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

To: Sawtooth who wrote (1674)	5/28/1998 1:36:00 PM
From: Alex	Read Replies (1) \| Respond to of 5390

WOW! Almost 2 Billion in contracts since Apr. 29 Company Press Release Ericsson Signs $210 Million Contract Agreement With Rogers Cantel in Canada STOCKHOLM, Sweden--(BUSINESS WIRE)--May 28, 1998--Ericsson and Rogers Cantel Inc. have announced a new three-year master purchase agreement with an estimated value of $210 million over a three year period. Within the agreement Ericsson will continue to be the principle vendor of D-AMPS IS-136 wireless network infrastructure and services to Rogers Cantel in Canada. Under the terms of the agreement it could also be extended annually for up to two additional years. ''The history of success between Rogers Cantel and Ericsson goes back to 1985'' says Charles Hoffman, President and CEO of Rogers Cantel. ''As we move forward with our Digital PCS network, we will provide an increasing number of services and products to our customers, and Ericsson software and hardware will be integral to our success.'' ''We are very pleased to have renewed our agreement with Rogers Cantel'', says Brian Barry, President & CEO of Ericsson Communications Inc. ''We view Rogers Cantel as a key strategic partner, not only for Ericsson in Canada, but for Ericsson worldwide.'' There are approximately 80 million subscribers using D-AMPS/AMPS networks worldwide. D-AMPS was the first technology to be commercially available as a dual-band (800/1900 MHz) and dual- mode (analog/digital) technology. Over 11 million subscribers are already using D-AMPS digital services. Rogers Cantel Mobile Communications Inc., an 81 percent owned subsidiary of Rogers Communications Inc. [NYSE:RG - news] owns and operates Canada's largest wireless company. Cantel offers a full range of wireless communication services including voice, data and paging under the co-brand Cantel(R) AT&T (TM). Ericsson Communications Inc. is Ericsson's operating company in Canada. It has an R&D center in Montreal with the worldwide responsibility for software development for the wireless standard D-AMPS/AMPS. Ericsson employs 1,400 people across Canada, with offices in Montreal, Mississauga, Burnaby, Ottawa, Calgary, Fort McMurray and Waterloo. 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: KATHY EGAN PER BENGTSSON 212/685-4030 More Quotes and News: Rogers Communications Inc (NYSE:RG - news) Telefon AB LM Ericsson (Nasdaq:ERICY - news) Related News Categories: computers, telecom