Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: Eric L who wrote (17258)	12/13/2001 12:58:09 PM
From: elmatador	Read Replies (1) \| Respond to of 34857

Hi3G, NCC jointly roll-out 3G infrastructure in Sweden Comments: Nothing like a threat of penalties to make the guys start moving!!>> 09:02 Thursday December 13, 2001, Telecom.paper Hi3G has entered into an agreement with NCC regarding the roll-out of infrastructure for the third-generation mobile telecommunication (3G). The agreement covers the construction of at least 500 base stations in Sweden. The agreement with NCC applies to a turnkey contract covering project management, site procurement, project design, construction and telecom installations for at least 500 base stations in Stockholm, Gothenburg and Malmo. The parties have agreed not to disclose the value of the order. The work has already begun. ``We intent to work with leading construction companies and NCC is a natural choice as partner. This cooperation is an important part of the rollout of the infrastructure that is needed for our future service offering,'' says Chris Bannister, CEO Hi3G. ``We consider it highly gratifying and stimulating that we will be building the infrastructure of the future and that we will be doing this in cooperation with Hi3G,'' says Maged Saleh, Business Unit Manager NCC Telecom Sweden. Hi3G is the holder of a Swedish and a Danish UMTS licence and is aiming to become a leading mobile multimedia operator with attractive and innovative services. The company's strength lies in the fact that it is a pure 3G company, with no baggage from old technologies such as GSM. Hi3G is expanding rapidly with the support of its owners, Hutchison Whampoa Ltd. (60%) and Investor AB (40%), who have solid network and industry track records worldwide. Hi3G is cooperating with other Hutchison Whampoa companies that hold 3G licences in Australia, Austria, Hong Kong, Italy, and the United Kingdom. NCC is one of the leading construction and property development companies in the Nordic region. NCC has annual sales of approximately SEK 40 billion (EUR 4.13 bln), with 25,000 employees.