STOCKHOLM, SWEDEN — (Marketwire) — 05/03/12 —
* SK Telecom, South Korea-s largest operator, signs contract with
Ericsson to provide LTE services to its subscribers in the country-s
major cities
* Ericsson strengthens its position in LTE and becomes one of SK
Telecom-s main partners
* More SK Telecom subscribers will now benefit from an enhanced
mobile-broadband experience and improved latency
Demand for LTE services in South Korea has increased rapidly since the
commercial launch of the technology in the country in July 2011. By the end
of
April 2012, SK Telecom (NYSE: SKM) – South Korea-s leading operator with
more
than 26 million mobile subscribers – reached 2.4 million LTE subscribers.
To meet this fast-growing demand, SK Telecom has selected Ericsson
(NASDAQ: ERIC)
to extend its LTE network. The LTE network extension will be carried out by
Ericsson-s operating unit in Korea, LG-Ericsson and is scheduled to be
completed
within the first half of this year.
This agreement for the commercial launch of LTE services in some of the
country-s major cities – including Busan and Daegu – makes Ericsson one of
the
operator-s main partners.
SK Telecom highlighted that meeting its users- expectations and delivering
high-quality services are priorities, and that it is important to work
constantly to
make improvements in these areas. Having Ericsson as a partner to help
expand
its LTE service offering to its subscribers is considered a very positive
thing.
Martin Wiktorin, President and CEO of LG-Ericsson, says: “As a result of
this
expansion, SK Telecom will be able to offer its users broader network
coverage
and an enhanced mobile-broadband experience, ensuring continued loyalty
among
its customers and continued market leadership.”
“LG-Ericsson will provide the LTE network including LTE RAN and Evolved
Packet
Core as well as support services including engineering, design, deployment
and
support services. The LTE radio access network will make use of Ericsson-s
Operation Support System for Radio & Core (OSS-RC) and RBS 6000 base
stations.”
NOTES TO EDITORS
Ericsson LTE Media Kit
Our multimedia content is available at the broadcast room:
Ericsson is the world-s leading provider of communications technology and
services. We are enabling the Networked Society with efficient real-time
solutions that allow us all to study, work and live our lives more freely,
in
sustainable societies around the world.
Our offering comprises services, software and infrastructure within
Information
and Communications Technology for telecom operators and other industries.
Today
more than 40 percent of the world-s mobile traffic goes through Ericsson
networks and we support customers- networks servicing more than 2 billion
subscribers.
We operate in 180 countries and employ more than 100,000 people. Founded in
1876, Ericsson is headquartered in Stockholm, Sweden. In 2011 the company
had
revenues of SEK 226,9 billion (USD 35.0 billion). Ericsson is listed on
NASDAQ
OMX, Stockholm and NASDAQ, New York stock exchanges.
Press release in PDF:
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(i) the releases contained herein are protected by copyright and
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Source: Ericsson via Thomson Reuters ONE
[HUG#1608351]
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