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Technology Stocks : Ericsson overlook?
ERIC 9.505-0.2%Dec 5 3:59 PM EST

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To: P2V who wrote (1672)5/28/1998 2:54:00 PM
From: P2V   of 5390
 
ERICSSON MAKES AXE BREAKTHROUGH IN IRAN

Ericsson has been awarded its first AXE contract in Iran valued at
approximately USD 45 million (SEK 346 million). The equipment,
bought by TCI (Telecommunications Company of Iran), will be
installed in Teheran during 1998-1999.

In addition to AXE, the contract includes training, transfer of
technology, repair center as well as a support center.

"A large demand for telephony services, large natural resources like
oil, natural gas and minerals, and an opening economic climate are
factors that all contribute to making Iran a very important market
to establish Ericsson in," says Mr. Ulf Avrin, Director Market Unit
Middle East, Public Networks, Ericsson Infocom Systems.

Telefonaktiebolaget LM Ericsson has been established in Iran since
1992. Today, Ericsson has 45 employees in Teheran.

Ericsson's AXE provides an open architecture that supports all fixed
and wireless telecoms, datacoms and interactive services. AXE is the
most widely-deployed switching system in the world, supporting well
above 120 million users of fixed network services in more than 120
countries. The system is also supporting well above 60 million users
of wireless network services in more than 90 countries worldwide.

Ericsson's 100,000 employees are active in more than 130 countries.
Their combined expertise in fixed and mobile networks, mobile phones
and infocom systems makes Ericsson a world-leading supplier in
telecommunications.

FOR FURTHER INFORMATION, PLEASE CONTACT

Ulf Avrin, Director Market Unit Middle East,
Business Unit Public Networks, Ericsson Infocom Systems,
Tel. +46 8 719 11 20 or +46 70 519 11 20
E-mail: ulf.avrin(a)etx.ericsson.se

Pernilla Melander, Press Relations Manager,
Business Unit Public Networks, Ericsson Infocom Systems,
Tel. +46 8 719 11 20 or +46 70 327 6434
E-mail: pernilla.melander(a)etx.ericsson.se

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