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Technology Stocks : Ericsson overlook?

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To: P2V who wrote (3624)	8/23/1999 9:47:00 AM
From: Mika Kukkanen	Read Replies (1) of 5390

Ericsson to build new GSM system in Morocco Thanks to Zoogin on Yahoo! This is a totally new network! Ericsson is chosen as the principal supplier of a turnkey GSM network by Medi Telecom - the second GSM operator in Morocco. The order is initially valued at Euro 135 million (USD 142 million). The GSM system is to be delivered in January 2000. When fully expanded, it will provide nationwide coverage. Current penetration of mobile phone users in Morocco is some 0.5 percent. Medi Telecom recently won a license to operate the second GSM network in the country. The operator is jointly owned by a consortium - whose main shareholders are Morocco-based BMCE Bank, Afriquia Group, Telecom Portugal and Spanish-based Telefónica. “Medi Telecom's new network will have a positive impact on the Moroccan economy. It will also create new opportunities for employment and the technological advancement of young people here,” says Patrick Boyeaux, Managing Director of Ericsson Morocco. The introduction of Medi Telecom's new network is expected to increase demand significantly in the next few years, by giving consumers advanced mobile services and a choice of operator. Read more about the GSM order to Morocco at: ericsson.se Mika's comment, it wasn't on that site yet, the above was residing here instead: ericsson.se Published 23 August 1999

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