Ericsson signs telecom contract in Sri Lanka.STOCKHOLM, Sweden--(BUSINESS WIRE)--Dec. 19, 1994--Ericsson has been awarded a contract valued at USD USD In currencies, this is the abbreviation for the U.S. Dollar. 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. 86 million (SEK SEK In currencies, this is the abbreviation for the Swedish Krona. 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. 650 million) from the national operator Sri Lanka Sri Lanka (srē läng`kə) [Sinhalese,=resplendent land], formerly Ceylon, ancient Taprobane, officially Democratic Socialist Republic of Sri Lanka, island republic (2005 est. pop. Telecom. On a turnkey See turnkey system. basis, Ericsson will supply and implement telecommunications networks A telecommunications network is a of telecommunications links and nodes arranged so that messages may be passed from one part of the network to another over multiple links and through various nodes. including the AXE (An X Editor) A text editor used with the X Window system. By adding widgets, aXe can be customized by the user. (tool) aXe - A text editor for the X Window System. No longer maintained. switching system, transmission and outside plant in eight different areas in Sri Lanka. This is the largest contract so far awarded for telecommunications in Sri Lanka. Equipment deliveries will start in early 1995, and installation of the networks will be finished by the end of 1996. Lars Silfverling, managing director of Ericsson Telecommunications Lanka, comments: "The size of the contract reflects the Sri Lankan Government's determination to support the economical development of the country with large infrastructural investments. We are very proud of the confidence Sri Lanka Telecom shows in us and are looking forward to a successful collaboration to further develop the telephone service in the country." This contract, together with an earlier contract for AXE switching equipment awarded to Ericsson during 1994, makes Ericsson the largest telecommunications supplier in Sri Lanka. Ericsson's 75,000 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, 212/685-4030
Lena Hyttsten, +46 8 764 0119
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