99 percent stake
in BAC International Bank Inc.7
billion in consumer credit card loans, mortgages, and auto, small
business, corporate and commercial loans; and has over 8,000
employees. With products and services ranging from
aircraft engines, power generation, water processing and security
technology to medical imaging, business and consumer financing, media
content and advanced materials, GE serves customers in more than 100
countries and employs more than 300,000 people worldwide.

Ericsson Supplies Telephony Softswitch Solution to AMX in El Salvador

America Movil has
subsidiaries and joint ventures in Guatemala, El Salvador , Honduras,
Nicaragua, Ecuador, Argentina, Colombia, Mexico, Brazil and United
States.

abroad america

"
"BAC has a strong and respected management team, and they have
built a solid financial services business in Central America," said
Glen Wakeman, president and CEO for GE Consumer Finance in Latin
America .

Business Editors/Telecommunications Writers

STOCKHOLM, Sweden----America Movil
(AMX ), one of the largest telecommunications operators in Latin
America, has contracted Ericsson (NASDAQ:ERICY ) for a total upgrade of
its fixed network to the Ericsson Telephony Softswitch solution in El
Salvador .telecom. It offers operators the opportunity to utilize
network resources for next-generation services in the most cost
efficient way, while continuing to profit from telephony services.

foreign central

geconsumerfinance . Ericsson will also
provide the related implementation and support services. The overall solution will benefit both
AMX networks in El Salvador and Guatemala.
We expect to have more businesses in the near future, taken these
projects as a platform."
Ericsson Telephony Softswitch solution gives AMX a secure
migration path to evolve their circuit-switched network to a
multi-service network. Providing
innovative solutions in more than 140 countries, Ericsson is helping
to create the most powerful communication companies in the world.com/press

About AMX

America Movil is one of the most important telecom operators in
Mexico.4 percent of the
geographical area and 89.com.
More than 33 operators worldwide have selected Ericsson for their
Softswitch solution and 25 networks are in commercial service.

honduras government

"
Founded in 1952, BAC has about $1.9 billion in deposits; $1. "We're excited about the bank's prospects for future growth. GE Consumer Finance, based in Stamford , Conn. "This is the second
step of the strategy planned originally with AMX in Central America.
Ericsson is shaping the future of Mobile and Broadband Internet
communications through its continuous technology leadership.
More information in: www.sv

About Telephony Softswitch

Ericsson Telephony Softswitch solution is a commercially proven
system that maintains and extends operator revenues .

embassies regional

GE Consumer Finance to Acquire 49.99 Percent Interest in BAC International Bank Inc.; BAC is a Leading Credit Card Issuer in Central America

(BAC), a privately held retail bank and
credit card issuer based in Panama City, Panama.
"We believe the combination of GE Consumer Finance's broad global
experience and BAC's established position in Central America will
allow us to accelerate growth opportunities for both of us in this
strategically important emerging market," said Mark W . "This new partnership
will help us expand our business in Central America, and we're excited
to be able to work with a team as successful and respected as BAC.
Ernesto Castegnaro, BAC president and CEO, added, "We look forward
to immediately starting work with GE Consumer Finance on this exciting
new chapter in BAC's growth and development.
This partnership is a great opportunity to add our global perspective
and know-how to the local communities served by BAC.com

About GE

GE (NYSE: GE) is Imagination at Work -- a diversified technology,
media and financial services company focused on solving some of the
world's toughest problems. This project will allow AMX to evolve its current network to
a Next Generation Network (NGN).
According to the contract, Ericsson will upgrade AMX's core
network from circuit-switched technology, based on AXE-10 exchanges,
to a future proof IP-based Softswitch solution.

government foreign

The transaction,
which requires regulatory approvals, is expected to close in the next
few months. The terms were not disclosed.
BAC is one of the largest banks in Central America and has been
operating in the region for over 50 years.
"By combining with one of the world leading financial services
companies, and one of the world's most respected brands, we believe we
can expand our offerings of products and services to consumers across
Central America ," said BAC Chairman Carlos Pellas.
This is the second Ericsson Telephony Softswitch contract that
Ericsson has won in Central America and Caribbean. Previously, in
2004, Ericsson was selected by AMX to provide the same solution in
Guatemala.
Ericsson's Telephony Softswitch solution will cover the complete
fixed line telephony network including local, transit and
international network layers.

Read more at http://www.ericsson.6% of Mexico's population.

regional abroad

The new partnership between GE Consumer Finance
and BAC will enable the two companies to deliver enhanced consumer
credit products to the growing Central American financial services
market. Begor,
president and CEO, GE Consumer Finance-Americas.

About GE Consumer Finance

With more than $151 billion in assets, GE Consumer Finance, a unit
of General Electric Company, is a leading provider of credit services
to consumers, retailers and auto dealers in 41 countries around the
world. (USA), offers a
range of financial products, including private label credit cards,
personal loans, bank cards , auto loans and leases, mortgages,
corporate travel and purchasing cards, debt consolidation and home
equity loans and credit insurance. Under the trademark "Telcel" they provide mobile
telecommunication services, covering approximately 31.

honduras america

BAC has 178 branches in
countries including Costa Rica, El Salvador , Guatemala, Honduras,
Nicaragua and Panama."
Credit Suisse First Boston advised BAC in the deal . For more
information, visit the company's Web site at www.ge. The
commercial launch will be in Q3, 2005. It is capable of carrying large and growing
volumes of voice and data traffic and enables integrated traditional
fixed telephony with IP-based broadband traffic on a single network.

consulates government

Business Editors

STAMFORD, Conn.----GE Consumer
Finance, one of the largest consumer lending businesses in North
America, today announced that it would acquire a 49. BAC's Credomatic subsidiary is a leading debit and credit
card issuer in the region. More information can be found
online at www.com

Actually, Ericsson is the only supplier who has sold Next
Generation Networks (NGN) in this region.
"We are consolidating our position as technological strategic
partner with America Movil Central America in the wireline arena.
During 2004 we installed the installation of the first Engine node
with AMX Guatemala" said Moises Marquez, America Movil Account
Manager, Ericsson Central America + Caribbean. In El Salvador its trademark is Telecom. It provides a
low-risk evolution of existing circuit-switched networks to an IP
multi-service platform.