Telenor Sweden Uses Ericsson Managed Services

STOCKHOLM -- Ericsson (NASDAQ: ERIC) has signed a major managed services contract with Telenor Sweden, provider of data and telecommunication services. Through the deal, Ericsson will gain valuable competence in the service area and reinforce its service business in the region.

Ericsson's Service business has grown significantly over the past years, and the company foresees that the importance of services will continue to increase. Ericsson is well positioned to react to this scenario, thanks to the skills of its service professionals and the scale of its global operations in service delivery. Ericsson employs more than 45,000 service professionals worldwide, the majority working regionally or locally. Ericsson has invested USD 1 billion in tools, methods and processes to secure capabilities and competence in service delivery.

Robert Puskaric, Head of Region Northern Europe and Central Asia, Ericsson, says: "Today Managed Services is one of the fastest growing areas in the telecom industry. With this new strategic partnership we gain valuable competencies and greater capabilities for us to continue to develop our service business, and to emphasize our long-term service commitment in the region. The experience of Telenor's employees and the best practices of Ericsson's global services organization will benefit this entire community.

"Ericsson will now continue to develop as the most competitive and attractive service supplier on the Swedish market," he adds.

Ericsson AB (Nasdaq: ERIC)