Sprint gains Network Advantage: Innovative network services deal with
Ericsson delivers competitive
Sprint gains Network Advantage: Innovative network services deal with Ericsson delivers competitive edge
(Thomson Reuters ONE) - NOTE: Sprint and Ericsson will host a conference call for financialand industry analysts and press on Thursday, July 9 at 1:30 p.m. EDT(12:30 p.m. CDT / 19:30 CET).Ericsson's world-class, day-to-day network services expertise allows Sprint to focus on delivering a superior customer experience, innovative services and popular new devices Sprint retains full ownership and control of its networks while continuing to drive all strategic decisionsSprint (NYSE:S) is breaking away from competitors today with a uniquewireless and wireline network services agreement with global leaderEricsson (NASDAQ:ERIC).The seven-year agreement, matching Sprint's telecommunicationsleadership with Ericsson, enables Sprint and its millions ofcustomers to enjoy a network services model that is proven successfulworldwide and praised by business experts and communicationsanalysts, as an operational best practice for network operators.Sprint's Steve Elfman, President of Network Operations and Wholesale,believes the historic deal, titled "Network Advantage," catapults thecompany to elite status in wireless and wireline networkeffectiveness."No other U.S.-based carrier has followed through on thebusiness-enhancing vision inherent in Network Advantage. Ourbest-ever network performance will become even better by leveragingEricsson's world-class leadership in network services, theirproprietary tools, and the knowledge of more than 30,000 dedicatedand highly-specialized service professionals to power Sprint's NowNetwork," said Elfman.The move delivers operational efficiencies for Sprint while furtherexpanding Ericsson's network services business in North America. Theagreement, with an option for renewal, will result in payments forservices valued at between $4.5 billion and $5 billion (USD) over theseven-year term of the contract. The transaction calls for about6,000 Sprint employees to begin performing their network functions asEricsson employees sometime in the 3rd quarter.Key elements of Network Advantage are:* Sprint retains full ownership and control of its network assets, and solely owns network strategy and investment decisions.* Customers will continue to work directly with Sprint employees as their primary contact, as Sprint retains full control of the customer experience, customer technical support and services review.* Sprint retains technology and vendor selections.* Ericsson assumes responsibility for the day-to-day services, provisioning and maintenance for the Sprint-owned CDMA, iDEN and wireline networks.* Ericsson will optimize Sprint's multi-vendor inventory of assets such as spare parts and transmission equipment, and provide processes and tools for managing the national network platforms and operational support systems.* The transferred employees will become part of Ericsson Services Inc., a wholly-owned Ericsson subsidiary based in Overland Park, KS, a move that retains jobs in the United States. No force reductions are currently contemplated as a result of this agreement."Ericsson is excited about the opportunity to expand our successfulbusiness model to the U.S. allowing Sprint to operate moreefficiently while focusing even more on its customers," said AngelRuiz, head of Ericsson's North American operations. "Managed Serviceshas been successful throughout the world. Measures that provideoperators with reduced cost and improved efficiency have becomeincreasingly valid and attractive. This shows that the trend offull-scope Managed Services with tier-one global operators is nowhappening in the U.S. We're looking forward to the skill andcompetence that the Sprint employees will bring to Ericsson."Elfman added, "Taking advantage of Ericsson's global expertise tooperate the tactical functions of our networks will greatly enhanceSprint's business. Beyond the obvious network advancements, we're nowpositioned to eclipse the competition by concentrating on our legacyof innovation - whether it's revolutionizing the customer experienceas we've done with Ready Now and our value plans, or deliveringiconic, highly-sought-after products like Sprint Mobile BroadbandCards, the Palm® Pre(TM) and MiFi(TM). Further, our network powersSprint's one-of-a-kind wireline and wireless assets, such as ouraward-wining Unified Communications enablement, a robust integrationof converged solutions that delivers unparalleled business mobility."Sprint expects to immediately benefit from Ericsson's leadership andbest-in-class economies of scale in network services. Ericsson wasthe pioneer with leading global carriers in Europe as well asAsiaPacific and Latin America (full reference list) for this type ofpartnership