Ericsson signs $80 million contract to expand GSM system in Guangdong
Business Editors
STOCKHOLM, Sweden--(BUSINESS WIRE)--August 20, 1999--Ericsson
(NASDAQ:ERICY) has signed an $80 million (SEK 650 million) contract
with Guangdong Mobile Communications Co., Ltd. (GMCC) for the
expansion of their GSM network in the province.
Within the contract, Ericsson will provide infrastructure and
service solutions for the latest expansion phase of GMCC's GSM network
in the Guangdong province.
Nanjing Ericsson Communications Co. Ltd., one of Ericsson's eight
joint ventures in China, will provide the equipment for capacity
expansion. The project is scheduled to be completed by mid next year,
and will increase GMCC's GSM capacity to over eight million in the
province.
As one of China's most vibrant provincial economies, Guangdong
enjoys one of the most advanced infrastructures across China, with a
mobile phone subscriber base currently over five million. Ericsson has
established a strong, long-standing relationship with GMCC, a
subsidiary of China Telecom (Hong Kong) Ltd. In 1987, Ericsson
delivered the first analog mobile network to the Guangdong province.
Ericsson China has more than 3,800 employees, 23 offices across
the country and eight joint ventures that provide a full range of
communications solutions and services.
Ericsson is the leading provider in the new telecoms world, with
communications solutions that combine telecom and datacom technologies
with freedom of mobility for the user. With more than 100,000
employees in 140 countries, Ericsson simplifies communications for its
customers - network operators, service providers, enterprises and
consumers - the world over.
Please visit Ericsson's Press Room at:
ericsson.se
--30--emb/ny*
CONTACT: KATHY EGAN
GARY PINKHAM
212-685-4030 |
