Ericsson Signs 5-Year Purchase Agreement with Asia's Axiata Group
Published on: 5th Nov 2010
Note -- this news article is more than a year old.
Malaysia's Axiata Group has entered into a five year strategic global framework arrangement with Ericsson. In the agreement, both Axiata and Ericsson have agreed to work together to establish a streamlined procurement platform which will realise business efficiencies and competitive advantage through cash flow improvement and timely purchasing. The agreement will also enable Axiata to leverage on its volume, across five countries in the region, for pricing arrangements which will ultimately translate into cost savings for Axiata Group.
Specifically, the Axiata-Ericsson framework agreement will provide Axiata and its subsidiaries a common platform for their purchases from Ericsson.
President and Group Chief Executive Officer of Axiata, Dato' Sri Jamaludin Ibrahim said "Speed is crucial in the telecommunications industry and this agreement reduces the time required by each of the companies in purchasing products and services thereby translating into faster time to market which will ultimately benefit customers. We look forward to working closely with Ericsson, towards a mutually beneficial agreement"
Hans Vestberg, President and CEO of Ericsson said; "Leveraging our long successful partnership with Axiata group, the agreement will streamline the procurement process while achieving time and cost savings - true win-win situation for both of the companies. We're proud of being chosen as the first vendor to be awarded this credibility by Axiata group."
Axiata has controlling interests in mobile operators in Malaysia, Indonesia, Sri Lanka, Bangladesh and Cambodia with significant strategic stakes in India, Singapore and Iran.