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Ericsson Eesti planning to invest EUR 6.4 mln

05.03.2010

BNS - Ericsson Eesti, which is increasing the volumes of its output, is planning to invest 100 million kroons this year; among other things it is planning to launch two new production lines.

Ericsson Eesti board chairman Veiko Sepp told BNS that network equipment of the newest, fourth mobile communication generation would be produced at the Tallinn facility. For that purpose Ericsson will renew lines and will launch two new ones.

"The new lines will add components more closely and faster on printed circuit boards, it is the last word in technology," Sepp said. He added that Ericsson had filed an application to Enterprise Estonia for a subsidy from the technology investments program.

Sepp added that broadband network installations would be produced at the facility as the result of the renewal. Last week, EMT opened such a fourth generation (4G) data communication test network. Ericsson's Tallinn factory will also start producing 3G mobile communication installations and will continue producing equipment necessary to bring fixed broadband internet to home and office.

Sepp said that big growth in demand could be currently foreseen in terms of broadband networks. Sepp quoted the example of the Australian telecommunication company Telstra, which will cover the whole Australia with 3G high-speed data communication. "Besides, there is busy building underway in America."

Ericsson Eesti has a total of 1,400 employees, of these 35 percent with higher education.

Source: investinestonia.com