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Ericsson and COSMOTE have now signed a Letter of Intent covering the initial phase of COSMOTE's WCDMA roll out in Greece, until the end of 2004. Ericsson will deliver network infrastructure including core and radio equipment, and will support the 3G rollout with a full range of services.

The Ericsson WCDMA solution will enable COSMOTE customers in Greece to continue enjoying advanced mobile services in the new 3G era. In addition to designing and implementing its 3G network, Ericsson has committed to work closely with COSMOTE in developing attractive end-user services in advance of the upcoming 2004 Olympic Games in Athens.

"The start of the deployment of our 3G network in Greece is yet another milestone for COSMOTE and confirms once again the company's proven commitment to deliver the highest quality, most user-friendly services to the Greek people," said Evangelos Martigopoulos, CEO of COSMOTE.

COSMOTE's Board of Directors selected Ericsson as the main vendor for the first phase of its 3G deployment in their June 19 board meeting. The first phase covers the period until the end of 2004.