Business Services Industry
Ericsson signs managed services contract in Brazil
Nordic Business Report, May 26, 2008
NORDIC BUSINESS REPORT-26 May 2008-Ericsson signs managed services contract in Brazil(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com
Swedish telecomms solutions provider Ericsson (OMX Stockholm: ERIC A, ERIC B) (NASDAQ: ERIC) said on Monday (26 May) that it has signed a managed services contract with the Brazilian operator Telefonica to maintain its new fibre network.
Under the three-year agreement, Ericsson will supervise and provide preventive and corrective maintenance services for Telefonica's fibre network in Sao Paulo state, beginning in April 2008.
The strategic partnership will allow Telefonica to reduce operational expenditure and focus on its core business, Ericsson said.
No financial information was provided.
Ericsson, headquartered in Stockholm, Sweden, provides technology and services to telecomms operators all over the world. The group has over 70,000 employees in 175 countries and reported revenues of SEK189bn in 2007.
One British pound (GBP) is worth approximately 11.70 Swedish kronor (SEK).
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