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Ericsson confirms senior secured customer financing to Leap
In connection with today's announcement concerning a restructuring by Leap Wireless International, Inc., Telefonaktiebolaget LM Ericsson confirms that is has provided senior secured customer financing to Leap which at June 30, 2002, amounted to gross exposure of SEK 1.1 bn (SEK 0.9 bn net of provisions).
Ericsson Awarded MMS Contract by China Mobile
Ericsson has been selected as one of the main suppliers by the world largest mobile operator China Mobile Communication Corporation (CMCC) to provide its complete MMS system solutions. The contract includes the MMS Center (MMSC) and peripherals.
Ericsson at the World Summit on Sustainable Development
At the Johannesburg World Summit on Sustainable Development. 2002, August 26 - September 4, Ericsson will demonstrate products and business solutions for a sustainable future.
Ericsson wins GSM deal with Turkish Aycell
Ericsson and Aycell have signed an agreement for expansion of the Turkish operator’s GSM mobile network in seven major cities. The agreement covers a three year period and is valued at Euro 55 million.
Extension of deadline to exchange ADS rights for B share rights
In connection with Ericsson’s rights offering, Citibank, N.A., as ADS rights agent, has agreed to provide holders of ADS rights with additional time to exchange their rights for B share rights. Citibank has agreed to extend the deadline to exchange ADS rights for B share rights until 5:00 p.m. (New York City time) on August 27, 2002.
Ericsson finalizes sale of its holdings in Ericsson Panda Mobile Terminals Co. Ltd
Ericsson and Microcell S.A. have completed the transaction whereby Microcell takes over Ericsson's majority holdings in the former joint venture Ericsson Panda Mobile Terminals Co. Ltd. in Nanjing, China.