Ericsson and Telecom Italia Group strengthen their partnership for mobile communication
Ericsson announced today that it has signed a Letter of Intent with Telecom Italia Group further extending the commercial relationship regarding the supply of mobile communication solutions.
Under the Letter of Intent, a Global Frame Agreement will be signed to regulate terms and conditions for the supply to subsidiaries within Telecom Italia Group for GSM, EDGE and UMTS (WCDMA) equipment and related services. Moreover, the Letter of Intent covers collaboration in R&D, standardization and product and service innovation related activities. The Global Frame Agreement will reinforce the existing relationship between the two companies.
"Ericsson has supported TIM and other Telecom Italia mobile operations since the beginning, and has had a key role in most of the Group's start-ups. This Global Frame Agreement confirms our commitment to further contribute to the success of TIM and Telecom Italia in this challenging market environment," says Cesare Avenia, Head of Ericsson Market Unit in Italy and Head of Global Customer Unit TIG. "This agreement represents a significant recognition of Ericsson's technological leadership and our ability to sustain Telecom Italia Group also in its future successful business growth."
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.
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Ericsson is a world leader in communications technology and services with headquarters in Stockholm, Sweden. Our organization consists of 99,000 experts who provide customers in 180 countries with innovative Solutions and services. Ericsson has the world’s leading patent portfolio in cellular technology, with more than 54,000 granted patents. Together we are building a more connected future where anyone and any industry is empowered to reach their full potential. Net sales in 2019 were SEK 227 billion. The Ericsson stock is listed on Nasdaq Stockholm and on NASDAQ in New York. Read more on www.ericsson.com.