Ericsson Signs Major Frame Agreements for Guangdong Province.Business Editors/Technology Writers STOCKHOLM, Sweden--(BUSINESS WIRE)--Sept. 6, 2000 Ericsson (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ERICY) will on Friday sign two key frame agreements in Stockholm with China Telecom Group Guangdong Corporation and Guangdong Mobile Communications Co. Ltd. (GMCC GMCC Grant MacEwan Community College GMCC German Mid Cap Conference GMCC Global Monitoring for Climate Change GMCC Ground Mobile Command Center GMCC GNAS Maintenance Control Center (FAA) ), to build a new generation fixed network and expand mobile networks in China's southern province of Guangdong. Valued at $550 million, the fixed network and mobile agreements confirm Ericsson as Guangdong's leading telecommunications supplier in the foreseeable future. It is expected that detailed contracts for the two agreements will be finalized See finalization. next year. "We are very pleased to strengthen further our established association with Guangdong Province Noun 1. Guangdong province - a province in southern China Guangdong, Kwangtung ," commented Kurt Hellstrom, President, Telefon AB LM Ericsson. "Guangdong, with a population of 70 million and accounting for 18 percent of national telecommunications revenues, is at the spearhead of China's telecom revolution, and by these agreements Ericsson continues to be recognized as long-term partner in the modernization modernization Transformation of a society from a rural and agrarian condition to a secular, urban, and industrial one. It is closely linked with industrialization. As societies modernize, the individual becomes increasingly important, gradually replacing the family, process." Under the terms of the agreement with China Telecom Group Guangdong Corporation, Ericsson will provide technical co-operation in research and development, infrastructure equipment and services, installation support and competence development for local staff in building a new generation fixed network for the province. Meanwhile, the agreement with GMCC will see Ericsson significantly expanding Guangdong's existing GSM networks, through the provision of system equipment, software upgrades, including GPRS (General Packet Radio Service) The first high-speed digital data service provided by cellular carriers that used the GSM technology. GPRS added a packet-switched channel to GSM, which uses dedicated, circuit-switched channels for voice conversations. technology, installation and back-up for competence development. Ericsson's relationship with Guangdong Province dates back to 1983, when an Ericsson AXE switching system was purchased by the province's telecom authorities. In 1987 the first contract for an analogue TACS (Total Access Communication System) An analog cellular phone system deployed mostly in Europe. It was modeled after the AMPS system in the U.S. In the U.K., ETACS (Extended TACS) transmits in the 871-904/916-949 MHz band. mobile system was signed. Since then Ericsson has worked closely with China Telecom Group Guangdong Corporation and GMCC in expanding and upgrading the province's fixed and mobile networks. Ericsson is the leading communications supplier, combining innovation in mobility and Internet in creating the new era of Mobile Internet Refers to gaining access to the Internet using a lightweight, handheld device. See Mobile IP, PDA, smartphone and mobile TV. . Ericsson provides total solutions covering everything from systems and applications to mobile phones and other communications tools. With more than 100,000 employees in 140 countries, Ericsson simplifies communications for customers all over the world. Read more at http://www.ericsson.com/pressroom About Ericsson China Ericsson has in China nearly 4000 employees, 24 offices, 10 joint ventures and three wholly owned companies, providing Chinese customers with a full range of communications solutions and services. |
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