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

To: P2V who wrote (1597)	5/13/1998 1:13:00 PM
From: P2V	Read Replies (1) \| Respond to of 5390

ERICSSON SIGNS GSM EXPANSION CONTRACT WITH MTN IN SOUTH AFRICA Ericsson has signed a framework agreement with Mobile Telephone Networks (MTN) for the further expansion of their GSM network in South Africa. The agreement is valued at USD 200 million (SEK 1,520 million) and includes the supply of switching, radio base stations, new service features and Intelligent Network services including PrePaid services. "With this new agreement, which will cover the next phase of network roll-out, MTN will continue to expand its network coverage, increase its capacity and also further its intention to remain South Africa's number one quality network," says Karel Pienaar, MTN's Network Group Executive. "This agreement certainly manifests MTN's confidence in the South African telecommunications market as well as our conviction that choosing one supplier, Ericsson, enhances the MTN product offering to the South African community." G”ran S”derholm, Director Mobile Networks of Ericsson in South Africa, commented the order: "Ericsson is proud to retain the confidence of MTN, a progressively innovative operator of international reputation. The new agreement further accentuates the MTN-Ericsson partnership, where the synergies of MTN as a successful international operator and Ericsson as the world leading telecom supplier are fully utilized." Ericsson South Africa has recently formed a Strategic Partnership Alliance with the South African Department of Trade and Industry to enable it to take a further proactive approach in fulfilling it's industrial participation requirements. This will further strengthen Ericsson's long-term engagement in terms of research and development, local production, technology transfer and competence development. Ericsson South Africa has more than 300 employees and facilities including manufacturing of Power and Microwave equipment, a Network Design Center and an Application Development Center offering design and development of Intelligent Networks and GSM Value Added Services. GSM is the world's most widely deployed digital wireless communications standard. Ericsson is the market leader in GSM world-wide, with almost half of the world's 80 million 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, infocom systems and terminals makes Ericsson a world-leading supplier in telecommunications. FOR FURTHER INFORMATION, PLEASE CONTACT Christer Hohenthal, Managing Director, Ericsson South Africa (Pty) Ltd. Tel. +27 11 283 2000 Jacques Sellschop, Group Executive Corporate Relations, Mobile Telephone Networks (Pty) Ltd. Tel. +27 11 301 6134 Caroline Freudenthal, Press Relations, Ericsson Business Area Mobile Systems Tel. +46 8 404 4552 ---------------------------------------------------------------- CHANGES TO YOUR SUBSCRIPTION? Cancel your subscription, or have this newsletter delivered to a different E-mail address? If so, just point your web browser at ericsson.se for more details.