Ericsson selected as sole supplier for Finnet's 3G network.STOCKHOLM, Sweden -- Finnish operator Finnet has selected 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) as sole supplier for its new 3G network, including HSDPA (High Speed Downlink Packet Access) See HSPA. . Ericsson will also extend Finnet's existing GSM network. Ericsson will deliver the first phase of Finnet's 3G network as a turnkey solution in 2005, with extensions to the network to be undertaken in 2006 and 2007. Ericsson will deliver the network infrastructure, including complete network design, deployment and integration services. Under the agreement, which is valid until the end of 2007, Ericsson will also extend and upgrade Finnet's GSM/GPRS/EDGE network. Kjell Forsen, President, Ericsson Finland says: "We are happy to see Finnet stepping into the 3G business. This strategic decision will allow them to boost their mobile communications and launch new services, such as mobile broadband Description Mobile Broadband is a type of wireless internet access that differs from Wi-Fi. Mobile Broadband is the name used to describe the 3G services which are made possible by HSDPA and HSUPA, the latest technologies on the W-CDMA evolutionary path. and multimedia services." Riitta Tiuraniemi, Managing Director, Finnet Networks, says: "We believe now is the right time to invest in 3G and HSDPA technologies. Our goal is to launch high-quality 3G services, implemented jointly with Ericsson, by the end of this year." The first deliveries started at the beginning of June. 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 About Finnet Finnet is a Finnish telecommunications group, which consists of 37 telephone companies, Finnet Ltd with its affiliates and Finnet Association among others. The group's total turnover in 2004 was 1,0 billion euros. Finnet's main market area is Finland. Finnet Ltd consists of Finnet's nationally operating companies, such as DNA Finland DNA Finland is a mobile phone network in Finland operated by the Finnet group of phone companies. The member companies of Finnet are current or former telephone cooperatives. The DNA network was started after a split up in the Finnet group. Ltd, Finnet Networks Ltd and its new telephone company in the capital area, Finnet Com Ltd. Finnet Ltd's net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight in 2004 amounted to EUR EUR In currencies, this is the abbreviation for the Euro. 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. 351 million. For further information, please visit www.finnet.fi |
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