Ericsson to provide managed services to Mobistar in Belgium
Ericsson (NASDAQ:ERIC) has been selected by Belgian operator Mobistar, member of the France Telecom group, for a managed services cooperation. About 150 employees are to be transferred from Mobistar to Ericsson.
Within the agreement Mobistar has chosen Ericsson to manage parts of its network activities in the course of 2007. The 5 year agreement is expected to be in commercial operation from the second quarter of 2007 and has a value of approximately EUR 300 million. The finalization of KPIs within the managed services agreement is ongoing.
Hans Vestberg, Executive Vice President and Head of Global Services at Ericsson, says: "We are honored and delighted that Mobistar has chosen us as a partner for managed services This announcement, in combination with the recent one related to Orange in the Netherlands, shows that we have great momentum for managed services and that operators around the globe has confidence in our ability provide high quality network services and attractive work conditions for transferred employees."
Once implemented, the agreement will enable Mobistar to lower operational expenses and focus on further improving its position in the Belgian telecommunications market, while Ericsson will provide top-quality network performance to Mobistar customers.
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.
Ericsson offers the telecom industry's most comprehensive managed services, ranging from designing, building, operating and managing day-to-day operations of a customer's network, to hosting service applications and enablers, as well as providing network coverage and capacity on demand. As the undisputed leader in managed services, Ericsson has officially announced more than 100 contracts with operators worldwide since 2002. In all current contracts, excluding hosting, Ericsson is managing networks that together serve more than 100 million subscribers worldwide.
Ericsson is a world leader in communications technology and services with headquarters in Stockholm, Sweden. Our organization consists of more than 111,000 experts who provide customers in 180 countries with innovative solutions and services. Together we are building a more connected future where anyone and any industry is empowered to reach their full potential. Net sales in 2016 were SEK 222.6 billion (USD 24.5 billion). The Ericsson stock is listed on Nasdaq Stockholm and on NASDAQ in New York. Read more on www.ericsson.com.