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July 14, 1997updated 05 Sep 2016 12:57pm

ERICSSON WINS $260M IN TAIWANESE CONTRACTS

By CBR Staff Writer

LM Ericsson Telefon AB has won two contracts to supply GSM networks in Taiwan valued at $260m. Ericsson has signed a three-year deal with Far EasTone to provide one GSM 1800 MHz nationwide system and one GSM MHz 900 regional system for a total of $200m. It also has a five-year contract with TransAsia for another GSM 900 MHz regional system at $60m. The company says the contracts mean it has effectively captured half of the new wireless market in the recently deregulated Taiwanese telecommunications arena. Since January, six wireless operators have been awarded a total of eight licenses for GSM systems. The licenses allow for two nationwide systems and six regional systems.

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