Ericsson (NASDAQ:ERIC) and Sprint today announced a renewal of portions of the companies' 2009 managed services contract, which reaches its full term in September 2016.

Going forward Ericsson will continue to be a key business partner for Sprint. As part of the new relationship Ericsson will provide some multi-vendor services that support the ongoing operations, development and transformation of Sprint's networks. Overall Network Service Assurance management of the network will be performed by Sprint.

Roger O'Hargan, Head of Network Services, Ericsson North America, says: "We are very proud of the work Ericsson has done to help Sprint achieve its business objectives over the past seven years. We look forward to continuing our partnership and helping Sprint deliver enhanced operational performance and achieve the cost advantages that can come through our managed services offerings."

Dr. John Saw, Sprint Chief Technology Officer, says: "Sprint's network is performing at best-ever levels, and we are proud of the progress we have made with Ericsson over the last seven years. Ericsson remains a valued strategic partner in supporting the Sprint network. As with any long-term managed services agreement, it is crucial that the relationship is regularly reviewed and adjustments made when necessary so that business strategies remain aligned."