Ericsson signs broadband contract with Telecom Italia.STOCKHOLM, Sweden--(BUSINESS WIRE)--Aug. 23, 1995--Ericsson has, as a part of a consortium with two other suppliers, signed a contract with Telecom Italia Telecom Italia is formerly a partially state-owned Italian telco. It was once known as SIP, and it has the largest user base in Italy. Telecom Italia also owns shares in Telecom Argentina and Telecom Personal, fixed and cellular networks in Argentina. for a broadband network. The total contract is valued at $200 million. Ericsson's part is approximately three quarters of the total value. The experimental broadband network will form the foundation for the backbone of Italy's information superhighways (1) A generic name for the Internet. (2) A proposed high-speed communications system that was touted by the Clinton/Gore administration to enhance education in America in the 21st century. Its purpose was to help all citizens regardless of their income level. . It will enable Telecom Italia to supply customers with advanced multimedia services. The contract, won by Ericsson Telecomunicazioni S.p.A., Ericsson's Italian subsidiary, Marconi and Tratos in the EMT See Efficient markets theory. consortium, includes complete system integration, network engineering, broadband transmission equipment, network and service management systems, cables and customer premises equipment See CPE. , and construction. The network will use advanced fiber optic access technology for the economic transport of broadband services See broadband and broadband service provider. . The broadband system to be supplied by Ericsson is based on a hybrid fiber optic-coaxial network architecture. The equipment will be delivered by Ericsson Raynet, the joint venture between Ericsson and Raychem Corp. Ericsson will install equipment and cables in the cities of Rome, Palermo, Catania, Padoa, Genoa Genoa (jĕn`ōwə), Ital. Genova, city (1991 pop. 678,771), capital of Genoa prov. and of Liguria, NW Italy, on the Ligurian Sea. , Bergamo, Brescia, Florence and Venice. The work will start in the coming weeks. 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 Kathy Egan or Lars Jonsteg, 212/685-4030 |
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