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Technology Stocks : Nokia (NOK)
NOK 6.035-9.1%Nov 19 3:59 PM EST

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To: tero kuittinen who wrote (846)8/10/1998 12:22:00 PM
From: BOGEY  Read Replies (1) of 34857
 
Nokia Signs USD 200 Million Frame Agreement for GSM Expansion in
the Czech Republic

BusinessWire, Monday, August 10, 1998 at 11:04

HELSINKI, Finland--(BUSINESS WIRE)--Aug. 10, 1998--In an
agreement valued at almost USD 200 million, Nokia and the leading
Czech operator EuroTel Praha have signed a three year frame agreement
for a GSM 900 network expansion.
Nokia will remain as the sole supplier.
Nokia will deliver its high capacity mobile switching centres,
base station controllers, base stations and the Nokia Artus Data
Communication Server (DaCS) for advanced network services such as
Internet access via GSM phones. Nokia will also provide extensive
customer services for implementation, operation and optimisation of
the system.
"Nokia has been our supplier for NMT network infrastructure since
1991 and we have been co-operating with Nokia for provision of the GSM
900 network since 1996. This frame agreement further deepens the good
co-operation and close partnership established during the last seven
years," says Mr Jamie Macdonald, acting Chief Executive Officer,
EuroTel Praha.
"We are very happy that Nokia and EuroTel are continuing their
co-operation for the development of EuroTel's network, which will
provide a range of comprehensive services to their customers.
Subscribers will place heavy demands on the range and quality of
EuroTel's voice and data services both now and in the future. This
long term agreement and excellent partnership together with the most
competitive customer solutions will grant the market leadership of
both companies in the Czech market," comments Mr Jukka Honkanen,
Managing Director, Nokia Telecommunications, Czech Republic.
EuroTel, the first GSM operator in the Czech Republic, launched
its network, supplied by Nokia in July 1996. EuroTel now has more than
450,000 customers. They are also operating a NMT 450i cellular
netwo
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