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Dec 18, 2007 14:37 EEST
December 18 (SeeNews) - Croatian blue-chip telecoms equipment manufacturer Ericsson Nikola Tesla said on Tuesday it signed deals worth 23 million kuna ($4.5 million/ 3.2 mllion euro) to expand and upgrade the mobile network of Bosnia's biggest telecom operator, BH Telecom.
Under the deal BH Telecom's GSM network and SDP(Session Description Protocol) architecture will be expanded and a SIP(Session Initiation Protocol) architecture will be launched, Ericsson Nikola Tesla said in a statement. Ericsson Nikola Tesla ( www.ericsson.com/hr ) is one of the blue chips of the Zagreb Stock Exchange (ZSE). Its shares traded at 3,075 on Tuesday, down 0.9% from close on Monday.
Swedish telecoms equipment giant Ericsson owns 49.07% of the Croatian company.
BH Telecom ( www.bhtelecom.ba ) is the largest of the three fixed-line telecoms operating in war-divided Bosnia which comprises a Muslim-Croat Federation and a Serb Republic. The company is based in Bosnia's capital Sarajevo and operates mainly in the Federation.
(1 euro= 7.2953 Croatian kuna)
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