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TSYS (MM)

4.99
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
(MM) NASDAQ:TSYS NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.99 0 01:00:00

Swisscom To Spend Hundreds Of Millions Francs On Mobile Network

21/12/2011 7:13am

Dow Jones News


Telecommunication Systems (NASDAQ:TSYS)
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Swisscom AG (SCMN.VX) Wednesday said it plans to overhaul its mobile network and will invest several hundreds of millions of Swiss francs over the next five years.

MAIN FACTS:

- Swisscom will update the technology of all mobile base stations.

- It will also increase network capacity at heavily frequented locations and press ahead with LTE expansion, and it has chosen Ericsson as its strategic partner for the network expansion.

- It will begin to implement the measures in January 2012.

- By mid-2014 Swisscom will have upgraded all 6,000 mobile base stations with new hardware and software and connected them to fast fibre-optic lines.

- These mobile transmission sites will thus be ready for the launch of the new LTE mobile technology.

- The more than 300 new mobile sites established each year will also be similarly fitted out.

- The antenna systems will not be affected, and the stringent radiation limits will continue to be met.

-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47; zurichdjnews@dowjones.com

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