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

To: P2V who wrote (1554)	5/4/1998 1:42:00 PM
From: Alex	Read Replies (1) \| Respond to of 5390

Ericsson Awarded $300 Million GSM Expansion Agreement in Turkey STOCKHOLM, Sweden--(BUSINESS WIRE)--May 4, 1998--Ericsson has been awarded a framework agreement for further expansion of the Turkcell GSM network, valued at close to $300 million. The agreement represents a turnkey project including new radio base stations, AXE switching equipment and services. Deliveries and installation will start immediately and the project is scheduled to be completed by the end of this year. ''We appreciate Ericsson's actual and active involvement in Turkcell's fast development pace. Turkcell will obtain a stronger infrastructure and gain a competitive edge with this new agreement and we can continue being a worldwide leader with Ericsson's GSM 900 systems and services,'' said Mr. Cuneyt Turktan, Turkcell's Chief Executive Officer. Turkcell is the largest GSM operator in Turkey. The company has been in operation since February 1994 and currently has 1.3 million subscribers, which is 76 percent of the total market. Turkcell also has commercial roaming agreements with 102 operators in 63 countries. The company ranks among the top ten GSM networks globally in terms of subscription base and growth rate. This agreement is part of the company's intent to retain its leading position in a competitive market. GSM is the world's most widely deployed digital wireless communications standard. Ericsson is the market leader in GSM worldwide, with almost half the world's 80 million GSM subscribers connected by Ericsson systems. More than 110 network operators in some 60 countries around the world rely on Ericsson's GSM 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.