Eiopia Telecom to invest with Ericon to transform its network in Eiopia

Ericsson (NASDAQ:ERIC) today signed a framework agreement on 2G/3G mobile communication equipment and related services - such as design, planning, deployment, tuning, and optimization - with Ethio Telecom.

The newly signed framework agreement will allow Ethio Telecom to further improve the capacity and performance of its 2G/3G network. This will consequently ensure improved quality of network coverage, richer and more innovative mobile communication services to subscribers in southern Ethiopia.

The agreement with Ericsson will be used for the procurement of Ericsson products and services and aims to transform the current network and add additional capacity to meet the countrys need to bring connectivity to more than 60 million subscribers nationwide.

Andualem Admassie, CEO, Ethio Telecom, says: Ethio Telecom sees this agreement with Ericsson as an important step towards fulfilling the countrys need for communication under the Telecom Expansion Plan. We believe in a long-term partnership with Ericsson.

Rafiah Ibrahim, Head of Region Middle East and North East Africa at Ericsson, says: Ethiopias 3G market is rapidly growing, driven by Ethiopians high demand on connectivity. Ericsson is devoted to support the development of Ethiopias telecom industry, leveraging our global expertise and technology leadership. Todays signing of the framework agreement will further solidify our partnership with Ethio Telecom as we will work together to ensure rewarding new user experience for Ethiopian consumers in the new connectivity era and we are fully confident that we will together achieve this objective.

The signing was hosted by H.E Dr Debretsion, Minister of Telecommunications in Ethiopia, and was attended by key representatives from Ethio Telecom, Ericsson, and local media.

NOTES TO EDITORS

About Ericsson

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Ericsson is the driving force behind the Networked Society - a world leader in communications technology and services. Our long-term relationships with every major telecom operator in the world allow people, businesses and societies to fulfill their potential and create a more sustainable future.

Our services, software and infrastructure - especially in mobility, broadband and the cloud - are enabling the telecom industry and other sectors to do better business, increase efficiency, improve the user experience and capture new opportunities.

With more than 110,000 professionals and customers in 180 countries, we combine global scale with technology and services leadership. We support networks that connect more than 2.5 billion subscribers. Forty percent of the worlds mobile traffic is carried over Ericsson networks. And our investments in research and development ensure that our solutions - and our customers - stay in front.

Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales in 2013 were SEK 227.4 billion (USD 34.9 billion). Ericsson is listed on NASDAQ OMX stock exchange in Stockholm and the NASDAQ in New York.

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LINK:	http://www.ericsson.com/uk/thecompany/press/releases/2014/12/1880783...
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