Ericsson (NASDAQ:ERIC) has signed a managed services contract with leading Brazilian operator Telefónica to maintain its new fiber network. The strategic partnership will allow Telefónica to reduce operational expenditure and focus on its core business.
Under the three-year agreement, Ericsson will supervise and provide preventive and corrective maintenance services for Telefónica's fiber network in São Paulo state, beginning in April 2008.
This new agreement will allow Telefónica to reduce costs and streamline network management and operations. It will enable shorter time to market for new services while ensuring customers that these are first rate.
Johan Wibergh, President, Ericsson Brazil, says: "We are proud to be chosen by Telefónica and entrusted with the end-to-end supervision and maintenance of its optical fiber network. This partnership reaffirms Ericsson's multivendor capabilities and reinforces our market leadership in managed services."
As the largest telecom services company in the world, Ericsson has officially announced more than 100 managed services contracts with operators worldwide since 2002, and Ericsson supports networks that handle more than one billion subscribers worldwide.
Notes to editors:
Press backgrounder - Ericsson Global Services
Ericsson is the world's leading provider of technology and services to telecom operators. The market leader in 2G and 3G mobile technologies, Ericsson supplies communications services and manages networks that serve more than 195 million subscribers. The company's portfolio comprises mobile and fixed network infrastructure and broadband and multimedia solutions for operators, enterprises and developers. The Sony Ericsson joint venture provides consumers with feature-rich personal mobile devices.
Ericsson is advancing its vision of 'communication for all' through innovation, technology, and sustainable business solutions. Working in 175 countries, more than 70,000 employees generated revenue of USD 27.9 billion (SEK 188 billion) in 2007. Founded in 1876 and headquartered in Stockholm, Sweden, Ericsson is listed on the Stockholm and NASDAQ stock exchanges.
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