To: Kimberly Lee who wrote (14232 ) 8/20/1999 10:21:00 AM From: Ga Bard Read Replies (1) | Respond to of 108040
Ericsson signs $80 million contract to expand GSM system in Guangdong Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--August 20, 1999--Ericsson (NASDAQ:ERICY) has signed an $80 million (SEK 650 million) contract with Guangdong Mobile Communications Co., Ltd. (GMCC) for the expansion of their GSM network in the province. Within the contract, Ericsson will provide infrastructure and service solutions for the latest expansion phase of GMCC's GSM network in the Guangdong province. Nanjing Ericsson Communications Co. Ltd., one of Ericsson's eight joint ventures in China, will provide the equipment for capacity expansion. The project is scheduled to be completed by mid next year, and will increase GMCC's GSM capacity to over eight million in the province. As one of China's most vibrant provincial economies, Guangdong enjoys one of the most advanced infrastructures across China, with a mobile phone subscriber base currently over five million. Ericsson has established a strong, long-standing relationship with GMCC, a subsidiary of China Telecom (Hong Kong) Ltd. In 1987, Ericsson delivered the first analog mobile network to the Guangdong province. Ericsson China has more than 3,800 employees, 23 offices across the country and eight joint ventures that provide a full range of communications solutions and services. Ericsson is the leading provider in the new telecoms world, with communications solutions that combine telecom and datacom technologies with freedom of mobility for the user. With more than 100,000 employees in 140 countries, Ericsson simplifies communications for its customers - network operators, service providers, enterprises and consumers - the world over. Please visit Ericsson's Press Room at:ericsson.se --30--emb/ny* CONTACT: KATHY EGAN GARY PINKHAM 212-685-4030