson's global services business wins award for Best Organic Growth from A.T. Kearney

Ericsson (NASDAQ: ERIC) has won A.T. Kearney's global award for Best Organic Growth 2006, based upon the growth and strategies of its business unit Global Services. This is a proof point of Ericsson's success and focus in all aspects of telecom services.

A.T. Kearney is a global leading management consultancy company. The award is based on A.T. Kearney's Global Growth Excellence Survey.

Paul Laudicina, CEO, A.T. Kearney, says: "Ericsson, compared to over 100 other companies in the survey, delivered a very impressive and convincing growth and value creation performance with a dominant weight on organic growth. Overall it was an excellent performance."

Hans Vestberg, executive vice president, Global Services, Ericsson says: "We are proud to receive this award, which confirms the strong commitment within Ericsson for the area of telecom services. The award acknowledges our executed growth strategies as well as our industry leading processes, methods and tools."

The A.T. Kearney Global Growth Excellence Survey is designed to capture the best growth practices and benchmarks from companies of all sizes across all major regions and industries. It recognizes companies that outperform their competitors with outstanding strategies and results. The winners were evaluated according to their relative performance against the industry, based on the relative growth rate of the respective industry.

"Internally, Ericsson convince with very good processes and systems. Externally they greatly improved their competitiveness," Fritz Kröger, vice president Strategy of A.T. Kearney, says.

Ericsson is shaping the future of Mobile and Broadband Internet communication 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.