Ericsson receives $23 million espansion order for cellular network in Hungary.STOCKHOLM Stockholm (stŏk`hôlm'), city (1995 pop. 692,954), capital of Sweden and of Stockholm co., E Sweden, situated where Lake Mälaren flows into the Baltic Sea. , Sweden--(BUSINESS WIRE)--Feb. 7, 1996-- Ericsson has received an order from Westel 900 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. for the expansion of its GSM network in Hungary. The contract is worth approximately $23 million, in first phase. This latest order for GSM equipment from Ericsson covers switches and base station equipment for further network expansion. Deliveries and implementation will take place during 1996. This new contract continues the long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. cooperation between Westel and Ericsson in Hungary, which began in 1990 with a contract for delivery of the first digital cellular system to Hungary using the GSM standard. The expansion order is in the line with both Westel's and Ericsson's ambition to become leaders in the Hungarian telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. industry, and major contributors to Hungarian technical development. Ericsson's 80,000 employees are active in more than 100 countries. Their combined expertise in switching, radio and networking makes Ericsson a world leader in telecommunications. CONTACT: Ericsson, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Kathy Egan Lars Jonsteg 212-685-4030 |
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