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Ericsson to supply TIM Brasil with mobile broadband network



By AP
16 April 2008 @ 12:07 pm EST

NEW YORK - Sweden's LM Ericsson AB said Wednesday it will supply Brazilian mobile operator TIM Brasil with a mobile broadband network, also known as WCDMA/HSPA, so the company can launch high-speed mobile broadband service in eight states across the country.

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Financial terms were not disclosed.

Ericsson's American Depository Shares rose 64 cents, or 3.2 percent, to $20.53 in midday trading. The stock has traded in a 52-week range of $17.04 to $43.41.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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