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Technology Stocks : Ericsson overlook?
ERIC 9.565-1.5%Dec 12 3:59 PM EST

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To: Mika Kukkanen who wrote (4439)12/27/2000 2:38:13 PM
From: Eric L  Read Replies (1) of 5390
 
>> Portugal Telecom Selects UMTS Suppliers

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." <<

>> Alcatel, Siemens, Ericsson Win UMTS Supply Contract from Portugal's TMN

AFX News Limited
27 December 2000

Alcatel, LM Ericsson AB and Siemens AG have won a contract from Portugal Telecom's mobile operator unit Telecomunicacoes Moveis Nacionais (TMN) to be the main suppliers of UMTS equipment following the company's successful bid for a licence, TMN said.

It said Siemens will supply and install core network equipment while the UMTS Terrestrial Radio Access Network will be supplied by all three companies.

No financial details were given. <<

- Eric -
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