Ooredoo Group Signs 5-year Frame Agreement with Ericsson for Radio, Core and Transmission Solutions

DOHA, Qatar, Nov. 16, 2015 /PRNewswire/ -- Ooredoo Group and Ericsson (NASDAQ:ERIC) have signed a frame agreement for the supply of radio, core and transmission solutions, as well as related implementation and integration services.

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The group frame agreement includes radio, core and transmission equipment as well as related services. The agreement also covers Ericsson's Software model with its predefined software value packages, which ensures better performance and reduces time to market for new functionalities. Using these solutions, Ooredoo's network performance will improve to meet growing end-user expectations.

Ahmed Al Derbesti, COO, Ooredoo Group, said: "This group frame agreement will allow us to benefit from Ericsson's latest hardware, software and services. It will allow us to differentiate our end user offering and will give us the competitive edge that we need."

Rafiah Ibrahim, President of Ericsson, Region Middle East and Africa. "The region is witnessing a digital transformation fuelled by innovation of telecom services and solutions and the high demand on smart devices. This transformation requires networks that can provide superior performance to cater for the data explosion. From this end, our customers realized the need to transform their networks and today's collaboration with Ooredoo Group is a testimonial of our continuous support to meet their ambitions of delivering best performing networks that can provide superior customer experience for their subscribers."

The agreement includes 2G, 3G and 4G radio equipment and indoor small cells solutions. It also covers Mobile Soft switching and Evolved Packet Core, MINI-LINK microwave transmission equipment.

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About Ooredoo

Ooredoo is a leading international communications company delivering mobile, fixed, broadband internet and corporate managed services tailored to the needs of consumers and businesses across markets in the Middle East, North Africa and Southeast Asia. As a community-focused company, Ooredoo is guided by its vision of enriching people's lives and its belief that it can stimulate human growth by leveraging communications to help people achieve their full potential. Ooredoo has a presence in markets such as Qatar, Kuwait, Oman, Algeria, Tunisia, Iraq, Palestine, the Maldives, Myanmar and Indonesia. The company was named "Most Innovative Company of the Year -- MEA Region" at the 2015 International Business Awards.

The company reported revenues of US$ 9.1 billion in 2014 and had a consolidated global customer base of 114.9 million customers as of 30 September 2015. Ooredoo's shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.

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About Ericsson

Ericsson is the driving force behind the Networked Society -- a world leader in communications technology and services. Our long-term relationships with every major telecom operator in the world allow people, business and society to fulfill their potential and create a more sustainable future.

Our services, software and infrastructure -- especially in mobility, broadband and the cloud -- are enabling the telecom industry and other sectors to do better business, increase efficiency, improve the user experience and capture new opportunities.

With approximately 115,000 professionals and customers in 180 countries, we combine global scale with technology and services leadership. We support networks that connect more than 2.5 billion subscribers. Forty percent of the world's mobile traffic is carried over Ericsson networks. And our investments in research and development ensure that our solutions -- and our customers -- stay in front.

Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales in 2014 were SEK 228.0 billion (USD 33.1 billion). Ericsson is listed on NASDAQ OMX stock exchange in Stockholm and the NASDAQ in New York.

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SOURCE Ooredoo