Ericsson signs $140 million AXE Switch contract with Telekom Malaysia Berhad

Business Wire, Sept 9, 1996

STOCKHOLM, Sweden--(BUSINESS WIRE)--September 9, 1996--Ericsson has signed a $140 million contract with Telekom Malaysia Berhad, the major telecoms operator in Malaysia, for the supply of AXE switching equipment to their fixed telecoms network.The contract includes deliveries and installations of AXE trunk lines, INsolutions (Intelligent Networks), ISDN as well as network management solutions over a two year period.Installations will start in late autumn 1996.

This is another supplementary agreement to the 800,000 AXE lines contract with Telekom MalaysiaBerhad, signed in 1992. Ericsson has already installed 2.8 million AXE lines in Malaysia.

"We are pleased and honored that Telekom Malaysia awarded us this contract. We see it as a strong sign of confidence in our technology and capability to support their ambitions and advanced plans for developing the new telecom services in Malaysia," says Mr. Kadir Kamaludin Abdul, Executive Director of Perwira Ericsson Sdn Bhd.

Ericsson has earned a strong position in Malaysia as a supplier for both fixed and mobile networks.

Ericsson's 85,000 employees are active in more than 100 countries. Their combined expertise in switching, radio and networking makes Ericsson a world leader in telecommunications.

CONTACT: KATHY EGAN

LARS JONSTEG

212-685-4030