Ericsson signs contract for 2.5G mobile handset platforms with GVC Corporation

Press release
Mar 26, 2002 12:19 (GMT +00:00)
"By this agreement we get access to Ericsson's world-class platform technology. We are confident that this offering will enable GVC to launch new products quickly", says Dr. David Su, President of GVC Corporation.

"Based on Ericsson's mobile platforms offering, we are assured that GVC Corporation will meet its high demands on handset development, products and rapid time to market for its customers", says Tord Wingren, President of Ericsson Mobile Platforms. "The deal shows evidence of the transforming mobile phone market, where previously a handful of companies would supply the complete products to their customers. Today the market trend is that a large number of vendors will build consumer products using crucial components supplied by a small number of specialized companies."

In line with the agreement, GVC Corporation develops value added 2.5G GPRS phones based on Ericsson's core mobile handset technology. Ericsson holds the world's largest portfolio of 2.5G and 3G Intellectual Property Rights. Part of this portfolio is now offered to the market through Ericsson Mobile Platforms, positioning Ericsson as a leading supplier of the core handset technology.

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