The first LG OLED WebOS TV produced for Bang & Olufsen to be launched in 2017 for Smart Home integration.

Bang & Olufsen enters a strategic technology partnership with LG Electronics regarding development and production of Bang & Olufsen’s future TV.

Strategic partnership with LG Electronics Inc (”LG”)

As previously announced, Bang & Olufsen a/s ("Bang & Olufsen") initiated a review to identify strategic and structural options to increase scale and further reduce complexity within Bang & Olufsen.

As a result of this review, Bang & Olufsen has entered a strategic technology partnership with LG, one of the world’s largest producers of TVs and a technological frontrunner with its leading OLED technology and WebOS. The agreement entails that Bang & Olufsen will focus on its unique competencies within design, acoustics and smart home integration within TV development, and combine this with LG’s technological leadership within OLED technology.

“This partnership with LG will enable Bang & Olufsen to stay at the forefront of innovation in the TV category, a category which is currently undergoing significant change and which is very important to Bang & Olufsen. The partnership will address Bang & Olufsen’s key challenges related to scale and complexity”,says CEO Tue Mantoni.

The partnership will help solve a key strategic challenge as Bang & Olufsen will achieve technological capabilities and scale needed to improve the long-term profitability of the company. The partnership will allow Bang & Olufsen to focus on core competencies within acoustics and design, while further optimising the company’s supply chain, development, production and service.

The first OLED TV produced by LG for Bang & Olufsen as a result of the partnership is expected to be launched in 2017. Further, the partnership involves collaboration in other areas such as license and product bundle activities.

As a consequence of the partnership, Bang & Olufsen expects to improve gross margins and reduce capacity costs. The agreement has an annual savings potential of DKK 150-200m when fully implemented over the next three years. As such, the partnership is an important step towards achieving the financial targets set out for 2017/18 of an EBIT-margin of approximately 7 per cent and a positive free cash flow.

As a result of the partnership Bang & Olufsen expects to realize restructuring costs of DKK 10 to 15 million, of which up to DKK 5 million will be realized in the fourth quarter of 2015/16. The restructuring costs have not been included in the current outlook for the 2015/16 financial year.

Dialogue regarding a potential launch of a takeover offer.

In continuation of company announcement no. 15.07 dated 26 November 2015, Bang & Olufsen can inform that a dialogue is ongoing with one potential offeror that may or may not lead to an offer for the whole or part of the issued share capital of Bang & Olufsen.

At present, Bang & Olufsen has not entered into any binding commitments, and uncertainty remains as to the outcome of the dialogue with the potential offeror.

Ole Andersen                                                              Tue Mantoni

Chairman of the Board                                                CEO

For further information, please contact:

Investors: Claus Højmark Jensen, tel: +45 9684 1251

Press: Jan Helleskov, tel: +45 5164 5375 

Beolink SmartHome

Samsung Galaxy SIII now available on 3dk Denmark.

WorldWide Tech & Science. Francisco De Jesùs.

1 Danish krone = 0.164756 U.S. dollars

Samsung Galaxy SIII now available on 3dk Denmark.

The Samsung Galaxy SIII is available now on 3dk Denmark operator and ships in 1.5 days.

 Minimum payment in 6 months US$770,81.

Samsung GALAXY S 3 is the flagship of Samsung's Android-series and to lift the legacy of huge success GALAXY S II. 

GALAXY S 3 has a large and crisp 4.8-inch HD super AMOLED screen (720p), which is "tuned" to have more natural colors and to give a more natural depth perspective.

Samsung Galaxy S 3 comes in blue and white and has a comfortable rounded design. It feels good in hand and despite the large screen easy to operate.

On the hardware front, Samsung GALAXY S 3 really got an upgrade. With a 1.4 GHz quad core processor, there are plenty of fast processing power in the engine, and with 16 GB of internal memory and room for microSD cards up to 64GB, Samsung GALAXY S 3 rare space problems. In addition comes the Samsung Galaxy S 3 with NFC, an 8 megapixel camera with minimal delay and auto stabilizer and a 1.9 megapixel front camera.

Dropbox 

When you buy a Samsung Galaxy S3 gives you 50 GB of Dropbox for two years. 

With Dropbox you get 50 GB of online storage that you can use to include to store pictures, music and files.

Video in danish:

3dk

LTE: Denmark: 3Denmark rolled out 4G LTE network in the country's 15 largest cities.

WorldWide Tech & Science. Francisco De Jesùs.

LTE: Denmark: 3Denmark rolled out 4G LTE network in the country's 15 largest cities.

3 Denmark has rolled out 4G LTE network in the country's 15 largest cities and plans to continue to improve and expand coverage in next few months. Operator's LTE network will cover 37 percent of the country's population when it becomes available to customers in September later this year. By the end of year, operator plans to cover half of the population with more than 800 towers in the 15 cities.

With 4G, customers can expect to reach speeds of approx 30-40 Mbps. Right now, 80% of 3's 3G network has also been upgraded to 42Mbps and by the end of 2012, the entire 3's 3G network will be upgraded to high 3G speeds.

After 3 opens access to 4G network in September, all 3's customers will be able to access the higher speed regardless of subscription, without paying extra - as long as they are in an area that is covered with 4G and hardware supports the new speed. 3 will also introduce another data subscription plan with very large data usage at low price.

LTE: Denmark: Telenor and TeliaSonera gain spectrum.

WorldWide Tech & Science. Francisco De Jesùs.

LTE: Denmark: Telenor and TeliaSonera gain spectrum.

European operators TeliaSonera and Telenor have secured spectrum to roll out LTE services across Denmark through a joint venture.

The two operators set up a shared network in the country, called TT-Netvaerket, earlier this month. They have now splashed out DKK111m (US$18.6m) for 2 x10MHz bands of 800MHz spectrum to expand the roll out of their 4G network.

The two operators already provide LTE services in the 2600MHz spectrum through TT-Netvaerket, which covers a small section of the population. Now, with access to the 800 MHz frequency the operators can build 4G networks in more sparsely populated areas. Telenor added that the 800MHz frequency is also well suited to ensuring a broad 4G rollout because a 4G mast will have a much wider range using the frequency.

Through their shared network agreement, the two companies are giving each other access to existing towers in areas where they would otherwise have had to build their own. The agreement covers 2G, 3G and 4G networks and the operators added that the agreement will improve both the customer experience and their own financial results.