"guaranteeing the launch of the service on December 1, 2001"
Tuesday December 26, 1:16 pm Eastern Time
Press Release
Portugal Telecom Selects UMTS Suppliers
LISBON, Portugal--(BUSINESS WIRE)--Dec. 26, 2000--Portugal Telecom (NYSE: PT; BVL: PTCO.IN) announced today that it has chosen its UMTS network suppliers.
TMN, Portugal Telecom's mobile subsidiary, will soon roll-out its Portuguese nationwide UMTS network, having chosen its suppliers, following the recent award of the license by the Portuguese government.
TMN selected Siemens, Alcatel and Ericsson as the main suppliers for its UMTS network. These companies will supply and install the network and will provide the terminal equipment, guaranteeing the launch of the service on December 1, 2001.
The core network will be supplied and installed by Siemens, and the UMTS Terrestrial Radio Access Network (UTRAN) by Siemens, Alcatel and Ericsson. TMN's network supplier decision was based on the strong position of these companies in the Portuguese market, pricing, existing relationships with TMN, and the commitment to provide hardware.
Mr Iriarte Esteves, TMN's CEO, said: ``Our existing relationships with the selected partners, as well as their full commitment to TMN, will allow us to reach our objectives. We are very excited about the development of UMTS services, as they will broaden the services available to our wide customer base, allowing us to take full advantage of the leading Portuguese content available within PT Group. We are committed to be the leader in the development of UMTS, as we have been with GSM.''
This information is also available on PT's website www.telecom.pt.
This press release contains forward-looking statements. Such statements are not statements of historical fact, and reflect goals of the company's management. The words ``anticipates,'' ``believes,'' ``estimates,'' ``expects,'' ``forecasts,'' ``intends,'' ``plans,'' ``predicts,'' ``projects'' and ``targets'' and similar words are intended to identify these statements, which necessarily involve known and unknown risks and uncertainties. Accordingly, the results of operations of the company to be achieved may be different from the company's current goals and the reader should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date they are made, and the company does not undertake any obligation to update them in light of new information or future developments.
Portugal Telecom is listed on the Lisbon and New York Stock Exchanges and traded on London SEAQ International. Information may be accessed on the Reuters 2000 Service under the symbols PT and PTCO.IN, on Bloomberg and Quotron under the symbol PT.
--------------------------------------------------------------------------------
Contact:
Portugal Telecom
Zeinal Bava, CFO
or
Pedro Dias, Head of Investor Relations
or
Vitor Sequeira, Investor Relations
Tel.: +351-21-5001701
Fax: +351-21-3556623
zeinal.bava@ptm.pt
pedro.m.dias@telecom.pt
vitor.j.sequeira@telecom.pt
or
Taylor Rafferty Associates
James P. Prout, 212/889-4350 |
