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Ericsson Signs Managed Services Contract With Sonaecom in Portugal

Posted on: Wednesday, 7 September 2005, 09:00 CDT

Ericsson (NASDAQ:ERICY) and Portuguese telecom group Sonaecom have signed a five-year managed services contract that includes field operations for the multi-vendor infrastructure networks of Optimus and Novis, the mobile and fixed brands of Sonaecom.

Under the agreement, Ericsson will provide day-to-day field operation for the Optimus 2G/3G network and Novis' fixed network in Portugal. This will enable Sonaecom to focus on its growth strategy and efficiently evolve its networks for future technologies.

Luis Reis, Chief Operating Officer of Sonaecom, says: "Ericsson's local services organization will support us and, in combination with its global experience in managed services, ensure up-to-date processes that maintain quality of services to our customers."

Fatima Raimondi, President of Ericsson Portugal, says: "Ericsson is pleased to extend the partnership with Sonaecom. We will enable substantial cost savings for their operations and support them to offer excellent network quality to their customers, making Sonaecom even more competitive in the market."

Ericsson is the industry leader in managed services with 50 officially announced contracts. Ericsson is managing networks that together serve more than 43 million subscribers worldwide.

Ericsson is shaping the future of Mobile and Broadband Internet communications 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.

Read more at http://www.ericsson.com

About Sonaecom

Created in 1994, Sonaecom adopted its current corporate name in 1999. Sonaecom is the sub-holding of the Sonae Group for the areas of telecommunications (Clix, Optimus and Novis), media (Publico) and software and information systems (Enabler, WeDo, BizDirect e Mainroad). The company plays an active role in the integrated management of these business units, identifying and building on existing synergies and the company's growth potential. Sonaecom's main goal is to become the leader in the supply of integrated telecom services in Portugal.

For more information please visit the website: www.sonaecom.pt

About Ericsson's managed services offering

Ericsson has the telecom industry's most comprehensive managed services offerings, ranging from designing, building, operating and managing day-to-day operations of a customer's network, to hosting content, applications and enablers, as well as providing network coverage and capacity on demand. As the undisputed leader in managed services, Ericsson has officially announced 50 managed services contracts with operators worldwide since 2002. In all its current managed services contracts, excluding hosting, Ericsson is managing networks that together serve more than 43 million subscribers worldwide.

Source: Business Wire

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