April 24 (SeeNews) - Croatian telecommunications equipment manufacturer Ericsson Nikola Tesla [ZSE:ERNT] and Bosnian telecommunications company HT Mostar [SAJ:HTKMR] have signed deals worth 23 million kuna ($3.5 million/3.1 million), Ericsson said on Wednesday.
The contracts cover expansion and modernisation of the mobile network monitoring system and the Integrated Management System (IMS), as well as expansion of HT Mostar's radio access network, the Croatian company said in a filing to the Zagreb Stock Exchange (ZSE).
Due to the use of LTE technology, the users of HT Mostar’s network will benefit from increased data transfer speeds.
The execution of the contracts will start immediately.
(1 euro = 7.42423 kuna)