Ericsson named key supplier in major GSM expansion to STC, Kingdom of Saudi Arabia.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--Aug. 13, 2001 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) has been named by the Saudi Telecommunications Company See telecom company. as the key supplier for STC's fifth GSM (Global System for Mobile Communications) A digital cellular phone technology based on TDMA that is the predominant system in Europe, but also used worldwide. Developed in the 1980s, GSM was first deployed in seven European countries in 1992. expansion in the Kingdom of Saudi Arabia Saudi Arabia (sä  `dē ərā`bēə, sou`–, sô–), officially Kingdom of Saudi Arabia, kingdom (2005 est. pop. .
The award is valued for Ericsson at up to $826 million. The project is due to be completed around year-end 2002. The agreement means that Ericsson will provide the total core network Kingdom wide, as well as the major portion of STC's radio network, covering the central and Eastern provinces as well as the Jeddah area. Ericsson will provide STC STC Supplemental Type Certificate (FAA) STC Society for Technical Communication STC Subject to Change STC Surf the Channel (website) STC Sound Transmission Class STC Singapore Turf Club with full supply, technology and services support for the project. The expansion will make STC the largest and among the most advanced GSM networks in the Middle East. "Ericsson is very pleased to be providing STC with the solutions and services to help them further improve their GSM network and build the advanced platform for the next generation. This contract further reinforces the trust shown by leading operators like STC in Ericsson's telecom expertise," said Cesare Avenia, Ericsson Vice President for Middle East and Africa region. Ericsson is shaping the future of Mobile and Broadband Internet See broadband. communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world. Read more at http://www.ericsson.com/press |
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