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

To: Terry D who wrote (1281)	1/30/1998 12:36:00 PM
From: Alex	Read Replies (1) \| Respond to of 5390

664 + 127 = 791 m Ericsson Signs $127 Million Axe Contract with Telia STOCKHOLM, Sweden--(BUSINESS WIRE)--Jan. 30, 1998--Ericsson has signed a contract with Telia, the largest Swedish operator, valued at approximately $127 million. The contract covers Telia's requirements for AXE equipment and functionality over the next two years. ''The purchase makes it possible for Telia to maintain the competitiveness and the cost-efficiency in our telecom network, which is one of the most modern in the world,'' says Mr. Olof Ulander, Senior Vice President, Head of Telia Network Services Division. With this nationwide upgrade, Telia will be able to offer their customers more advanced services. The upgrade will start at the beginning of 1998 and by the end of April 1999, all telecom exchanges will be upgraded with the new functionality in operation. ''Ericsson's task is to upgrade and add new functionality and higher capacity. It is mainly data processing power, the AXE brain, that will be replaced,'' says Mr. Bo Wall, General Manager at Ericsson Telecom Sweden, Ericsson Infocom Systems. 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. Contact: Ericsson Kathy Egan Per Bengtsson 212/685-4030