Ericsson Scores with WCDMA and cdma2000
>> Ericsson, China Unicom Sign Contracts
October 21, 2002
Stockholm
Dow Jones
L.M. Ericsson Telephone Co. received a $150 million contract from China Unicom Ltd. (CHU) to upgrade its wireless network systems.
In a press release Monday, Ericsson also said it expanded its original contracts with China Unicom, which it received last year.
Nanjing Ericsson Panda Communications Co., Ericsson's joint venture with China, will immediately begin to deploy CDMA2000 networks to replace the cdmaOne networks currently in use. The upgrade should be completed by the end of 2002.
The newer CDMA systems are currently installed in China's Sichuan province, with more than 10,000 customers.
Earlier Monday, Nortel Networks (NT) said it received a $280 million contract from China Unicom for similar network infrastructure equipment, and other communications companies are expected to announce similar deals.
On Friday, Ericsson reported a $597.5 million third-quarter loss, with sales dropping 29% to $3.59 billion. The company said its mobile sales for the year could fall more than 20%.
Ericsson's American Depositary shares recently traded at 67 cents on the Nasdaq market, up 5 cents, or 8.1%, on Nasdaq market composite volume of 26.1 million shares. Average daily volume is 32.6 million shares. <<
>> Ericsson Gets New 3G Order From Japan's J-Phone
October 21, 2002
Stockholm
Dow Jones
Telefon AB LM Ericsson said Monday that it has received a further order for third-generation network equipment from Japanese mobile telecommunications operator J-Phone.
Ericsson will supply its 3G macro base stations as well as its newly developed 3G micro base stations, which are designed for urban areas and enclosed spaces such as subways.
No financial details were disclosed. J-Phone began its 3G trial service June 30 using a network supplied by Ericsson. <<
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