STOCKHOLM, Sweden, Jan. 29, 2002 (PRIMEZONE) -- Hi3G has entered into an agreement with Netel regarding the roll-out of infrastructure for the third-generation mobile telecommunication (3G). The agreement covers the establishment and construction of approximately 250 base stations in Sweden.
The agreement with Netel applies to a turnkey contract covering project management, site procurement, project design, construction and telecom installations for at approximately 250 base stations in Stockholm, Gothenburg and Malmo.
The parties have agreed not to disclose the value of the order. Work has already begun.
"This cooperation with Netel is an important part of the rollout of the infrastructure that is needed for Hi3G's future service offering," said Chris Bannister, CEO Hi3G. We are convinced that Netel will live up to our high demands with regards to quality and concern for the environment.
"This is yet another milestone in the rollout of the Swedish 3G infrastructure. This agreement with Hi3G strengthens Netel's position even further on the market," said Erik Salling, CEO Netel.
Hi3G has a Swedish and a Danish UMTS licence and is aiming to become a leading mobile multimedia operator with attractive and innovative services. The company's strength lies in the fact that it is a pure 3G company, with no baggage from old technologies such as GSM. Hi3G is expanding rapidly with the support of its owners, Hutchison Whampoa Ltd. (60%) and Investor AB (40%), who have solid network and industry track records worldwide. Hi3G is cooperating with other Hutchison Whampoa companies that hold 3G licences in Australia, Austria, Hong Kong, Israel, Italy, and the United Kingdom. Please stay in touch and visit www.hi3gaccess.se.
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