Business Services Industry

Ericsson signs managed services contract with TDC A/S

Nordic Business Report, Feb 7, 2008

Swedish telecomms solutions provider Ericsson (NASDAQ: ERIC) said on Thursday (7 February) that it has signed a managed services contract with the Danish operator TDC A/S.

The contract is the largest full-scope managed services contract in the Nordic region, the company added.

Under the seven-year agreement, Ericsson will be responsible for the management, operation, network design and performance management of TDC's mobile network, including field operations.

Ericsson, through a single-source contract, will also provide GSM/WCDMA radio access and common core network equipment, and a wide range of services to support network expansions, including HSPA upgrades.

Ericsson will initially replace TDC's existing radio equipment, including more than 1000 base stations, to implement a single-vendor network.

Ericsson will also provide a comprehensive range of professional services, such as network deployment and systems integration. As part of the agreement, about 220 TDC employees will be transferred to Ericsson, the company added.

No financial information was provided.

TDC A/S is headquartered in Copenhagen in Denmark. In addition to being an operator in Denmark, TDC is also reportedly the second-largest telecomms provider in Switzerland. TDC is listed on the OMX Nordic Exchange in Copenhagen.

Ericsson is headquartered in Stockholm, Sweden. Its equipment is used in more than 1,000 networks in 140 countries, and 40% of the world's mobile calls are made through Ericsson systems. The company is listed on the Nordic Exchange in Stockholm, and its shares are also traded on the London Stock Exchange and on NASDAQ.

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