•Ericsson selected as Best Saudi Telecom Innovative Vendor at TELSA Awards
•Ericsson innovation helps operators realize their vision and advance the telecom industry in the Kingdom with leading end-to-end solutions and services.
Ericsson (NASDAQ: ERIC) has announced that it has received the "Best Saudi Telecom Innovative Vendor" award, which was presented to the company at the TELSA Awards event in Saudi Arabia last evening. The award recognized Ericsson's technology leadership, business understanding of operators' challenges in Saudi Arabia, and Ericsson's extensive experience in managing complex telecom infrastructure projects. Hassan AlRedha, Head of Marketing Communications, Ericsson Region Middle East received the award at the ceremony on behalf of the company.
Commenting on the achievement, Ali Eid, President of Ericsson Saudi Arabia, said, "We are extremely pleased to be honored with this award from TELSA, which recognizes our innovation in the telecom world and cements Ericsson's technology and services leadership. We believe it reflects on Ericsson's ability to help customers realize their potential, fulfill customer needs for increased efficiency, and provide them with innovative service and network operations. We thank TELSA for their endorsement of the quality and commitment that Ericsson offers."
Ericsson is amongst the main providers responsible for the deployment of Long Term Evolution (LTE) in Saudi Arabia. Ericsson's leading end-to-end LTE/4G solution enables the operators in Saudi Arabia to provide their customers with the most modern services, including activation of multimedia applications like streaming videos, chatting, cloud services, conferencing and "High-Definition" applications.
As the leader in telecom services, Ericsson globally invested SEK 32.6 billion (US$5.13 billion) in Research & Development (R&D) in 2011. This compares with SEK 29.9 billion (US$4.70 billion) in 2010. Including all technology areas, Ericsson holds a total of 30,000 granted patents and employs more than 18,000 people in R&D units spread over 17 countries.
TELSA Award winners were selected by an exclusive panel of judges. Judges evaluated submissions based on technology innovation, financial impact, market validation and end-user customer experience. The awards took place on Sunday, February 10, 2013 at the Four Seasons Hotel, Riyadh.
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Ericsson is the world's leading provider of communications technology and services. We are enabling the Networked Society with efficient real-time solutions that allow us all to study, work and live our lives more freely, in sustainable societies around the world.
Our offering comprises services, software and infrastructure within Information and Communications Technology for telecom operators and other industries. Today more than 40 percent of the world's mobile traffic goes through Ericsson networks and we support customers' networks servicing more than 2 billion subscribers.
We operate in 180 countries and employ more than 100,000 people. Founded in 1876, Ericsson is headquartered in Stockholm, Sweden. In 2011 the company had revenues of SEK 226.9 billion (USD 35.0 billion). Ericsson is listed on NASDAQ OMX, Stockholm and NASDAQ, New York stock exchanges.
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© Press Release 2013
