The Ericsson WCDMA solution will enable COSMOTE customers in Greece to continue enjoying advanced mobile services in the new 3G era. In addition to designing and implementing its 3G network, Ericsson has committed to work closely with COSMOTE in developing attractive end-user services in advance of the upcoming 2004 Olympic Games in Athens.

"The start of the deployment of our 3G network in Greece is yet another milestone for COSMOTE and confirms once again the company's proven commitment to deliver the highest quality, most user-friendly services to the Greek people," said Evangelos Martigopoulos, CEO of COSMOTE.

COSMOTE's Board of Directors selected Ericsson as the main vendor for the first phase of its 3G deployment in their June 19 board meeting. The first phase covers the period until the end of 2004.

"We are very honored that COSMOTE has selected Ericsson as the main partner for their initial 3G network rollout," said Bill Zikou, President of Market Unit South East Europe at Ericsson. "This Letter of Intent is yet another confirmation of Ericsson's global leadership in providing end-to-end WCDMA solutions and a clear recognition of our competitive local position."