Turkcell and Ericsson Sign USD 400 Million Mobile Network Contract.Business & Telecommunications Editors ISTANBUL, Turkey--(BUSINESS WIRE)--Jan. 30, 2001 Turkcell (NYSE NYSE See: New York Stock Exchange :TKC, ISE Ise (ē`sā), city (1990 pop. 104,164), Mie prefecture, S Honshu, Japan, on Ise Bay. It is one of the foremost religious centers of Shinto, the site of the shrines of Ise. :TCELL), the leading provider of mobile communications services in Turkey, and one of the largest and fastest growing mobile communications operators in Europe, today announced that it has signed a contract with Ericsson 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. 400 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. 3,600 million). The contract signed by the two companies will allow Turkcell to upgrade and develop its GSM system infrastructure to meet the demands of Turkcell's rapidly increasing user base, expand in additional geographic areas and offer increased capacity in high-density areas. Turkcell continues to rapidly grow its network and provide more sophisticated voice and data services to its subscribers. In July 2000, Turkcell was one of the first mobile operators to purchase Ericsson's GPRS (General Packet Radio Service) The first high-speed digital data service provided by cellular carriers that used the GSM technology. GPRS added a packet-switched channel to GSM, which uses dedicated, circuit-switched channels for voice conversations. technology providing end-to-end solutions including core network elements, transmission backbone, interfaces, implementation and relevant end-user terminals and applications. In February 2000, Turkcell and Ericsson announced a record-breaking USD 850 million contract which was one of the biggest single contracts in the history of Ericsson. With the contract signed today, Turkcell will be able to purchase several of Ericsson's latest GSM innovations, such as MPS3.0 (Mobile Positioning System), WAP3.0 (Wireless Application Protocol) as well CNTS CNTS Centre National des Techniques Spatiales (French) CNTS Centrum voor Nederlandse Taal en Spraak (Dutch: Centre for Dutch Language and Speech, Antwerp, Belgium) CNTS Centro Nacional de la Transfusión Sanguínea (Core Network Transport Solution). GSM is the world's most widely deployed wireless communications standard. Ericsson is the global market leader in GSM, with close to half of the world's 400 million GSM subscribers connected by Ericsson systems. More than 140 operators in more than 70 countries around the world rely on GSM systems from Ericsson. About Turkcell Turkcell is the leading GSM operator in Turkey with approximately 10.1 million postpaid and prepaid customers as end of year 2000. Turkcell has revenues of US$1,637 million and adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become of US$551.5 million as of September 30, 2000. Turkcell provides high-quality wireless telephone services throughout Turkey and has coverage of 99.7% of the towns with more than 10,000 inhabitants. At the end of 1999, Turkcell became the first GSM operator in Turkey to be awarded the prestigious ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 certificate for the quality of its service. Turkcell has interests in international GSM operations in Azerbaijan, Georgia, Kazakhstan, Moldova and Northern Cyprus. All international GSM investments other than Turkcell's Northern Cyprus operations are held by Fintur Holdings B.V. |
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