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Croatia's ENT in 31 mln kuna (4 mln euro) deals with Bosnia's HT Mostar

Author Annie Tsoneva
Croatia's ENT in 31 mln kuna (4 mln euro) deals with Bosnia's HT Mostar Ericsson Nikola Tesla

ZAGREB (Croatia), October 20 (SeeNews) - Croatian ICT solutions provider Ericsson Nikola Tesla [ZSE:ERNT] said on Wednesday it has signed several deals worth more than 31 million kuna ($4.8 million/4.1 million euro) combined with Bosnian telecommunications company HT Mostar [SAJ:HTKM].

The contracts envisage an upgrade and expansion of LTE RAN network, expansion of the transmission network, as well as software upgrade and expansion of HT Mostar’s fixed line system, Ericsson Nikola Tesla said in a filing with the Zagreb bourse.

The signed deals further strengthen the cooperation between the companies and create infrastructure prerequisites for the implementation of state-of-the-art technologies, ENT added.

Ericsson Nikola Tesla's shares closed at 1,800 kuna on the Zagreb bourse on Wednesday, up 0.84%.

(1 euro=7.505 Croatian kuna)

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