Ericsson Signs USD 385 Millions AXE-Contracts in Brazil.STOCKHOLM, Sweden--(BUSINESS WIRE)--Dec. 20, 1996--Ericsson has signed AXE contracts valued at USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 385 million (SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2,600 million), with three regional operators within Brazilian Telebras. The contracts include extensions and modernization of the fixed telecoms networks in Brazil. Ericsson has signed contracts with Telesp, the telecoms operator in the state of Sao Paulo, valued at USD 345 million. Apart from AXE switching equipment, deliveries include cables, equipment for power supply and climate control. Installations will be finalized in May 1998. CTB CTB Council Tax Benefit (UK) CTB Coopération Technique Belge (French: Belgian Technical Cooperation) CTB Commonwealth Transportation Board (Virginia Department of Transportation) Campo, the telecoms operator of the industrial region in the outskirts of Sao Paulo, has ordered equipment worth USD 30 million from Ericsson. The contract includes extensions of the fixed networks of Santo Andre San·to An·dré A city of southern Brazil, an industrial suburb of São Paulo. Population: 682,000. da Borda do Campo, Sao Bernardo do Campo São Ber·nar·do do Cam·po A city of southeast Brazil, an industrial suburb of São Paulo. Population: 740,000. Noun 1. Sao Bernardo do Campo - a city in southeastern Brazil; an industrial suburb of Sao Paulo , Sao Caetano do Sul São Cae·ta·no do Sul A city of southeast Brazil, an industrial suburb of São Paulo. Population: 144,000. and Diadema. Telest, the telecoms operator in the state of Espirito Santo, has signed a contract, valued at USD 10 million, for extension and modernization of the network of the state capital Vitoria and three other cities. The two last mentioned contracts include AXE switching equipment and will be delivered during the first half of 1997. The orders are part of the governmental telecom improvement program running from 1996 to 2003. The objective is to raise the Brazilian telephone density from today's 10 percent to approximately 24 percent. The local company, Ericsson Telecomunicacoes S.A., is an important supplier of public switching, broadband and mobile systems to the Brazilian market. The company has 2,200 employees and is headquartered in Sao Paulo. Ericsson's 90,000 employees are active in more than 130 countries. Their combined expertise in switching, radio and networking makes Ericsson the world leading supplier in telecommunications. CONTACT: Paulo Castelo Branco Castelo Branco (pron. IPA [kɐʃ'tɛlu 'bɾɐ̃ku]) is a city and a municipality, seat of the district of Castelo Branco, in Centro region, Portugal. Vice President, Fixed Telecommunications Ericsson Telecomunicacoes S.A. + 55/11/681-1263 or Ulf Bergman Market Manager, Brazil, Business Unit Switching and Network Systems Ericsson Telecom AB + 46/8/719-3783 or + 46/7/519-3783 or Pernilla Melander Press Relations, Business Unit Switching and Network Systems Ericsson Telecom AB + 46/8/719-1120 |
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