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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 157.69+0.9%3:53 PM EST

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To: John Biddle who wrote (30876)1/7/2003 11:03:51 PM
From: John Biddle  Read Replies (2) of 197314
 
Ericsson Delivers Seamless 2G/3G WCDMA Network To Far EasTone And Yuan-Ze in Taiwan
Tuesday January 7, 9:46 am ET
Press Release Source: Ericsson Inc.

biz.yahoo.com

STOCKHOLM, Sweden--(BUSINESS WIRE)--Jan. 7, 2003--Taiwan operator Far EasTone Telecommunications has selected Ericsson (NASDAQ: ERICY - News) as sole supplier for a seamless, island-wide 2G/3G system.

Ericsson will expand and upgrade the present 2G-system, delivering a fully integrated GSM-GPRS-WCDMA solution that ensures all Far EasTone's customers a seamless evolution from 2G to 3G.

The 3G agreement with Far EasTone comprises a complete 3G system including WCDMA radio access network, core network and a wide portfolio of comprehensive professional services for Yuan-Ze Telecommunications, subsidiary of Far EasTone.

Implementation of the WCDMA-system will start immediately and will be managed by Ericsson on a turnkey basis. In addition, the two companies have also signed a framework agreement for the expansion of Far EasTone's present GSM network and associated services.

"Ericsson has worked with FET as a network infrastructure supplier since we first launched our GSM mobile network in January 1998. We are delighted to further strengthen this relationship by working together on the speedy roll-out of our 3G network." said Jan Nilsson, President of Far EasTone. "Furthermore, the ability to migrate from GSM services to high speed 3G services will give Far EasTone and its customers a marked advantage in the form of island-wide seamless high-quality services.

"After a thorough evaluation process, we are very proud to come out as the selected sole supplier," said Ericsson Taiwan President Jan Signell. "I am sure that Ericsson and Far EasTone will be a winning combination in the advanced Taiwanese mobile multi-media market."

The WCDMA contract with Yuan-Ze Telecommunications, subsidiary of FarEasTone, confirms Ericsson's position as the world's leading supplier of 3G mobile systems. Ericsson has been named as vendor in 38 out of 73 publicly announced WCDMA agreements to date and has a global market share of 40 per cent.

Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world.

Read more at ericsson.com

About Far EasTone Telecommunications

Far EasTone is a leading convergent mobile communication service provider in Taiwan. For the year 2001, its audited revenue has reached NT$34,544 million and its net income totaled NT$6,659 million. For the first three quarters of 2002, FET posted a total revenue of NT$ 25,675 million. Far EasTone is devoted to providing services that converges mobile communication and the Internet, enabling customers to enjoy more convenience using mobile services and the Internet to get diversified and personalized information. We look forward to realizing our vision for the 21st century: "Anywhere, anytime, communications to enrich the lives of people."
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