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Nokia Siemens Networks To Supply Tele2 4G Networks In Baltics

Date : 04/25/2012 @ 7:09AM
Source : Dow Jones News
Stock : Siemens AG Na (SIE)
Quote : 89.48  2.12 (2.43%) @ 10:52AM
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Nokia Siemens Networks To Supply Tele2 4G Networks In Baltics

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Network equipment joint venture Nokia Siemens Networks (NOK, SI) said Wednesday that it has been selected as the sole supplier of Swedish telecommunications operator Tele2's (TEL2-B.SK) fourth-generation, long-term evolution radio and core networks in Estonia, Lithuania and Latvia.

 
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-"With increased adoption of smart devices and demand for high-speed data services, we want to build LTE networks in the Baltics," said Niklas Sonkin, central Europe and Eurasia market area director at Tele2.

-Nokia Siemens also said it will modernize and expand Tele2's Global System for Mobile Communications, or GSM, and third-generation networks in the Baltics.

-The 4G deployment and network modernization will be enabled using Nokia Siemens Networks' Single RAN, or radio access network, and Liquid Core technology.

-No financial details were disclosed.

-At 1013 GMT, shares in Nokia were up 1.5% at EUR2.77, and shares in Tele2 were up 1.3% at SEK124.40.

-By Jens Hansegard, Dow Jones Newswires; +46-8-5451-3095; jens.hansegard@dowjones.com



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