Ericsson Chosen as Supplier for Swisscom's New Fixed Line Voice Network

Business Wire, March 19, 2003

Business Editors

STOCKHOLM, Sweden--(BUSINESS WIRE)--March 19, 2003

Ericsson (NASDAQ:ERICY) has been chosen as one supplier for Swisscom's upgraded fixed line voice network.

The deal includes delivery of hardware, software and maintenance services. The project will be implemented during 2003 and 2004.

This agreement is another important milestone in the further development of Swisscom's high quality fixed line network. It includes several projects that will enable Swisscom to keep their existing TDM (Time Division Multiplexing) voice network operating at the highest quality levels and at optimized operational expense levels up through the year 2010. The projects will be implemented during the next 18 months.

"We decided to work with Ericsson in this important project because of their superior product solutions as well as their local expertise in ensuring the implementation and maintenance of this new solution," said Christoph Brand, Head of Swisscom Fixnet Wholesale.

"We are proud to be chosen by Swisscom for our future proof products and solutions. It underlines our role as a leading player of fixed line network infrastructure and services," adds Kristian Tear, President Ericsson Germany, Austria and Switzerland.

Ericsson is shaping the future of Mobile and Broadband Internet communication through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world.