ADVFN - Advanced Financial Network.
HOME» NASDAQ » L » ERIC Stock Price » ERIC Stock News

Lm Ericsson Telephone Company Ads Share News

 Lm Ericsson Telephone Company Ads (mm) Stock Price
ERIC Stock Price
 Lm Ericsson Telephone Company Ads (mm) Stock Chart
ERIC Stock Chart
 Lm Ericsson Telephone Company Ads (mm) Stock News
ERIC Stock News
 Lm Ericsson Telephone Company Ads (mm) Company Information
ERIC Company Information
 Lm Ericsson Telephone Company Ads (mm) Stock Trades
ERIC Stock Trades

Bharat Sanchar Executive: Have Given Telecom Equipment Contracts to ZTE, Alcatel-Lucent

By R. Jai Krishna NEW DELHI--State-run Indian telecom operator Bharat Sanchar Nigam Ltd. has given network-equipment contracts to China's ZTE Corp. (ZTCOY) and Anglo-French firm Alcatel-Lucent (ALU), a top company executive said Tuesday. "The purchase orders have already been handed out," R.K. Agarwal, director for consumer mobile-phone services at BSNL, told Dow Jones Newswires. BSNL has been looking to expand its mobile-phone network for the past two years in an attempt to catch up with rivals like Bharti Airtel Ltd. and Vodafone India Ltd. It has often cited network capacity constraints for its inability to turn profitable. BSNL had invited bids in July 2011 for equipment that will allow it to add 14.37 million mobile-phone connections. It had estimated the contract value to be about 60 billion rupees ($1.09 billion). While ZTE was the lowest bidder, Alcatel-Lucent was among four vendors shortlisted by BSNL. However, Alcatel-Lucent and three others -- Huawei Technologies Co., L.M. Ericsson Telephone Co. [ERIC] and Nokia Siemens Networks -- said they would pull out of the contract as the bid put in by ZTE wasn't viable for them to match. Mr. Agarwal Tuesday said that ZTE and Alcatel-Lucent were offering the same rates. ZTE confirmed receipt of the order. In a statement, ZTE said the contract it got will help BSNL expand its mobile phone network capacity to add 10.15 million new users in the northern and southern parts of India. Executives at the Indian unit Alcatel-Lucent were unavailable for comment. Write to R. Jai Krishna at

Stock News for Lm Ericsson Telephone Company Ads (ERIC)
06/30/201503:00:47Ericsson to support Chunghwa Telecom's LTE expansion
06/26/201503:00:50Ericsson appoints new Head of Region India
06/26/201503:00:00Ericsson appoints new Head of Region North East Asia
06/24/201510:40:00Ericsson propose une plate-forme de gestion de connectivité...
06/24/201510:37:00Ericsson provides SaskTel with M2M connectivity management platform...
06/24/201505:00:42Implementation of cost and efficiency program in Sweden
06/23/201503:05:32BT Sport selects Ericsson to launch UK's first UHDTV channel
06/17/201504:00:00Smile Communications selects Ericsson for 4G/LTE managed services...
06/09/201509:00:00CENX's Service Orchestration Boosts Ericsson's Managed Services
06/04/201503:30:44Ericsson unveils connected bus stop and other public transport...
06/03/201510:51:00Le rapport sur le secteur mobile publié par Ericsson indique...
06/03/201508:00:00Ericsson Mobility Report: Canadian smartphone data usage to increase...
06/03/201503:30:19Ericsson Mobility Report: 70 percent of world's population using...
06/02/201502:29:45Ericsson Signs Seven-Year Playout Deal With BBC
06/02/201502:00:00BBC awards multi-year playout services deal to Ericsson
06/01/201511:00:27Ericsson Adaptive Inventory redefines network and service resource...
06/01/201511:00:00Ericsson and Pegasystems partner to enable Digital Telco Transformation
05/25/201502:01:59Ericsson's Nomination Committee appointed
05/14/201503:17:00Ericsson Partners with Evergent to Deliver End-to-End Solutions...
05/14/201503:17:00Ericsson Partners with Evergent to Deliver End-to-End Solutions...

Lm Ericsson Telephone Company Ads and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations