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PORTUGAL TELECOM SELECTS UMTS SUPPLIERS.

Portugal Telecom (NYSE: PT; BVL: PTCO.IN), Lisbon, has has announced that it has chosen its UMTS network suppliers.

TMN, Portugal Telecom's mobile subsidiary, will soon roll-out its Portuguese nationwide UMTS network, having chosen its suppliers, following the recent award of the license by the Portuguese government.

TMN has selected Siemens, Alcatel and Ericsson as the main suppliers for its UMTS network. These companies will supply and install the network and will provide the terminal equipment, guaranteeing the launch of the service on December 1, 2001.

The core network will be supplied and installed by Siemens, and the UMTS Terrestrial Radio Access Network (UTRAN) by Siemens, Alcatel and Ericsson. TMN's network supplier decision was based on the strong position of these companies in the Portuguese market, pricing, existing relationships with TMN, and the commitment to provide hardware.

Iriarte Esteves, TMN's CEO, said: "Our existing relationships with the selected partners, as well as their full commitment to TMN, will allow us to reach our objectives. We are very excited about the development of UMTS services, as they will broaden the services available to our wide customer base, allowing us to take full advantage of the leading Portuguese content available within PT Group. We are committed to be the leader in the development of UMTS, as we have been with GSM."

This information is also available on PT's website www.telecom.pt.

Portugal Telecom is listed on the Lisbon and New York Stock Exchanges and traded on London SEAQ International. Information may be accessed on the Reuters 2000 Service under the symbols PT and PTCO.IN, on Bloomberg and Quotron under the symbol PT.

For more information, call 212/889-4350.
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Title Annotation:Company Business and Marketing
Comment:PORTUGAL TELECOM SELECTS UMTS SUPPLIERS.(Company Business and Marketing)
Publication:Worldwide Telecom
Geographic Code:4EUPR
Date:Feb 1, 2001
Words:278
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