Ericsson selected by Hi3G Access as principal UMTS-supplier.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--June 25, 2001 Swedish 3G operator Hi3G Access has signed a letter of intent with 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) for the supply of UMTS (Universal Mobile Telecommunications System) The GSM implementation of the 3G wireless phone system. Part of IMT-2000, UMTS provides service in the 2 GHz band and offers global roaming and personalized features. network infrastructure and services. Ericsson also enters a wider cooperation with Hi3G and companies within the Hutchison 3G group, concerning the development of strategic applications and services. "We are pleased to have entered into the letter of intent for Ericsson to supply UMTS infrastructure to Hi3G after an evaluation that has been detailed and covered extensively all technical and commercial aspects to make sure that we get the best future proof solutions for our customers. Ericsson will be a long-term strategic partner of Hi3G and I am confident that we together can create the leading 3G service in Sweden," said Chris Bannister, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Hi3G. The letter of intent deals with the supply of Hi3G's complete Core Network and a major part of the Radio Access Network, including Base Stations and Base Station Controllers. Hi3G is in the finale stages of selecting suppliers for the remaining part of the Radio Access Network. "In order to stimulate a fast 3G roll out it is of crucial importance that the network technology is complemented with attractive applications and user friendly services," said Mats Dahlin, President of Ericsson Radio Systems and head of Ericsson Mobile Systems Division. "In this respect we are very proud to be chosen by Hi3G, not only for supplying equipment, but also for applications development. We are also very honoured to enter this wider cooperation with other Hutchison companies." The UMTS network for HI3G will be built according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. WCDMA (Wideband CDMA) A 3G high-speed digital data service provided by cellular carriers that use the TDMA or GSM technology worldwide, including AT&T (formerly Cingular) and T-Mobile in the U.S. , which is the globally dominating standard for 3G. Ericsson is the leading 3G-supplier, to this day named by 33 of around 50 WCDMA-operators worldwide. 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 About Hi3G Hi3G is the holder of a Swedish national UMTS licence and is aiming to become Sweden's leading 3G operator with innovative services and a high quality network. The company's strength lies in the fact that it is a pure 3G company, with no baggage from old technologies such as 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. . Hi3G is expanding its operations in Sweden rapidly with the support of its owners, Hutchison Whampoa Hutchison Whampoa Limited or HWL (Traditional Chinese: 和記黃埔有限公司, HKSE: 0013 Ltd. (60%) and Investor AB Investor AB is a Swedish investment company, founded in 1916 and still controlled by the Wallenberg family. The company owns a controlling stake in several large Swedish companies. In 2006 it had a market value of 119 billion kronor (€13 billion). ($16 billion). (40%), who have a strong commitment to Hi3G and the development of 3G in Sweden and a solid network and industry track record worldwide. Hi3G is cooperating with other Hutchison Whampoa group companies that hold 3G licences in other countries, including Australia, Austria, Italy, and the United Kingdom. Hi3G will provide services with a full population coverage in Sweden by the end of 2003. Please stay in touch and visit our site at www.hi3gaccess.se |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion