STOCKHOLM, Sweden-Telecom joint venture Broadwave Communications, consisting of five international partners, intends to invest $1.5 billion over a 10-year period to develop a third generation open mobile network in Sweden.
The partners, including Swedish broadband operator Telel Europe; U.S. mobile operator Western Wireless International Corp.; Finnish mobile group 2G/3P; Swedish fixed line operator Rix Telecom; and Norwegian mobile provider You Communications, said the investment would be financed through equity, supplier credit and loans.
In addition to its current UMTS licenses, Broadwave has applied for a GSM/GPRS license with intentions to launch GSM services by April 2001.
