[May 16, 2008] Ericsson wins USD160m network expansion and upgrade contract from SingTel Tweet (Nordic Business Report Via Acquire Media NewsEdge) Swedish telecomms solutions provider Ericsson (OMX Stockholm; ERIC A, ERIC B) (NASDAQ: ERIC) said on Friday (16 May) that it has received a USD160m contract to expand and upgrade the GSM/WCDMA/HSPA networks of Singapore Telecommunications Limited (SingTel). Ericsson said that it will provide a complete IP-based radio access and common core network, as well as upgrade SingTel's existing HSPA network to increase download and upload speeds to 15.4Mb/s and 5.7Mb/s respectively. The upgrade will also prepare SingTel for HSPA Evolution, which will enable even faster download and upload speeds. Ericsson, headquartered in Stockholm, Sweden, provides technology and services to telecomms operators all over the world. The group has over 70,000 employees in 175 countries and reported revenues of SEK189bn in 2007. One British pound (GBP) is worth approximately 11.73 Swedish kronor (SEK). ((Comments on this story may be sent to [email protected])) Copyright ? 2008 M2 Communications Ltd. [ Back To TMCnet.com's Homepage ]