ALL SHARES IN LHS ACQUIRED
Remaining minority shareholders have sold their shares.
The remaining minority shareholders in LHS AG (Deutsche Börse: LHS400) have sold their shares to Ericsson (NASDAQ:ERIC) through a squeeze-out process. This process was resolved at an extra-ordinary shareholders' meeting on December 21, 2009. As of February 9, 2010, Ericsson is registered as owner of 100% of the shares in LHS AG and de-listing from Deutsche Börse, Frankfurt am Main, is soon to be finalized.
LHS is a leading billing and customer care software and services company. With the acquisition Ericsson combines its prepaid solutions with LHS postpaid offerings and provides a fully integrated convergent charging and billing solution for mobile and fixed operators. There are now 1 billion subscribers charged and billed using Ericsson and LHS solutions.
The remaining minority shareholders in LHS AG (Deutsche Börse: LHS400) have sold their shares to Ericsson (NASDAQ:ERIC) through a squeeze-out process. This process was resolved at an extra-ordinary shareholders' meeting on December 21, 2009. As of February 9, 2010, Ericsson is registered as owner of 100% of the shares in LHS AG and de-listing from Deutsche Börse, Frankfurt am Main, is soon to be finalized.
LHS is a leading billing and customer care software and services company. With the acquisition Ericsson combines its prepaid solutions with LHS postpaid offerings and provides a fully integrated convergent charging and billing solution for mobile and fixed operators. There are now 1 billion subscribers charged and billed using Ericsson and LHS solutions.
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