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Ericsson to Sell Marconi DWDM

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6/5/2002
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LONDON -- Marconi (London and Nasdaq: MONI) today announced that it has signed an expanded agreement with Ericsson (ERICY) to source Marconi's broad range of Dense Wavelength Division Multiplexing (DWDM) next-generation optical networking equipment, and also encompassing the companies' well-established agreement on synchronous digital hierarchy (SDH) equipment. The new agreement is effective immediately and creates an important new route to market for Marconi's next generation optical equipment. The agreement represents a natural progression in the companies' existing co-operation within optical products, building on their successful 1995 partnership in SDH technology. The expanded agreement ensures integrated, end-to-end optical network solutions for Ericsson's mobile and fixed multi-service customers around the world, as well as a smooth evolution path to the intelligent DWDM networks of the future while leveraging customers' original SDH investments. Ericsson will also provide comprehensive global services to its optical network customers, including network management solutions developed in-house. Mike Parton, Marconi's chief executive officer, said: "Our very successful partnership with Ericsson over the last six years has created a strong foundation on which to expand our future market strategy for Marconi DWDM. This agreement provides substantial benefits to Marconi. It will also provide Ericsson with a strong technology proposition to enable their customers to evolve their optical networks." Marconi PLC Ericsson AB

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