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Ericsson responds to Ba1 rating by Moody's
Moody’s Investor Services today announced that it has downgraded the long-term credit rating of Ericsson from Baa3 to Ba1 and continues to review its rating for possible further downgrade pending completion of the rights offering. The action does not affect the underwriting of the rights offering.
Ericsson Supplies MMS Infrastructure to Turkcell
Ericsson has supplied the complete infrastructure of MMS to Turkcell after signing an agreement in May 2002. Turkcell launched MMS service on July 17, 2002. Through Ericsson Mobility World in Turkey Ericsson also gives support to Turkcell for content and applications development.
Ericsson's MMS solution selected by Amena in Spain
Ericsson has been selected by the Spanish operator Amena to supply its end-to-end MMS Solution. The contract includes the MMS infrastructure, WAP gateway, multimedia library and non-MMS Phone Support. The contract also includes service and integration of all elements in Amena’s existing mobile network. Amena launched its MMS services in the beginning of July.