UPDATE: T-Mobile Signs Large Deals With Ericsson, Nokia Siemens Networks
08 Maggio 2012 - 6:04PM
Dow Jones News
Ericsson (ERIC) and Nokia Siemens Networks late Monday bagged a
major contract from T-Mobile in the U.S., to provide equipment and
services for its planned high-speed mobile broadband network.
T-Mobile, a unit of Germany-based Deutsche Telekom AG (DTE.XE)
has been late in upgrading its network to offer the high-speed
mobile broadband service known as 4G LTE. Last year it put
strategic plans on hold in anticipation of being taken over by
AT&T Inc. (T), in what became a failed $39 billion bid for the
fourth-largest U.S. carrier.
T-Mobile announced the agreements at a conference in New Orleans
on Monday.
The network deals with Ericsson and NSN, spanning about three
years, will help T-Mobile build a 4G network to cover major markets
starting next year to compete with Verizon Wireless, AT&T, and
Sprint Nextel Corp. (S).
In an interview, Thomas Noren, head of radio products at
Sweden's Ericsson, described the contract as "very important" for
the Swedish company.
T-Mobile will build the network over the next few years at a
cost of about $4 billion and is using funds and wireless airwaves
it won from AT&T following the failed takeover bid.
"This is a major contract which strengthens our position on the
North American market," Noren said. "Ericsson has been very
successful when it comes to LTE in North America, and we have been
chosen to deploy LTE by all major operators in the region."
He added that all the competing major network wireless vendors,
which include companies such as Alcatel-Lucent (ALU) and China's
Huawei Technologies Co., were competing for the T-Mobile
contract.
The deal is also important for NSN, the loss-making network
joint venture of Siemens AG (SI) and Nokia Corp. (NOK), which has
had a hard time competing for network infrastructure contracts
against market leader Ericsson and rapidly growing Huawei.
In 2010, NSN launched a bid for the wireless networks business
of Motorola Solutions Inc., to strengthen its position with major
U.S. carriers. The deal was completed in April last year.
-By Greg Bensinger and Sven Grundberg, Dow Jones Newswires;
212-416-4676; greg.bensinger@dowjones.com
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