Teleca divests subsidiary in France

Teleca divests subsidiary in France

Malmö, Sweden - September 19, 2008 - Teleca, a world-leading supplier of
software services to the mobile industry (Nordic Exchange, Small cap: TELC B),
today announces the divestment of the company's subsidiary in Rennes, France. 

Teleca has experienced a slowdown in demand for mobile services in the French
market. We have stated in our long-term strategy that the company will leave
sites where we can not reach critical mass and we have therefore decided to
leave the French local market and serve certain existing French customers from
our global operations.
Teleca has just signed an agreement to sell all its shares in the French
subsidiary, with office in Rennes, to AFD Technologies Group. The unit employs
23 people. The parties have agreed not to disclose the purchase price but the
transaction will result in a small positive cash effect for Teleca.
In the first half of 2008 the net revenue of the sold business was SEK 15
million; earnings before interest and tax (EBIT) were at a break-even level for
the same period. 
Teleca will take a one-time non-cash charge related to a full write-down of
goodwill related to the French operations of SEK 42 million. 
The French subsidiary will be reported as discontinued operations in the Q3
report.

For more information, please contact:
René Svendsen-Tune, CEO, Teleca AB, rene.svendsen-tune@teleca.com, +45-40540068
Mattias Stenberg, Investor Relations Manager, Teleca AB,
mattias.stenberg@teleca.com, +46-706119616


Teleca is a world-leading supplier of software services to major players of the
mobile device industry. The company offers tailored solutions, systems design
and the integration of software and hardware for mobile phones. Teleca has about
2,000 employees in 11 countries in Asia, Europe and North America and is quoted
on the small cap list of the Nordic Exchange.