and has more than 15 years' experience in the field withhundreds of carrier contracts. Ericsson today manages networks thattogether serve more than 275 million subscribers worldwide.Additionally, more than 40 percent of all mobile traffic goes throughEricsson's networks. Its investments in best practices and tools willenhance Sprint's business and bring scale and efficiency that willimpact Sprint beyond what it could achieve as a stand-alone carrier.Safe Harbor" Statement under the Private Securities Litigation ReformAct of 1995This news release includes "forward-looking statements" within themeaning of the securities laws. The statements in this news releaseregarding network performance and capabilities, business and networkefficiencies, new products and services, and the business outlook andperformance, as well as other statements that are not historicalfacts, are forward-looking statements. The words "estimate,""project," "forecast," "intend," "expect," "believe," "target,""providing guidance" and similar expressions are intended to identifyforward-looking statements. Forward-looking statements are estimatesand projections reflecting management's judgment based on currentlyavailable information and involve a number of risks and uncertaintiesthat could cause actual results to differ materially from thosesuggested by the forward-looking statements. With respect to theseforward-looking statements, management has made assumptionsregarding, among other things, customer and network usage; customergrowth and retention; pricing; development, deployment and operatingcosts; availability of devices; the timing of various events and theeconomic environment.Sprint Nextel believes these forward-looking statements arereasonable; however, you should not place undue reliance onforward-looking statements, which are based on current expectationsand speak only as of the date of this release. Sprint Nextel is notobligated to publicly release any revisions to forward-lookingstatements to reflect events after the date of this release. SprintNextel provides a detailed discussion of risk factors in periodic SECfilings, including its annual report on Form 10-K for the year endedDecember 31, 2008 in Part I, Item 1A, "Risk Factors."About EricssonEricsson is the world's leading provider of technology and servicesto telecom operators. Ericsson is the leader in 2G, 3G and 4G mobiletechnologies, and provides support for networks with over 1 billionsubscribers and has a leading position in Managed Services. Thecompany's portfolio comprises of mobile and fixed networkinfrastructure, telecom services, software, broadband and multimediasolutions for operators, enterprises and the media industry. The SonyEricsson and ST-Ericsson joint ventures provide consumers withfeature-rich personal mobile devices.Ericsson is advancing its vision "to be the prime driver in anall-communicating world" through innovation, technology, andsustainable business solutions. Working in 175 countries, more than75,000 employees generated revenue of SEK 209 billion (USD 32.2billion) in 2008. Founded in 1876 with the headquarters in Stockholm,Sweden, Ericsson is listed on NASDAQ OMX Stockholm and NASDAQ NewYork.www.ericsson.comwww.ericsson.mobiwww.twitter.com/ericssonpressAbout Sprint NextelSprint Nextel offers a comprehensive range of wireless and wirelinecommunications services bringing the freedom of mobility toconsumers, businesses and government users. Sprint Nextel is widelyrecognized for developing, engineering and deploying innovativetechnologies, including two wireless networks serving more than 49million customers at the end of the first quarter 2009;industry-leading mobile data services; instant national andinternational push-to-talk capabilities; and a global Tier 1 Internetbackbone. For more information, visit www.sprint.com.FOR FURTHER INFORMATION, PLEASE CONTACTSprint Media RelationsJames FisherPhone: 703-433-8677E-mail: James.W.Fisher(at)Sprint.comSprint Investor RelationsYijing BrentanoPhone: 800-259-3755Investor.relations(at)sprint.comEricsson Media Relations (USA)Kathy EganPhone: +1 212-843-8422E-mail: press.relations(at)ericsson.comEricsson Corporate Public & Media RelationsPhone: +46 10 719 69 92E-mail: press.relations(at)ericsson.comEricsson Investor RelationsPhone: +46 10 719 00 00E-mail: investor.relations(at)ericsson.com ###+-------------------------------------------------------------------+| Ericsson discloses the information provided herein pursuant to || the Securities || Markets Act and/or the Financial Instruments Trading Act. The || information || was submitted for publication at on July, 9 at 17:35 CET. |+-------------------------------------------------------------------+http://hugin.info/1061/R/1328069/313026.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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