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Technology Stocks : Ericsson overlook? -- Ignore unavailable to you. Want to Upgrade?


To: Taro who wrote (5271)7/21/2006 5:01:00 PM
From: elmatador  Read Replies (1) | Respond to of 5390
 
Ericsson says major supplier to Vivo's new network in Brazil

Jul 21, 2006

STOCKHOLM (MarketWatch) -- Swedish telecommunications equipment vendor Telefon AB LM Ericsson (ERICY) will be the major supplier of a new wireless telecommunications network to be built by Vivo Participacoes S/A (VIV) in Brazil, Ericsson Chief Executive Carl-Henric Svanberg said.
He was addressing an analyst conference call Friday.
Svanberg said Ericsson would supply 100% of the core network and a majority of the network. The total order value is $500 million, of which a majority will be for Ericsson.