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

To: P2V who wrote (1661)	5/27/1998 12:45:00 PM
From: P2V	Respond to of 5390

ERICSSON SIGNS CONTRACT FOR THE THURAYA MOBILE SATELLITE SYSTEM Ericsson has signed a contract with Hughes Network Systems (HNS), a subcontractor to Hughes Space and Communications (HSC), to deliver GSM switching equipment and other system elements for gateway infrastructure to the Thuraya mobile satellite system. The initial contract value for Ericsson is approximately USD 54 million (SEK 416 million). This is Ericsson's first gateway infrastructure contract for a regional mobile satellite system using a geostationary satellite. Thuraya is planning to establish a geomobile satellite system that will provide coverage in Asia, Northern Africa, and parts of Southern and Central Europe to approximately 2 million subscribers beginning in late 2000. Thuraya services will include voice, fax, and data services, that will be offered via handheld, vehicular, and fixed terminals to users throughout the coverage area. HSC signed a contract in September 1997 to become the turnkey supplier for the Thuraya mobile satellite and HNS was selected by HSC as the subcontractor for the development and manufacturing of Thuraya's geomobile satellite system ground network and as the first source for dual-mode user terminals. Thuraya is a private joint stock company headquartered in Abu Dhabi, United Arab Emirates. This contract confirms Ericsson's commitment to develop specific equipment for the mobile satellite systems that will play an important role in providing complementary service to existing terrestrial cellular system operators and fixed telephone subscribers in remote areas. Areas where it is cost prohibitive to reach by installation of cellular land base stations or fixed networks can easily be reached via the multinational coverage provided by satellites. Roaming agreements between cellular operators and satellite service providers and the availability of dual-mode handheld phones will facilitate these services. 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. FOR FURTHER INFORMATION, PLEASE CONTACT Rudi Omholt, Director Strategic Business Development, Mobile Satellite Systems, Ericsson Business Area Mobile Systems Tel. +46 8 404 5338, Mobile +46 70 550 5100 Catharina Jedberger, Marketing and Sales Manager, Mobile Satellite Systems, Ericsson Radio Systems AB Tel. +46 8 404 4464, or +46 70 584 8087 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.