Econet Selects Ericsson for Core and Radio Network Equipment

2/27/2004 - Ericsson and Econet Wireless Nigeria have signed a GSM expansion contract valued at USD 110 million. When completed, the expansion will result in greater geographic coverage for the operator and will double the network capacity.

Ericsson will deliver core and radio network equipment. The first phase of the project is being implemented now and shipments for the second phase are beginning immediately.

The Ericsson expanded network will provide Econet with a flexible and robust network that will sustain rapid subscriber growth and facilitate the easy introduction of services to its customers. Econet currently has more than one million subscribers nationwide. Capacity boosts will be especially important in high traffic areas like Lagos, Port Harcourt, Abuja and Kaduna, among other densely populated areas.

"Ericsson has established itself as the leading supplier of mobile solutions globally, and they are also the number one provider in sub-Saharan Africa," said Econet's acting CEO, Boye Olusanya. "To help us deliver the quality of service our customers expect of us, we chose to work with this industry-leading equipment and solutions provider."

Africa is a region well suited to mobile or satellite communications, and sophisticated cellular services are capturing significant market share against a backdrop of fixed line networks.

"We have an excellent business relationship with Econet Wireless Nigeria, a company that is committed to the attainment of world-class standards and a focus on providing quality telecommunications solutions for Nigerians," said Jan Embro, head of Ericsson for the sub-Saharan African region. "Ericsson's on-going commitment to providing telecommunications infrastructure in Nigeria makes this contract another exciting step in that important mission."

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.

About Econet Wireless Nigeria
Econet Wireless Nigeria Limited launched its services ahead of other operators in August 2001, after a very competitive international bidding auction for Nigeria's GSM licenses. Owned largely by Nigerian investors, the company is the second biggest GSM network in Nigeria with over one million subscribers. The network currently covers over 43 cities and over 450 communities spread across the six geopolitical zones of the country.

Econet Wireless Nigeria is an employer of first choice for Nigerian professionals both at home and abroad and is an equal opportunity employer, with a total of 800 employees.

As a good corporate citizen, we believe in putting back some of our earnings in the community by making social investments in the arts, sports, in community development service and other needs of society including economic advocacy, humanitarian assistance and emergency management. Our Econet Crisis Centre, an emergency response service, is rated as one of the standard bearers in the field of corporate social responsibility. Econet has resolutely embarked on an aggressive pursuit of service and professional excellence, conscious of its place in the history of the GSM industry in Nigeria, and we are winning the battle not only in the hearts of individual Nigerians but also in the corporate world.

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