STOCKHOLM, SWEDEN (February 18, 2008) - Aastra Technologies Limited (TSX: "AAH") is pleased to announce that it has entered into an agreement with Ericsson (NASDAQ:ERIC) to acquire Ericsson s Enterprise Communications Business. The acquisition is subject to customary closing conditions and is expected to close in April 2008. The purchase price is SEK650 million (CAD$103 million) for intangible assets subject to customary adjustments for net tangible assets as at closing. Aastra believes that the acquired business, under its management, will require net working capital of CAD$57 million resulting in a total investment by Aastra of approximately CAD$160 million.
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