Teleca: Teleca Transfers Umeå Office as Part of Restructu...

Press release February 5, 2007 Teleca Transfers Umeå Office as Part of Restructuring of Product Operations Teleca has announced the restructuring of its product operations. As part of this process, Teleca has signed a contract with a recently started company which will take over 36 employees from the Teleca Mobile Umeå office. In October 2006, Teleca decided to close the Teleca Mobile offices in Ronneby, Stockholm and Umeå, decreasing the staff by 150. As the contract regarding the Umeå office takes effect, Teleca Mobile no longer has any operations or staff on these three locations. Instead, Teleca will concentrate the product development to the Malmö region and increase the scope of product development and testing in its Russian office. The contract does not comprise products or immaterial rights. The transfers that have been made and the costs associated with that are in line with the restructuring programme that was announced in October, 2006. As previously stated, the programme will be finalised during the second quarter of 2007. For more information, please contact: · Christian Luiga, CFO, Teleca AB, mobile +46 703 75 16 04 · Mattias Stenberg, Investor Relations Manager Teleca AB, mobile +46 706 11 96 16 Teleca is a world-leading consulting company that develops and integrates advanced software and IT solutions. Teleca helps its customers shorten development times and use the most suitable technology more effectively. The company consists of about 3,500 experts based in 17 countries in Asia, Europe and North America. Teleca is quoted on the Mid cap list of The Nordic Exchange. www.teleca.com Teleca Mobile is a division within the Teleca Group and a world-leading supplier of software products and services to the mobile devices industry. Services include system design and the integration of software and hardware for mobile phones; there are also tailored solutions. Teleca Mobile's products are found in more than 300 million mobile devices, comprising more than 600 models. The division consists of 2,200 experts in 11 countries in Asia, Europe and North America. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://wpy.waymaker.net/client/waymaker1/f.aspx?id=372264&fn=wkr0007.pdf